EUR/GBP Support at .8400 (September 9, 2013)
EUR/GBP has sold off strongly in the past few weeks, bringing it down from the .8750 area to the .8400 handle. The 4-hour chart reveals that there’s strong support in this region though.
Category: Daily Forex Reports
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.
USD/JPY Forecast September 5, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Wednesday, but as you can see bounced enough to form a bit of a hammer. This is the second day in a row that we see a bit...
USD/CAD Forecast September 5, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday as you can see, testing the 1.05 handle significantly. However, this is an area that brings in a bit of support, as does the area all the way...
GBP/USD Forecast September 5, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, breaking the top of the shooting star that had been formed on Tuesday. We have been saying for a while now that we think this market is going...