USD/JPY Forecast April 27, 2012, Technical Analysis
The USD/JPY pair is without a doubt one of the most interesting pairs at the moment. In this market you have a matchup of two central banks that seem dead set on killing off their currencies.
Category: Daily Forex Reports
USD/CAD Forecast April 27, 2012, Technical Analysis
The USD/CAD pair bounced hard on Thursday as the 0.98 handle came into the mix in order to give the pair a lift. The recent consolidation did in fact breakdown in order to test the handle, but...
GBP/USD Forecast April 27, 2012, Technical Analysis
The GBP/USD pair rose again during the Thursday session as the breakout continues. However, by the end of the session we saw a doji, and the last couple of days are starting to look a bit exhausted,...
EUR/USD Forecast April 27, 2012, Technical Analysis
The EUR/USD pair tried to gain overall during the session on Thursday, but was repelled by the end of the session to form a bearish candle.
AUD/USD Forecast April 27, 2012, Technical Analysis
The AUD/USD pair rose on Thursday in order to reach the 200 day exponential moving average. The indicator is often used by trend traders, and as such will often act as dynamic support and resistance.
EUR/USD Hits a 3-Week High
The US dollar tumbled vs. its major currency rivals throughout yesterday’s trading session, following the most recent economic predictions from the Fed which stated that a new round of quantitative easing could be initiated if US unemployment...
Technical analysis for 26/04
US Home Sales Figure Set to Generate Volatility
The euro was able to maintain its recent bullish trend throughout the European session yesterday, as investors continued to support riskier assets as a result of strong euro-zone debt auctions earlier in the week.
AUD/USD Forecast April 26, 2012, Technical Analysis
The AUD/USD pair rose during the session on Wednesday as the markets priced in more “risk on” to the global trade. The pair had formed a hammer on Tuesday, and we suggested that the pair could be...
EUR/USD Forecast April 26, 2012, Technical Analysis
The EUR/USD pair had a back and forth session on Wednesday as the Federal Reserve has essentially taken the easy way out for the meeting. In other words, the statement said little about the possibility of quantitative...