USD/CHF Head and Shoulders Pattern (May 30, 2013)
On its 4-hour time frame, USD/CHF seems to have formed a head and shoulders pattern, indicating a potential reversal from the pair’s rallies earlier this year.
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USD/JPY Forecast May 30, 2013, Technical Analysis
The USD/JPY pair fell on Wednesday, slamming back into the 101 level. However, this area has been rather supportive lately, so we feel that this is more than likely going to be a buying opportunity more than...
USD/CAD Forecast May 30, 2013, Technical Analysis
The USD/CAD pair fell rather significantly during the session on Wednesday, and managed to close at the very lows of the daily range. However, we still see the 1.03 level as very supportive, and that this market...
GBP/USD Forecast May 30, 2013, Technical Analysis
The GBP/USD pair had a strong showing during the Wednesday session, bouncing off of the 1.50 yet again. However, we did not see a breakout, rather we simply saw a market that bounce back to the top...
EUR/USD Forecast May 30, 2013, Technical Analysis
The EUR/USD pair had a strong showing during the session on Wednesday, as the market continues to bounce around in the consolidation area that we have seen for some time. The 1.28 level on the bottom represents...
AUD/USD Forecast May 30, 2013, Technical Analysis
The AUD/USD pair had a positive showing on Wednesday, which of course needed to happen if there was any hope whatsoever of this market not completely falling off of a cliff. This being the case, we think...
USD/CAD Resistance at Rising Channel (May 29, 2013)
USD/CAD’s uptrend is still very strong as the rising channel on its shorter-term time frame is still holding. The pair recently found support at the bottom, which is near 1.0350, and bounced right back up when the...
USD/JPY Forecast May 29, 2013, Technical Analysis
The USD/JPY pair rose during the session on Tuesday, smashing through 102 level again. This market is supported by the Bank of Japan, and as a result we certainly wouldn’t short it. In fact, the ascending triangle...
USD/CAD Forecast May 29, 2013, Technical Analysis
The USD/CAD pair has broken above the 1.04 level on Tuesday, and as a result we feel that this market will continue higher. There is a bit of resistance of the 1.05 handle, but in the end...
GBP/USD Forecast May 29, 2013, Technical Analysis
The GBP/USD pair fell drastically during the session on Tuesday, and close towards the very bottom of the range. However, the 1.50 level is extraordinarily supportive, and of course vital based upon the fact that it is...