USD/JPY Forecast March 20, 2012, Technical Analysis
USD/JPY fell for most of the session on Monday, but bounced during the day as the 82 handle held as support. The 50, 100, and 200 day EMAs all point higher, and the market has also cleared...
Category: Daily Forex Reports
GBP/USD Forecast March 20, 2012, Technical Analysis
GBP/USD rose again on Monday as the bulls came back into the market. However, we are very close to serious resistance at the 1.59 to 1.60 area, and this should continue to push prices lower when approached.
USD/CHF Forecast March 20, 2012, Technical Analysis
USD/CHF fell again during the Monday session as the Dollar continued to lose a bit of steam overall. The 0.9100 level looks as if it is trying to hold, but until we see a supportive candle at...
Markets Set to Pick Up With US News Today
Following a relatively mild day in the marketplace yesterday, a batch of US news is forecasted to generate volatility today. The US Building Permits figure, set to be released at 12:30 GMT, is forecasted to come in...
USD/CAD Forecast March 20, 2012, Technical Analysis
The USD/CAD pair fell during the Monday session as the oil markets gained for the day. The pair has run below the 0.99 support level, but has many more to worry about as well. The 0.99, 0.98,...
AUD/USD Forecast March 20, 2012, Technical Analysis
The AUD/USD pair has been enjoying a massive rally over the last several months, built mainly on the differential in interest rates between the two currencies. The pair will often rise with the world’s stock markets, and...
Forex-Metal Weekly Analysis
Market review for 12 – 16.03, 2012
USD Tumbles Following Disappointing CPI Figure
The US dollar reversed some of its recent gains to close out the week on Friday, following the release of a disappointing US Core CPI figure. The figure, which came in at 0.1%, led to investor doubts...
USD/CAD Forecast March 19, 2012, Technical Analysis
The USD/CAD pair fell ever so slightly during the Friday session as the oil markets rose just a bit. The market for this pair is highly congested, and as such a difficult one to trade at this...
AUD/USD Forecast March 19, 2012, Technical Analysis
The AUD/USD pair rose again on Friday to break above the Thursday highs we said would be our buy signal. The Aussie has enjoyed a lot of strength over the last several months, and this latest pullback...