USD/CAD Forecast March 20, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the “risk off” trade came back into play. The move was in line with the recent bullishness that we have seen, and as a result we are...
Author: FX Empire
GBP/USD Forecast March 20, 2013, Technical Analysis
For the third trading session in a row, this pair has formed a shooting star on Tuesday. This shooting star gravitates around the 1.51 handle, and as a result it does look like this market is setting...
EUR/USD Forecast March 20, 2013, Technical Analysis
The EUR/USD pair fell during the session on Tuesday, as the bearishness from the late Monday trading continued. Exaggerating this was the fact that the Cypriot Parliament voted against the so-called “deposit tax” that the troika demanded...
AUD/USD Forecast March 20, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday as the 1.04 level offered far too much resistance. We had suggested previously that perhaps this level was going to be resistant, and that the 1.03 level could...
USD/JPY Forecast March 19, 2013, Technical Analysis
The USD/JPY pair fell initially during the opening hours of the Monday session, but as you can see bounced back above the 95 handle. The 95 handle is especially interesting in this pair, as Prime Minister Abe...
USD/CAD Forecast March 19, 2013, Technical Analysis
The USD/CAD pair fell during the session after initially gapping higher on Monday, in reaction to the banking situation in Cyprus. However, we still maintain the thesis that this market needs to pull back to the 1.01...
GBP/USD Forecast March 19, 2013, Technical Analysis
The GBP/USD pair did very little during the session on Monday, as the rest of the currency world bounced around quite a bit. However, what’s interesting is the fact that this market could not gain traction, and...
EUR/USD Forecast March 19, 2013, Technical Analysis
The EUR/USD pair gapped lower at the open on Monday, but as you can see spent most of the day clawing back to recapture most of the losses. However, interestingly enough we sell the 1.30 level offer...
AUD/USD Forecast March 19, 2013, Technical Analysis
The AUD/USD pair broke higher during the session on Wednesday after first gapping lower. However, the 1.04 level is where we stopped, an area of significant resistance. Because of this, we are necessarily thinking that there is...
USD/JPY Forecast March 18, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, but found the 95 handle as supportive. We are still widely bullish of this market, and as a result we want to see some type of supportive candle...