USD/JPY Forecast September 5, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Wednesday, but as you can see bounced enough to form a bit of a hammer. This is the second day in a row that we see a bit...
Category: Daily Forex Reports
USD/CAD Forecast September 5, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday as you can see, testing the 1.05 handle significantly. However, this is an area that brings in a bit of support, as does the area all the way...
GBP/USD Forecast September 5, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, breaking the top of the shooting star that had been formed on Tuesday. We have been saying for a while now that we think this market is going...
EUR/USD Forecast September 5, 2013, Technical Analysis
The EUR/USD pair rose during the session on Wednesday, showing that perhaps the hammer that printed on Tuesday is in fact supportive. Now that we are starting to get above the 1.32 level again, it appears that...
AUD/USD Forecast September 5, 2013, Technical Analysis
The AUD/USD pair shot straight up during the session on Wednesday, as you can see breaking well above a significant amount of resistance at the 0.9050 level. However, there still significant resistance of the 0.92 handle, and...
Has EUR/AUD Topped Out? (September 5, 2013)
A double top chart pattern has formed on EUR/AUD’s daily time frame and it appears the pair is revving up for a reversal from its recent climb. The neckline around the 1.4500 handle seems to be broken...
AUD/JPY Double Bottom Breakout (September 4, 2013)
AUD/JPY is showing signs of a reversal from its recent downtrend as it made an upside breakout from the neckline of its double bottom pattern on the daily time frame.
AUDUSD rallies as RBA holds steady, GDP rises
The Australian Dollar has rallied after the Reserve Bank of Australia held key interest rates at 2.50% and made no suggestions of further rate cuts. In addition Australian GDO came in at 0.6% for the second-quarter of...
USD/JPY forecast September 4, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session as the pair has broken out over the last 24 hours. That being said, we have been waiting for daily close above the 99 handle, and we...
USD/CAD Forecast September 4, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but as you can see the 1.05 level continues offer support. This market looks like it’s going to continue higher, but is going to be a bit of...