NZD/JPY Range Setup (November 7, 2013)
NZD/JPY is about halfway through in climbing to the top of its range on the 4-hour time frame. The pair is approaching the 83.50 minor psychological level, which could hold as resistance.
Category: Daily Forex Reports
USD/JPY Forecast November 7, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday, but as you can see remains stuck just underneath the 99 handle. The Bank of Japan will continue to try and alleviate the pressure on...
USD/CAD Forecast November 7, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, but remains above the 1.04 handle which of course is very supportive. That being the case, we feel that this market more than likely will bounce, and it...
GBP/USD Forecast November 7, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, but fell back from the 1.6150 region to form a shooting star. The shooting star of course is very signal, but we do not think that this market...
EUR/USD Forecast November 7, 2013, Technical Analysis
The EUR/USD pair rose during the session on Wednesday, breaking the top of the two hammers from the Monday and Tuesday session. This of course is a very bullish sign, and as a result we think that...
AUD/USD Forecast November 7, 2013, Technical Analysis
The AUD/USD pair went higher during the session on Wednesday, but as you can see still remains right around the 0.95 handle. It would not surprise us at all if this market decided to stay in this...
NFP Report Expectations – PaxForex
On Friday we will get the non-farm payroll report for the month of October. Traders will anticipate this report as it will not only give an insight on the labor market, but could also provide more clarity...
GBP/USD Rally Continuation? (November 6, 2013)
GBP/USD bounced off the established support level around 1.5950 in yesterday’s trading, as the UK printed a better than expected services PMI figure. The pair was also able to break above the 1.6000 major psychological level then...
USD/JPY Forecast November 6, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see found enough support just above the 98 handle in order to bounce and form a nice looking candle. This candle of course shows...
USD/CAD Forecast November 6, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. The 1.04 level looks very supportive now, and as a result it does not surprise us that...