USD/CHF Forecast January 3, 2012, Technical Analysis
USD/CHF continues to grind sideways after a fairly quiet session on Monday. The pair did fall originally, but just like the session on Friday, it bounced to form a hammer above the 0.93 level.
Author: FX Empire
GBP/USD Forecast January 3, 2012, Technical Analysis
GBP/USD went basically unchanged for the Monday session as traders went back and forth in a 100 pip range. The pair currently resides in the 1.55 area, and this level has been very important lately.
USD/JPY Forecast January 3, 2012, Technical Analysis
USD/JPY was fairly quiet on Monday as traders started to come back from the holidays. The pair fell, but only slightly so. The 77 handle has been broken to the downside, and the support is just now...
EUR/USD Forecast January 3, 2012, Technical Analysis
EUR/USD had a very flat day on Monday as traders simply aren’t back in force from the holidays yet. With very little in the way of news to move the markets, they basically sat still during the...
AUD/USD Forecast December 30, 2011, Technical Analysis
AUD/USD bounced on Thursday as the “risk on” trade came back into vogue. The market is very schizophrenic in its behavior lately, so this bounce isn’t a surprise anymore.
EUR/USD Forecast December 30, 2011, Technical Analysis
The EUR/USD fell during the session on Thursday after the Italian 10 year bond auctions came out with a lackluster performance. The yield was just under 7%, but the after auction trading in the secondary markets saw...
GBP/USD Forecast December 30, 2011, Technical Analysis
GBP/USD fell on Thursday as the Italian bond auction didn’t go as well as expected. This pushed riskier assets down, but the follow thorough just wasn’t there in this pair. Because of this, we saw the pair...
USD/CAD Forecast December 30, 2011, Technical Analysis
USD/CAD fell on Thursday as the oil markets rebounded from the Wednesday fall. The pair looks as if it is sitting on top of a massive support zone, and the fall on Thursday could have been exacerbated...
USD/CHF Forecast December 30, 2011, Technical Analysis
The USD/CHF pair originally rose during the session on Thursday, but fell later in the day as the Italians managed to get the auction off on their 10 year bonds. The yields were at just under 7%,...
USD/JPY Forecast December 30, 2011, Technical Analysis
USD/JPY fell during the Thursday session as the Dollar lost ground against many of the major currencies around the world. The pair has been forming a massive triangle over the last several weeks, and the bottom support...