EUR/USD Forecast April 9, 2013, Technical Analysis
The EUR/USD pair had a back and forth session on Monday, hovering around the 1.30 handle. This is an area that we thought that the Euro could run into trouble, and we have to admit that the...
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AUD/USD Forecast April 9, 2013, Technical Analysis
The AUD/USD pair shot straight up during the session on Monday, closing the gap down that we saw at the open. In fact, we managed to go above the gap, and close above the 1.04 level. However,...
GBP/USD: Break and Retest Scenario (April 9, 2013)
Thanks to weaker than expected U.S. jobs data, GBP/USD breached the 1.5250 minor psychological resistance on Friday and climbed all the way up to the 1.5350 mark. However, price action on Monday reveals that the rally ran...
4XP Awarded Best Educational Services by World Finance Magazine 2013
London, United Kingdom, 20 March, 2013 – 4XP proudly accepted the Best Educational Services Award from World Finance Magazine in their 2013 release.
USD/CHF Break and Retest Scenario (April 8, 2013)
The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range.
USDCAD Analysis – April 6, 2013
USDCAD remains in downtrend from 1.0341, the rise from 1.0105 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0000 area. Resistance is at 1.0250, as long...
USDCHF Analysis – April 6, 2013
USDCHF breaks below 0.9352 support, suggesting that the upward movement from 0.9021 had completed at 0.9567 already. Further decline could be expected next week, and next target would be at 0.9100 area. Resistance is at 0.9567, only...
USDJPY Analysis – April 6, 2013
After consolidation, USDJPY continues its upward movement from 77.14, and the rise extends to as high as 97.82. Further rise could be expected next week, and next target would be at 100.00 area. Key support is at...
AUDUSD Analysis – April 6, 2013
AUDUSD had formed a cycle top at 1.0496 on daily chart. However, the fall from 1.0496 is likely correction of the uptrend from 1.0115, pullback to 1.0200 – 1.0300 area to complete the correction could be expected...
GBPUSD Analysis – April 6, 2013
GBPUSD broke above the resistance of the downward trend line on daily chart, suggesting that the downtrend from 1.6339 had completed at 1.4831 already. Further rally would likely be seen next week, and next target would be...