What one big bear has been waiting for
Most investors are complacent — they do not want to hear what bears have to say. Not You! You know the value of seeing both sides of the big picture. And maybe you are already wondering how...
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How strong is the Chinese economy? – Paxforex
There have been quite a few economic reports released over the past three trading days which painted an economic picture in China which is not reflected in many asset prices. Despite lackluster economic data traders have for...
USD/JPY Forecast April 16, 2014, Technical Analysis
The USD/JPY pair fell initially during the session on Tuesday, but found support down near the 101.50 level yet again. This area has been very strong for some time now, and as a result it doesn’t surprise...
USD/CAD Forecast April 16, 2014, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, but fell 1.10 level to be resistive enough to keep the market down. The resulting shooting star course is a negative sign, and as a result we feel...
GBP/USD Forecast April 16, 2014, Technical Analysis
The GBP/USD pair fell during a significant portion of the session on Tuesday, but as we have seen time and time again, the market finds buyers below. With that, we find this market to be bullish, and...
EUR/USD Forecast April 16, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday, forming a very neutral candle. Because of this, we feel that the market simply isn’t going to do my share, and quite frankly is probably...
AUD/USD Forecast April 16, 2014, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, breaking down to the 0.9350 level. However, we feel that the market could drop a little bit from here, probably to the 0.93 handle first, and then possibly...
USDCAD Daily Analysis – April 16, 2014
USDCAD’s upward movement from 1.0857 extended to as high as 1.1013. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels...
USDCHF Daily Analysis – April 16, 2014
USDCHF broke above 0.8805 resistance, indicating that the downtrend from 0.8952 had completed at 0.8743 already. Range trading between 0.8743 and 0.8850 would likely be seen over the next several days. Key support is at 0.8743, only...
USDJPY Daily Analysis – April 16, 2014
USDJPY failed to break below 101.20 support and rebounded from 101.32. Range treading between 101.32 and 102.40 would likely be seen over the next several days. Resistance is at 102.40, as long as this level holds, the...