USD/JPY Forecast January 29, 2013, Technical Analysis
The USD/JPY pair fell during the Friday session as the profit taking continued. However, we have a lot of support at the 90 level, so the pullback will more than likely be short-lived at best.
Category: Daily Forex Reports
USD/CAD Forecast January 29, 2013, Technical Analysis
The USD/CAD pair originally rose during the session on Monday, but found the 1.01 level to be far too resistant yet again. This market had previously seen quite a bit of resistance at the 1.0050 level, and...
GBP/USD Forecast January 29, 2013, Technical Analysis
The GBP/USD pair fell heavily again on Monday, as incoming Bank of England chairman Mark Carney suggested that further easing couldn’t be ruled out in the case of the United Kingdom.
EUR/USD Forecast January 29, 2013, Technical Analysis
The EUR/USD pair fell most of the session on Monday, but did bounce towards the end of the day also the 1.34 level in order to form a bit of a hammer. This hammer is just below...
AUD/USD Forecast January 29, 2012, Technical Analysis
The AUD/USD pair fell during most of the Monday session, but found enough support at the 1.04 region that we bounced hard enough to form a hammer. This hammer suggests that we are bound to take another...
Euro Bullish Ahead of Busy Trading Week
The euro saw substantial bullish movement on Friday, amid signs that the euro-zone economic recovery is gaining momentum. Meanwhile, speculations that the Bank of Japan will take additional monetary easing steps in the near future caused the...
AUD/JPY: Yen Remains Under Pressure as Japanese Leaders Reiterate Commitment
The Japanese yen is deemed to maintain its weakness opposite the Australian dollar today after Bank of Japan governor Masaaki Shirakawa reaffirmed plans for aggressive monetary easing as data showed the nation remained stuck in deflation in...
USD/JPY Forecast January 28, 2013, Technical Analysis
The USD/JPY pair rose again during the Friday session in order to pierce the 91 and over the first time in ages. We are now clearly over the 90 handle, and as a result it looks like...
USD/CAD Forecast January 28, 2013, Technical Analysis
The USD/CAD pair shot straight through the resistance of the 1.0050 level that we had been watching on Friday. This area was significant in its magnitude, and the fact that we sliced through so effortlessly is indeed...
GBP/USD Forecast January 28, 2013, Technical Analysis
The GBP/USD pair fell during most of the session on Friday, but caught a significant bounce late in the day. With this bounce, we have formed a hammer right at the 1.58 level. This is significant in...