USD/JPY Forecast December 3, 2012, Technical Analysis
The USD/JPY pair had a strong showing on Friday, but did pullback from the 82.50 level. Right now though, it must be said that with the Wednesday hammer, it does look like we’re going higher.
Category: Daily Forex Reports
USD/CAD Forecast December 3, 2012, Technical Analysis
The USD/CAD pair did very little during the session on Friday, as we continue to tread water just above the 0.99 handle. The range has been fairly tight over the last several sessions, and it appears that...
GBP/USD Forecast December 3, 2012, Technical Analysis
The GBP/USD pair had a wild session on Friday as we ended up lower, but after breaking the 1.6050 handle. Nonetheless, we see the 1.60 level is very supportive, mainly based upon the Wednesday candle that was...
EUR/USD Forecast December 3, 2012, Technical Analysis
The EUR/USD pair rose during the Friday session, but gave back quite a bit of the gains in order to form the second shooting star in a row. These to shooting stars were preceded by a hammer...
AUD/USD Forecast December 3, 2012, Technical Analysis
The AUD/USD pair went back and forth on Friday as the 1.04 level continues to offer support. We like the look of this pair, but do recognize the fact that it is risk sensitive, and as a...
Is the Bear Yen Position Becoming Too Popular?
AUDJPY. There are numerous reasons to be short the yen. Japan has demographic problem, a slumping economy seemingly headed for another recession, a record-high debt-to-GDP ratio, and recently a trade deficit, caused in part by the elevated...
Optimism in Global Economic Recovery Turns Dollar Bearish
The safe-haven US dollar took losses against several of its main currency rivals yesterday, as increased optimism in the global economic recovery led to risk taking in the marketplace.
USD/JPY Forecast November 30, 2012, Technical Analysis
The USD/JPY pair did very little during the session on Thursday as the markets go back and forth between trying to figure out whether or not the main players in Congress are close to a fiscal deal...
USD/CAD Forecast November 30, 2012, Technical Analysis
USD/CAD pair did very little on Thursday as the markets continue to try and figure out what is going on with the U.S. Congress and their fiscal cliff talks. With this being said, the 0.99 level looks...
GBP/USD Forecast November 30, 2012, Technical Analysis
The GBP/USD pair rose during the Thursday session to trigger buy orders from the hammer that had formed on Wednesday. We are still bullish of this pair, and think that a break above the 1.6050 level will...