Forex Major Currencies Outlook (August 12, 2013)
USD The dollar bounced back to action against some of its counterparts on Friday, as traders booked profits off their short trades ahead of the weekend.
Category: Daily Forex Reports
EUR/USD: Short-Term Trend Setup (August 12, 2013)
EUR/USD is still in a strong uptrend on its 1-hour time frame, as seen from the rising trend line that connects the price’s lows. It appears that another test of the trend line could take place within...
USD/JPY Forecast August 12, 2013, Technical Analysis
The USD/JPY pair fell during the Friday session, but as you can see did not clear the bottom of the hammer from Thursday, showing that there is at least some support in the form of 96. However,...
USD/CAD Forecast August 12, 2013, Technical Analysis
The USD/CAD pair fell during the session on Friday, but as you can see we are still in the middle of a bunch of support. This pair will be choppy, and quite frankly we would not be...
GBP/USD Forecast August 12, 2013, Technical Analysis
The GBP/USD pair did very little on the Friday session, as we sit just above the 1.55 handle. This area of course is a significant round number, so of course we are not surprised see some type...
EUR/USD Forecast August 12, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday, completing a bounce off of the downtrend line that is the top of the descending triangle that we have been in. That being the case, we feel that...
AUD/USD Forecast August 12, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, heading towards the 0.93 handle. That being the case, we feel that this market will more than likely try and find resistance in that general vicinity.
Forex Major Currencies Outlook (August 8, 2013)
USD The U.S. dollar weakened against most of its counterparts in yesterday’s trading, as risk appetite continued to stay in the markets. EUR/USD climbed above the 1.3300 handle while GBP/USD reached 1.5500.
USD/JPY: Support Turned Resistance (August 8, 2013)
USD/JPY just broke below a key support level, as dollar weakness continued to dominate price action in yesterday’s trading. After that strong drop though, USD/JPY might retrace for a bit before heading any lower.
USD/JPY Forecast August 8, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, heading towards the 96.50 handle. However, you can see that there is a significant way to go to hit the 95 handle, the area that we think is...