GBP/USD Potential Bounce (January 31, 2014)
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom...
Category: Daily Forex Reports
GBP/USD Forecast January 31, 2014, Technical Analysis
The GBP/USD pair fell during the session on Thursday, slicing through the 1.65 handle. The market does have quite a bit of support below that area though, and as a result we got a bit of a...
EUR/USD Forecast January 31, 2014, Technical Analysis
The EUR/USD pair fell hard during the session on Thursday, testing the 1.3550 level. This area has been supportive in the past, and as a result we feel that this market could seriously trying support down at...
AUD/USD Forecast January 31, 2014, Technical Analysis
The AUD/USD pair fell during the beginning part of the session on Thursday, but turned around and formed a hammer. This hammer, although it looks to be supportive, appears to us to be more consolidation than anything...
NZD/USD Approaching Range Support (January 30, 2014)
The RBNZ decided to keep interest rates unchanged at 2.50%, much to the disappointment of Kiwi bulls expecting to see policy tightening. The pair sold off after the event but might be due to find support at...
USD/JPY Forecast January 30, 2014, Technical Analysis
The USD/JPY pair fell hard during the session on Wednesday, testing the 102 level. The market did find buyers there, so it appears that there are at least enough people that believe in the uptrend to keep...
USD/CAD Forecast January 30, 2014, Technical Analysis
The USD/CAD pair initially fell during the session on Wednesday, but found enough support below the 1.11 level in order to bounce and form a hammer. This was especially interesting considering that was the FMOC meeting day...
GBP/USD Forecast January 30, 2014, Technical Analysis
The GBP/USD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is the second day in a row we have seen as, but it does suggest that the 1.65 level...
EUR/USD Forecast January 30, 2014, Technical Analysis
The EUR/USD pair fell during the session on Wednesday in preparation for the FMOC release. However, later on in the day we did in fact bounce enough to form a hammer, which of course is a significant...
AUD/USD Forecast January 30, 2014, Technical Analysis
The AUD/USD pair tried to break above the 0.8 level during the session on Wednesday, but as you can see the market pushed back down as the Australian dollar continues to struggle. This would’ve been exacerbated by...