AUD/USD Forecast August 21, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, but bounced in order to form a hammer. As you can see, the 0.90 level has offered support and now we have to wonder whether or not there...
Category: Daily Forex Reports
NZD/USD: Range Still Intact (August 21, 2013)
NZD/USD is still moving sideways lately, as resistance at the top of the range or at the .8100 major psychological level still held this week. At the same time, stochastic is pointing down, hinting at a potential...
GBP/USD: Rally to Continue? (August 20, 2013)
GBP/USD has made another new high recently, as it broke slightly above the bullish pennant or flag pattern on its 1-hour time frame. However, it appears that the upward pressure isn’t that strong yet and the pair...
USD/JPY Forecast August 20, 2013, Technical Analysis
The USD/JPY pair rallied during the session on Monday, but as you can see failed to hang onto the gains in order to form a fairly neutral looking candle. We believe that the 97.50 area is in...
USD/CAD Forecast August 20, 2013, Technical Analysis
The USD/CAD pair rose slightly during the session on Monday after initially dipping, but as you can see the market still remains tied up in a relatively tight trading range.
GBP/USD Forecast August 20, 2013, Technical Analysis
The GBP/USD pair rallied during the session on Monday, breaking above the 1.5650 level. However, as you can see we did not hold onto much of the gains in it appears that the market is getting a...
EUR/USD Forecast August 20, 2013, Technical Analysis
The EUR/USD tried to rally during the session on Monday, but as you can see gave up most of the gains as we reach towards the 1.34 level. Because of this, it shows is that this market...
AUD/USD Forecast August 20, 2013, Technical Analysis
The AUD/USD pair fell during the session on Monday, continuing to grind away with a negative attitude. The markets seem to be heading towards the 0.90 handle, and as a result we are more than comfortable selling...
USD/JPY Forecast August 19, 2013, Technical Analysis
The USD/JPY pair rose during the session on Friday, but as you can see it was an overly impressive move. We ended up closing the market roughly 97.50, and as a result we are essentially at a...
USD/CAD Forecast August 19, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, but as you can see essentially went nowhere by the end of the day. Because of this we feel that this market is essentially going into some sort...