USD/CAD Forecast March 19, 2012, Technical Analysis
The USD/CAD pair fell ever so slightly during the Friday session as the oil markets rose just a bit. The market for this pair is highly congested, and as such a difficult one to trade at this...
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AUD/USD Forecast March 19, 2012, Technical Analysis
The AUD/USD pair rose again on Friday to break above the Thursday highs we said would be our buy signal. The Aussie has enjoyed a lot of strength over the last several months, and this latest pullback...
USD/CHF Forecast March 19, 2012, Technical Analysis
The USD/CHF pair fell again during the Friday session as the Dollar was sold off in general. The pair looks set to fall down to the 0.91 level as support. The pair looks bullish overall for us,...
GBP/USD Forecast March 19, 2012, Technical Analysis
The GBP/USD pair shot straight up during the Friday session, and through the 1.58 resistance level. The pair should be running into fairly heavy resistance at these levels, so we are looking to sell this pair between...
USD/JPY Forecast March 19, 2012, Technical Analysis
The USD/JPY pair continued to stall at current levels during the Friday session, even as the market looks fairly parabolic. The pair continues to get a boost from the Bank of Japan and its bond buyback program...
EUR/USD Forecast March 19, 2012, Technical Analysis
The EUR/USD pair rose during the session on Friday as the 1.30 level continues to offer strong support in this pair. The bullish sentiment in the Euro will more than likely be short-term at best, and rallies...
Here’s How to Validate and Trade a Channel
Trading price channels are a valuable tool for traders to identify and capitalize on price movements within a specific range. Price channels are formed when an asset’s price moves between two parallel trend lines, creating opportunities for...
USDCAD Analysis – March 17, 2012
USDCAD moves sideways in a range between 0.9841 and 1.0050, as long as 1.0050 resistance holds, downtrend could be expected to resume, and one more fall to 0.9600-0.9700 area is still possible. On the upside, a break...
USDCHF Analysis – March 17, 2012
USDCHF rebounded from the lower line of the price channel on daily chart, and the rise from 0.8931 had extended as high as 0.9333. Further rise is still possible next week, and next target would be at...
USDJPY Analysis – March 17, 2012
USDJPY’s upward movement extended to as high as 84.17. Further rise to test 85.51 (Apr 6, 2011 high) resistance could be expected next week. Support is at 82.50, only breakdown below this level could signal completion of...