AUD/USD Forecast April 7, 2014, Technical Analysis
The AUD/USD pair rose during the session on Friday, breaking above the 0.9250 handle. Because of this, it appears the market is in fact going to try and go higher, so a break of the highs for...
Category: Daily Forex Reports
USD/JPY Forecast April 4, 2014, Technical Analysis
The USD/JPY pair tried to rally during the session on Thursday, but as you can see lost most of the gains by the time we closed at the end of the day. The 104 level proved to...
USD/CAD Forecast April 4, 2014, Technical Analysis
The USD/CAD pair fell during a majority the session on Thursday, but as you can see bounced off of the 1.10 level yet again in order to prove it to be very supportive. We feel that the...
GBP/USD Forecast April 4, 2014, Technical Analysis
The GBP/USD pair had a pretty volatile session on Thursday, but ultimately settled on selling off for the day. This market looks like it’s trying to continue to go lower, perhaps trying to reach the 1.65 level....
EUR/USD Forecast April 4, 2014, Technical Analysis
The EUR/USD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level. That area has been supportive several times now, and as a result we think...
AUD/USD Forecast April 4, 2014, Technical Analysis
The AUD/USD pair fell during most of the session on Thursday, but found enough support to turn things back around and form a hammer. They hammer of course is a sign of bullishness, but we can some...
Watching USD/JPY’s Channel During the NFP (April 4, 2014)
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the...
AUD/USD Double Top Pattern (April 3, 2014)
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225...
NFP Report Less Than 48 Hours Away – Paxforex
The non-farm payroll report or NFP report will be released in less than 48hours and many market participants look forward to this report in order to guide them through the rest of the trading month. January’s report...
NZD/USD Trend Line Test (April 2, 2014)
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZD/USD’s uptrend is still intact. The pair is currently testing the rising trend...