AUD/USD Forecast March 9, 2012, Technical Analysis
The AUD/USD pair rose on Thursday as the hammer from the Wednesday session triggered a lot of buying in this bullish market. The 100 day EMA is just below, and looks as if it has acted as...
Author: FX Empire
EUR/USD Forecast March 9, 2012, Technical Analysis
The EUR/USD pair got a nice boost for the session on Thursday as traders tried to get in front of the announcement of participation rates in the Greek bond swap. The market looks as if it is...
GBP/USD Forecast March 9, 2012, Technical Analysis
The GBP/USD pair took off during the session on Thursday as the “risk on” trade came back into vogue. The 1.58 level has been violated, but quite frankly it is just an “average price” for the pair.
USD/CAD Forecast March 9, 2012, Technical Analysis
The USD/CAD pair fell on Thursday as the “risk on” trade came back in anticipation of the Greek bond swap deal. The oil markets also rose a bit during the session, and the Canadian dollar found a...
EUR/USD Forecast March 8, 2012, Technical Analysis
The EUR/USD pair has a very slightly positive session on Wednesday as the market took a bit of a breather ahead of today’s important announcement on participation in the Greek bond haircuts.
USD/JPY Forecast March 8, 2012, Technical Analysis
The USD/ JPY pair bounced nicely in a show of strength on Wednesday, after falling on Tuesday. The pair has recently been very bullish as the Bank of Japan announced an expansion of the bond buying program...
GBP/USD Forecast March 8, 2012, Technical Analysis
The GBP/USD pair has a reasonably quiet day on Wednesday as the markets await the result of the decision by private bondholders of Greek debt. While this is mainly a European problem, the British are heavily exposed...
USD/CHF Forecast March 8, 2012, Technical Analysis
The USD/CHF pair fell a bit during the Wednesday session, pulling back from the 0.92 handle. The pair has been very bullish as of late, so this kind of reaction at a major handle will do little...
AUD/USD Forecast March 8, 2012, Technical Analysis
The AUD/USD pair fell during the session on Wednesday, but managed a bounce later in the session at the 1.05 level to form a hammer. This suggests to us that the pair is ready to continue the...
USD/CAD Forecast March 8, 2012, Technical Analysis
The USD/CAD pair fell from the parity level on Wednesday as the resistance held true. However, there is a ton of support below, and at varying levels all the way down to the 0.97 handle. With this...