GBP/USD: 1.6150 Support? (October 2, 2013)
GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher.
Category: Daily Forex Reports
USD/JPY Forecast October 2, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see respected the bottom part of the triangle that we have been talking about the last couple of sessions. Because of this, we feel...
USD/CAD Forecast October 2, 2013, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Tuesday, but as you can see found enough support near the 1.03 handle in order to bounce and form a nice looking hammer. This hammer of...
GBP/USD Forecast October 2, 2013, Technical Analysis
The GBP/USD pair attempted to rally during the session on Tuesday, but as you can see had formed a shooting star at the 1.62 handle as resistance be too strong for the buyers seemed too strong for...
EUR/USD Forecast October 2, 2013, Technical Analysis
The EUR/USD pair tried to rally during the session on Tuesday, but as you can see gave up all of the gains in order to form a wicked shooting star that signals we aren’t quite ready to...
AUD/USD Forecast October 2, 2013, Technical Analysis
The AUD/USD pair rose during the session on Tuesday, fulfilling the idea that a break of the shooting star from the Monday session would be a very positive sign. We believe that the market is now heading...
USD/JPY Channel Breakdown (October 1, 2013)
USD/JPY has been trading inside a rising channel for quite some time but the range broke earlier this week. This suggests that a downtrend might be in the works, possibly after a quick retest of the broken...
USD/JPY Forecast October 1, 2013, Technical Analysis
The USD/JPY pair fell initially on a gap lower at the open on Monday, but as you can see filled that gap during the rest of the day. That being the case, the campus now filled and...
USD/CAD Forecast October 1, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but found enough support near the 1.0270 handle in order to bounce and form a nice looking hammer. This hammer is essentially focused on the 1.03 area, and...
GBP/USD Forecast October 1, 2013, Technical Analysis
The GBP/USD pair initially fell during the session on Monday, but as you can see found enough support to bounce and form a relatively nice looking hammer. This hammer of course suggests that we are going higher,...