GBP/USD Forecast December 19, 2011, Technical Analysis
GBP/USD saw a fairly muted move on Friday as the markets overall tried to rally. However, the “risk on” traders we stymied by the end of the bell as the stock markets ended up fairly flat.
Category: Daily Forex Reports
USD/JPY Forecast December 19, 2011, Technical Analysis
USD/JPY fell on Friday as traders sold off the Dollar in general. The pair did bounce towards the end of the session though, and the resulting candle for the session was a hammer.
EUR/USD Forecast December 19, 2011, Technical Analysis
EUR/USD rose slightly on Friday as traders did a bit of profit taking before the weekend. However, the options markets are showing that the net short positions in the Euro are at all-time highs, suggesting that the...
Will Investors Test the EUR/CHF Floor?
Following the decision by the SNB to keep the EUR/CHF floor unchanged 1.20, the CHF strengthened the most since September. As the European debt crisis comes to a head, perhaps this could be the time investors test...
AUD/USD Forecast December 16, 2011, Technical Analysis
AUD/USD rose during the session on Thursday to retest the parity level as resistance. As the level was former support, this is very common from a technical perspective.
EUR/USD Forecast December 16, 2011, Technical Analysis
EUR/USD had a fairly quiet day during the Thursday session as the 1.30 level came into play to offer support. The area is a major one, and the 1.29 would need to be broken in order to...
GBP/USD Forecast December 16, 2011, Technical Analysis
The GBP/USD pair had a mildly bullish day on Thursday as it sits on the 1.55 support line. The area is actually 200 pips thick, and there is certainly massive support at the region.
USD/CAD Forecast December 16, 2011, Technical Analysis
USD/CAD fell on Thursday as oil markets regained some of the losses they suffered on Wednesday. The pair fell back down to the 1.03 levels, and area that we hoped to find support.
USD/CHF Forecast December 16, 2011, Technical Analysis
USD/CHF fell hard on Thursday as traders reacted to the lack of anything substantial in the Swiss National Bank statement. The markets were anticipating a raising of the floor in the EUR/CHF pair,
USD/JPY Forecast December 16, 2011, Technical Analysis
USD/JPY fell on Thursday as the Dollar got sold off in general. The pair has immense downward pressure on it going back a few years now, and this is why we only sell this pair. In fact,...