AUD/USD: NFP Straddle Setup (January 10, 2014)
AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that...
Category: Daily Forex Reports
USD/JPY Forecast January 10, 2014, Technical Analysis
USD/JPY went back and forth on Thursday, essentially hovering below the 105 handle. This is not much of a surprise as the nonfarm payroll numbers come out later today, which of course greatly influences this pair of...
USD/CAD Forecast January 10, 2014, Technical Analysis
The USD/CAD pair rose during the session on Thursday, but as you can see struggle that once we get close to the 1.09 handle. The resulting candle is a shooting star, which of course is a very...
GBP/USD Forecast January 10, 2014, Technical Analysis
The GBP/USD pair rose during the session on Thursday, but found the 1.65 level resistive yet again. Because of this, the market pulled back slightly but still looks like it is going to struggle to get above...
EUR/USD Forecast January 10, 2014, Technical Analysis
The EUR/USD pair rose during the session on Thursday, slamming into the 1.36 level. This market shows that the 1.3550 level has supportive again, and as a result I believe that this market is going to grind...
AUD/USD Forecast January 10, 2014, Technical Analysis
The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see found the 0.89 level supportive enough to form a hammer. It is this pair that could be greatly influenced by...
USD/CHF Descending Trend Line Break (January 9, 2014)
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that...
USD/JPY Forecast January 9, 2014, Technical Analysis
The USD/JPY pair has been one that we been very bullish of for a significant amount of time now, and as you can see it has enjoyed a nice rally since the beginning of November. That being...
USD/CAD Forecast January 9, 2014, Technical Analysis
The USD/CAD pair rose during the session on Wednesday, breaking above the 1.08 handle for the first time in ages. This market appears like it’s ready to continue going higher, and therefore we are looking for short-term...
GBP/USD Forecast January 9, 2014, Technical Analysis
The GBP/USD pair rose during the session on Wednesday as we approach the 1.65 handle again. This is an area that we think will be overcome sooner or later, but do recognize the fact that the large,...