EUR/USD Forecast August 23, 2013, Technical Analysis
The EUR/USD pair fell during the balance of the session on Thursday, but as you can see bounced enough in order to form a nice looking hammer just above the 1.3350 handle.
Category: Daily Forex Reports
AUD/USD Forecast August 23, 2013, Technical Analysis
The AUD/USD pair rose during the session on Thursday, as you can see bouncing around the 0.90 handle. In the end though, this area did prove to be somewhat supportive, so we think that this market could...
GBP/JPY: Moving Sideways (August 22, 2013)
GBP/JPY’s longer-term range is still holding for now, as the pair is having trouble breaking past resistance right below the 154.00 major psychological level. Stochastic has shown a bearish divergence, hinting at a move down south.
USD/JPY Forecast August 22, 2013, Technical Analysis
The USD/JPY pair rose during the session on Wednesday, after the Federal Reserve released the minutes from the last meeting that suggested that perhaps some of the board members are behind Ben Bernanke he and his tapering...
USD/CAD Forecast August 22, 2013, Technical Analysis
The USD/CAD pair rose during the session on Wednesday, as we have now cleared the 1.0450 level in order to start buying. The buy signal at this point in time is a simple break of the highs...
GBP/USD Forecast August 22, 2013, Technical Analysis
The GBP/USD pair tried to rally during the session on Wednesday, but as you can see failed and formed a shooting star. This of course is a very negative sign, and the fact that the shooting star...
EUR/USD Forecast August 22, 2013, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, as the US dollar gained a little bit of a boost from the minutes that were released out of the Federal Reserve from the last meeting.
AUD/USD Forecast August 22, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday as you can see, but more importantly found the 0.90 level supportive enough in order to form a hammer. This candle suggests that we are going to bounce...
Fed Offers No Hints on Tapering
The latest Fed minutes have been released and there have been no new hints on tapering. Investors are increasingly nervous and impatient after Bernanke mentioned the much dreaded ‘t-word’; tapering. Currently the U.S. wastes $85 Billion per...
USD/JPY Forecast August 21, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see really didn’t go too far. We think that this market is essentially in a bit of a malaise at the moment, and probably...