GBP/JPY Trend Line Bounce (October 14, 2013)
GBP/JPY is still on a steady uptrend on its longer-term time frame, despite the selloff seen in the past few weeks. The pair has just bounced off the rising trend line on the daily time frame after...
Category: Daily Forex Reports
USD/JPY Forecast October 14, 2013, Technical Analysis
The USD/JPY pair rose again for the session on Friday, stopping at the 98.53 level. This is the very bottom of the pennant that we had been trading in, so it’s interesting to see whether or not...
USD/CAD Forecast October 14, 2013, Technical Analysis
The USD/CAD pair fell hard during the session on Friday, smashing through the bottom of the hammer that had formed on Thursday. That turns that hammer into a bit of a “hanging man”, but in the end...
GBP/USD Forecast October 14, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Friday, but as you can see essentially went nowhere. What’s most interesting is that we are still underneath the 1.60 handle, an area that should be...
EUR/USD Forecast October 14, 2013, Technical Analysis
The EUR/USD pair rose during the session on Friday, but gave back about half the gains in order to form something along the lines of the shooting star. That being the case, looks like the market struggle...
AUD/USD Forecast October 14, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, breaking the top of the hammer from the Thursday session, however you can see that we are still below the 0.95 handle, and as a result we are...
USD/JPY Trend Line Retest (October 11, 2013)
USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over. Before heading any lower though, USD/JPY could still retrace to the broken support zone.
Long-Term Range on GBP/AUD (October 10, 2013)
GBP/AUD has been moving sideways on its 4-hour chart, as it found support at 1.6900 and resistance at 1.7400.
British Pound Sterling Hammered by Economic Data – PaxForex
The British Pound Sterling has enjoyed a nice and strong rally against major currency pairs. It has launched a rally which stretched over 1,500 pips over a few short months as many traders believed the UK will...
CAD/JPY Downtrend Line (October 9, 2013)
CAD/JPY’s downtrend is still very much intact, as the falling trend line connecting the price’s highs is still holding on the 1-hour time frame. The pair just made a couple of tests of the trend line earlier...