GBP/USD Forecast September 27, 2013, Technical Analysis
The GBP/USD pair fell for the third day in a row only to pop back up just as it has in the past three days. That being the case, it looks more and more like the 1.60...
Category: Daily Forex Reports
EUR/USD Forecast September 27, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday, but remains around the 1.35 level as the market tends to go sideways. This market does need a pullback a little bit though, is simply been a little...
AUD/USD Forecast September 27, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Thursday, essentially going nowhere. We feel that this market has quite a bit of support at the 0.93 handle, so it’s very likely that the market...
USD/JPY: Rising Channel Support (September 27, 2013)
USD/JPY has been climbing slowly inside a rising channel on its 4-hour time frame, and is currently testing the bottom. In addition, price has formed a bullish divergence with higher lows while stochastic made lower lows, suggesting...
NZD/USD: Break and Retest Scenario (September 26, 2013)
NZD/USD has retreated from its recent rallies, as bulls are unable to take the pair significantly past the .8400 major psychological resistance.
USD/JPY Forecast September 26, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, but really didn’t go anywhere in the end. Because of this, we feel that this market will continue to consolidate and grind sideways in the near-term, and possibly...
USD/CAD Forecast September 26, 2013, Technical Analysis
The USD/CAD pair rose slightly during the session after initially falling on Wednesday, forming a relatively decent looking hammer. We believe that the market is trying to grind higher, but that’s the key phrase “grind.”
GBP/USD Forecast September 26, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, bouncing off the 1.60 handle, proving it to be very supportive. This is the break of a hammer from the previous day that we have been waiting for...
EUR/USD Forecast September 26, 2013, Technical Analysis
The EUR/USD pair rose during the session on Monday, breaking back above the 1.35 handle. This market looks bullish, we still need to get above the shooting star from last week in order to feel comfortable going...
AUD/USD Forecast September 26, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday, breaking down to the 0.9350 handle. However, we got enough of a bounce in order to form a hammer, and it does look like the market is ready...