USD/CAD Forecast November 11, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday as the jobs number came out better than anticipated, but as you can see we gave back enough of the gains that we get back below the 1.05...
Category: Daily Forex Reports
GBP/USD Forecast November 11, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday as the Americans released a better than anticipated jobs numbers. However, the 1.60 level still acts as support, and as a result we closed just above it.
EUR/USD Forecast November 11, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday after the nonfarm payroll numbers came out much stronger than anticipated. However, the gap from the middle of September that is centered on the 1.33 handle offered enough...
AUD/USD Forecast November 11, 2013, Technical Analysis
The AUD/USD pair fell on Friday as the Americans released a stronger than anticipated jobs number, which of course drove the value the US dollar up, and the value of gold down. Remember, the Australian dollar typically...
USDCHF Downtrend Intact (November 8, 2013)
Thanks to the better than expected headline GDP figure released yesterday, USD/CHF surged up to the .9200 major psychological level which was in line with the 50% Fibonacci retracement level and the falling trend line on the...
USD/JPY Forecast November 8, 2013, Technical Analysis
The USD/JPY pair went wild during the session on Thursday after the ECB announced that it was cutting rates. This of course threw the markets into complete disarray as it was complete surprise, and now putting more...
USD/CAD Forecast November 8, 2013, Technical Analysis
The USD/CAD pair rose again during the session on Thursday, continuing the consolidation that we have seen for some time no. Because of this, we feel that this market will continue to grind sideways until the nonfarm...
GBP/USD Forecast November 8, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, slamming into the 1.60 handle again, but bounced enough to form a nice looking hammer. Because of this, it does look like the Pound might get a little...
EUR/USD Forecast November 8, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday as the European Central Bank cut rates unexpectedly. The market actually plunged all the way down to the 1.33 handle, where got a significant bounce and we have...
AUD/USD Forecast November 8, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday, raking back down below the 0.95 handle. However, we did find support at 0.9450 level again, so therefore we feel that this market is simply consolidating.