AUD/USD Major Pullback (December 2, 2013)
After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff.
Category: Daily Forex Reports
USD/JPY Forecast December 2, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, essentially settling nothing by the end of the day. However, this market is decidedly bullish, and therefore we will not short it. We would love...
USD/CAD Forecast December 2, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Friday, but as you can see has bounced high enough to break above the 1.06 handle on the daily close for the first time in ages.
GBP/USD Forecast December 2, 2013, Technical Analysis
The GBP/USD pair initially fell during the session on Friday, but as you can see gained enough to form a hammer at the top of the most recent parabolic move in this market that has been very...
EUR/USD Forecast December 2, 2013, Technical Analysis
The EUR/USD pair initially try to go higher during the session on Friday, but as you can see the area above the 1.36 level offered far too much resistance, and the market pullback in order to form...
AUD/USD Forecast December 2, 2013, Technical Analysis
The AUD/USD pair tried to rally during the session on Friday, but as you can see gave back quite a bit of the gains. The real thing to pay attention to is the fact that we did...
GBP/USD Long-Term Rally (November 29, 2013)
After months of consolidation inside a 300-pip range, GBP/USD finally made an upside breakout as it reached the 1.6350 minor psychological level recently. This could mean that more gains are in the cards, as the next resistance...
USD/JPY Forecast November 29, 2013, Technical Analysis
The USD/JPY pair fell initially during the session on Thursday, but as you can see rallied enough to form a hammer. This hammer of course suggests that there is more buying to come, and a break of...
USD/CAD Forecast November 29, 2013, Technical Analysis
The USD/CAD pair struggled during the session on Thursday, as the 1.06 level offers resistance though. However, you have to keep in mind that with the Thanksgiving holiday in America, the liquidity in this market would have...
GBP/USD Forecast November 29, 2013, Technical Analysis
The GBP/USD pair rallied during the session on Thursday, breaking above the 1.63 handle. This is an area that we said had to be cleared in order for us to become overly bullish of this market, which...