Speculators Heavy USD Buyers
CFTC Commitments of Traders (COT) Report 05 November 2013, published 08 October 2013, Technical Analysis. For the first time in nine weeks, spec long positions in the USD has increased.
Category: Daily Forex Reports
EUR/JPY Rally Over? (November 13, 2013)
Despite the recent ECB interest rate cut, EUR/JPY has still managed to rally in the past few days. The pair has already climbed up to the 61.8% Fibonacci retracement level on the latest swing high and low...
NZD/USD Head and Shoulders (November 12, 2013)
NZD/USD seems to have completed the head and shoulders formation on the 4-hour time frame, pending a break below the neckline around .8225. The pattern is roughly 300 pips in height, which suggests that the resulting breakdown...
USD/JPY Forecast November 12, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, but as you can see bounced enough to form a hammer. This hammer of course suggests that we are going to go higher, but at this moment in...
USD/CAD Forecast November 12, 2013, Technical Analysis
The USD/CAD pair did almost nothing during the session on Monday, pulling back just slightly but in the end essentially deciding nothing. The 1.05 level just above is resistance, and if we can get above that level,...
GBP/USD Forecast November 12, 2013, Technical Analysis
The GBP/USD pair fell slightly during the session on Monday, staying just below the 1.60 handle. This area is the epicenter of the larger consolidation range, and as a result we think that this market will probably...
EUR/USD Forecast November 12, 2013, Technical Analysis
The EUR/USD pair rose during the session on Monday, breaking back above the 1.34 handle at one point in time. In fact, the market looks like it’s ready to try and attempt to reach the 1.35 handle...
AUD/USD Forecast November 12, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday, hovering above the 0.9350 level. We still see the 0.93 level as supportive, and as long as we are above that, we are not comfortable...
USD/JPY Symmetrical Triangle Breakout (November 11, 2013)
After months of consolidation, USD/JPY finally seems ready to break out of its symmetrical triangle. As you can see on the pair’s daily chart, a long green candlestick has already closed above the triangle resistance, hinting that...
USD/JPY Forecast November 11, 2013, Technical Analysis
The USD/JPY pair rose during the session on Friday after the nonfarm payroll numbers in America came out much stronger than anticipated. This of course means that the Federal Reserve is probably just a little bit closer...