USD/JPY Forecast April 4, 2014, Technical Analysis
The USD/JPY pair tried to rally during the session on Thursday, but as you can see lost most of the gains by the time we closed at the end of the day. The 104 level proved to...
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USD/CAD Forecast April 4, 2014, Technical Analysis
The USD/CAD pair fell during a majority the session on Thursday, but as you can see bounced off of the 1.10 level yet again in order to prove it to be very supportive. We feel that the...
GBP/USD Forecast April 4, 2014, Technical Analysis
The GBP/USD pair had a pretty volatile session on Thursday, but ultimately settled on selling off for the day. This market looks like it’s trying to continue to go lower, perhaps trying to reach the 1.65 level....
EUR/USD Forecast April 4, 2014, Technical Analysis
The EUR/USD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level. That area has been supportive several times now, and as a result we think...
AUD/USD Forecast April 4, 2014, Technical Analysis
The AUD/USD pair fell during most of the session on Thursday, but found enough support to turn things back around and form a hammer. They hammer of course is a sign of bullishness, but we can some...
Watching USD/JPY’s Channel During the NFP (April 4, 2014)
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the...
AUD/USD Double Top Pattern (April 3, 2014)
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225...
USDCAD Daily Analysis – April 3, 2014
USDCAD moved sideways in a narrow range between 1.1000 and 1.1077. Resistance is at 1.1077, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.1278,...
USDCHF Daily Analysis – April 3, 2014
USDCHF stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8699. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8950...
USDJPY Daily Analysis – April 3, 2014
USDJPY remains in uptrend from 101.72. Further rise could be expected after a minor consolidation, and next target would be at 104.50 area. Support is at 103.10, only break below this level could signal completion of the...