EUR/CHF Testing Long-Term Support (December 10, 2013)
EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level.
Category: Daily Forex Reports
USD/JPY Forecast December 10, 2013, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, but turned around and found support at the 103 level before bouncing even higher. The market ended up forming a hammer for the session, and as a...
GBP/USD Forecast December 10, 2013, Technical Analysis
The GBP/USD pair exploded to the upside during the session on Monday, but remains stuck just below the 1.6450 level yet again. This area is going to be a bit of a difficult area to get through,...
AUD/USD Forecast December 10, 2013, Technical Analysis
The AUD/USD pair did almost nothing during the session on Monday, continuing the consolidation that we’ve seen recently. The real question now is whether or not this is accumulation, or simply a bit of sideways action before...
USD/JPY Forecast December 9, 2013, Technical Analysis
The USD/JPY pair shot straight up during the session on Friday in response to the slightly better than anticipated jobs number out of the United States. This has the market looking for the Federal Reserve to taper...
USD/CAD Forecast December 9, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll numbers. This market looks like it’s essentially ready to go sideways for a little while longer, and the 1.06...
GBP/USD Forecast December 9, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll number, and as you can see we really haven’t done much ultimately. It looks as if this market is...
EUR/USD Forecast December 9, 2013, Technical Analysis
The EUR/USD pair initially fell during the session on Friday, but as you can see rocketed higher in order to go above the 1.37 level. The resulting candle is a hammer, and it suggests that the market...
AUD/USD Forecast December 9, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but as you can see the 0.90 level offered enough support to push the market much higher. Ultimately, we close that the 0.91 handle, and formed a hammer...
AUD/USD Retracement Scenario (December 6, 2013)
AUD/USD has broken down to new lows yet again, dipping below the .9050 minor psychological support thanks to stronger than expected U.S. GDP data. This was enough to revive taper expectations for the FOMC meeting in December,...