GBP/USD Forecast April 23, 2012, Technical Analysis
The GBP/USD pair shot straight up for the Friday session as the 1.6050 level finally gave way. The move may be a bit overextended at the moment, but the pair looks like it is a good “buy...
Category: Daily Forex Reports
AUD/USD Forecast April 23, 2012, Technical Analysis
The AUD/USD pair continued to move sideways for the session, sitting just below the 200 day EMA. The pair looks as if it is trying to form some kind of base, but the 1.04 level is going...
USD/CAD Forecast April 23, 2012, Technical Analysis
The USD/CAD pair fell for the session on Friday as the “risk on” trade came back and the US dollar fell in general against most of the world’s currencies.
USD/JPY Forecast April 20, 2012, Technical Analysis
The USD/JPY pair rose during the Thursday session as the uptrend continues to push the pair higher. The candle has broken above the shooting star shaped candle on Wednesday, and this looks like a breach of minor...
USD/CAD Forecast April 20, 2012, Technical Analysis
USD/CAD rose on the session for Thursday as the oil markets were a bit soft, and the risk appetite in the general markets fell. The pair has recently been in massive consolidation, and the move on Thursday...
GBP/USD Forecast April 20, 2012, Technical Analysis
The GBP/USD pair had a positive day on the session for Thursday as the Pound continues to gain after the Bank of England has suggested that the economy will not require further easing.
EUR/USD Forecast April 20, 2012, Technical Analysis
The EUR/USD pair had an important day on Thursday as the Spanish auctioned off their two and ten year bonds to a reasonable amount of demand, albeit on higher rates than the last sale.
AUD/USD Forecast April 20, 2012, Technical Analysis
The AUD/USD pair fell on Thursday as the risk appetite around the world fell for the session. The candle for the day went as low as the 1.03 level, a level we see as minor support. The...
Spanish Debt Auction Leads to Moderate Euro Losses
The euro took moderate losses against its main currency rivals during yesterday’s trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government,...
Forex-Metal Daily Analysis -19/04/2012
Technical analysis for 19/04