EUR/USD Forecast September 20, 2013, Technical Analysis
The EUR/USD pair had an interesting session on Thursday as we poked above the 1.35 handle, but found ourselves coming back and forming a shooting star.
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AUD/USD Forecast September 20, 2013, Technical Analysis
The AUD/USD pair fell during the session bouncing back down from the 0.95 handle. This area of course has been resistive in the past, and we did suggest that perhaps it would be again this time.
Risk Currencies Celebrate
The Bernanke U-turn on tapering has bumped up risk currencies. Where to next for the EUR, AUD?
GBP/USD: Bullish Pennant (September 19, 2013)
GBP/USD staged a strong rally yesterday, thanks to the upbeat BOE minutes and the Fed’s decision against tapering. This was enough to push GBP/USD past the upward channels on the 1-hour and 4-hour time frames.
USD/JPY Forecast September 19, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Wednesday after the Federal Reserve announced that it was not going to taper off of quantitative easing. That being the case, this of course punish the US dollar...
USD/CAD Forecast September 19, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, breaking below the 1.03 handle cleanly. This is predicated mainly upon the Federal Reserve tapering being put off, and with that being said the US dollar got absolutely...
GBP/USD Forecast September 19, 2013, Technical Analysis
The GBP/USD pair shot straight up during the session on Wednesday in reaction to the Federal Reserve and the announcement the tapering was not going to happen. Because of that, it’s the obvious that this market is...
EUR/USD Forecast September 19, 2013, Technical Analysis
The EUR/USD pair shot straight up during the session and broke above the 1.35 handle as the Federal Reserve announced that it was not going to taper off anytime soon. Because of this, you can expect US...
AUD/USD Forecast September 19, 2013, Technical Analysis
The AUD/USD pair rose during the session after the Federal Reserve announced that it was not going to start tapering off of quantitative easing. Because of this, it makes sense that the markets of course punish the...
USD/JPY Forecast September 18, 2013, Technical Analysis
The USD/JPY pair tried to rally during the session on Tuesday, but as you can see ran into serious trouble once the gap was filled from past sessions. The resulting candle is a shooting star in this...