USD/JPY Forecast May 21, Technical Analysis
The USD/JPY pair had a negative session on Monday, falling down to the 102 handle. However, that area did hold and we suspect that there is a significant amount of support in the general vicinity.
Category: Daily Forex Reports
USD/CAD Forecast May 21, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, as the 1.03 level offered resistance again. The candle does look rather negative, but it did not wipe out the gains from the Friday session, meaning that we...
GBP/USD Forecast May 21, 2013, Technical Analysis
The GBP/USD pair had a positive showing on Monday, breaking above the 1.5250 level at one point during the session. You can see that the market is hovering right around that area, but quite frankly we suspect...
EUR/USD Forecast May 21, 2013, Technical Analysis
The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but...
AUD/USD Forecast May 21, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, to break above the 0.98 handle. However, this market has been sold off so drastically that we are very hesitant to buy the Australian dollar right now.
Will the USD lose “safe haven” status?
With equities rallying, will the USD lose its position as the “safe haven” of choice?
AUD/USD Short-Term Falling Trend Line (May 20, 2013)
Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the...
USD/JPY Forecast May 20, 2013, Technical Analysis
The USD/JPY pair had a solid showing on Friday, closing the very top of the range. We clear the 103 level finally, and now it appears that the market is ready to continue much higher.
USD/CAD Forecast May 20, 2013, Technical Analysis
The USD/CAD pair had a smashing day on Friday as it took off to the upside gaining almost 130 pips. Looking at this candle, it’s obvious that the market is bullish, but the 1.03 level did of...
GBP/USD Forecast May 20, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday, clearing the 1.5250 level again. This market looks especially bearish considering that we have broken down below the lows from the hammer on Wednesday as well.