USDJPY Analysis – September 8, 2013
USDJPY is forming a sideways movement in a range between 93.79 and 103.73. The sideways movement is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low).
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AUDUSD Analysis – September 8, 2013
AUDUSD failed to break below 0.8847 support and stayed in a trading range between 0.8847 and 0.9344. As long as 0.9344 key resistance holds, the price action in the range could be treated as consolidation of the...
GBPUSD Analysis – September 8, 2013
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, the fall from 1.5717 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
EURUSD Analysis – September 8, 2013
EURUSD’s fall from 1.3451 extends to as low as 1.3105. Further decline is still possible, and next target would be at 1.3000 area. However, the fall is likely correction of the uptrend from 1.2756, another rise towards...
USD/JPY Forecast September 9, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Friday, as the nonfarm payroll number came out lighter than expected. However, the 99 handle did offer support, and we believe that the real action will be had...
USD/CAD Forecast September 9, 2013, Technical Analysis
The USD/CAD pair got hit very hard during the session on Friday as the nonfarm payroll numbers came out weaker than anticipated. On top of that, Canadian employment numbers came out stronger than anticipated, so this of...
GBP/USD Forecast September9, 2013, Technical Analysis
The GBP/USD pair tried to rally during the session on Friday, and although it did keep some of the gains you can see that it gave back quite a bit of the gains later in the day....
EUR/USD Forecast September 9, 2013, Technical Analysis
The EUR/USD pair had a positive session on Friday, as the market went back in the Euro’s favor after a poor jobs number out United States. This is more or less a move suggesting that the Federal...
AUD/USD Forecast September 9, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, breaking above the 0.92 level at one point in time. This shows strength, but there is a certain amount of bearishness left in this pair as we approach...
Trading the NFP with EUR/USD (September 6, 2013)
EUR/USD made new 4-month lows yesterday, as ECB head Draghi confirmed that policymakers discussed the idea of lower interest rates. Meanwhile, the US printed a strong ISM non-manufacturing PMI reading, which extended the Greenback’s rally.