USD/CAD Forecast March 7, 2012, Technical Analysis
USD/CAD Rose again during the session on Tuesday as the oil markets sold off. This is the normal correlation between these two markets, and as a result no big surprise.
Author: FX Empire
AUD/USD Forecast March 7, 2012, Technical Analysis
AUD/USD fell on Tuesday, breaking below the bottom of recent consolidation. The 1.06 level giving way was indeed interesting, but in reality the major support that should continue to see this pair higher is at the 1.04...
USD/CHF Forecast March 7, 2012, Technical Analysis
USD/CHF rose during the session on Tuesday as it has been doing lately. The pair has seen a lot of strong buying come into the market since bouncing from the 61.8% Fibonacci level, and the pair looks...
GBP/USD Forecast March 7, 2012, Technical Analysis
The GBP/USD pair fell hard on Tuesday as the “risk off” trade came back into play. There is serious concern about whether or not there will be enough participation in the “voluntary” debt write downs by bondholders...
USD/JPY Forecast March 7, 2012, Technical Analysis
USD/JPY fell during the session on Tuesday as the “risk off” trade came back due to Greek fears, and the news that several economies are reporting a slowdown in such places as Europe, China, and Brazil. With...
EUR/USD Forecast March 7, 2012, Technical Analysis
The EUR/USD fell again on Tuesday as the markets continue to worry about bond holders participation in “voluntary” haircuts in Greek bonds. If there isn’t enough participation,
EUR/USD Forecast March 6, 2012, Technical Analysis
The EUR/USD pair rose slightly during the Monday session as the selloff that we saw last week took a bit of a breather. The area that the pair sits in at the moment is the start of...
USD/CAD Forecast March 6, 2012, Technical Analysis
The USD/CAD pair rose on Monday as the price of oil sat fairly still. The market is now entering the recent consolidation area of 0.99 to 1.0050 or so. This should offer a bit of resistance, but...
AUD/USD Forecast March 6, 2012, Technical Analysis
The AUD/USD pair fell during the Monday session as the consolidation in this market continued. The 1.08 level has continued to show real strength as a resistive level, and the 1.06 level has been very supportive at...
USD/CHF Forecast March 6, 2012, Technical Analysis
The USD/CHF pair fell a bit during the Monday session, after skyrocketing the couple of sessions before that. The 0.91 level has been broken above and we think this area should offer at least some support, all...