GBP/USD Retracement Scenario (May 24, 2013)
The recent correction in GBP/USD is giving pound bears a chance to hop in the ongoing selloff at a better price. The pair rebounded off its recent lows and appears to be making a pullback to any...
Category: Daily Forex Reports
USD/JPY Forecast May 24, 2013, Technical Analysis
The USD/JPY pair fell rather precipitously during the session on Thursday, predicated upon poor economic numbers coming out of China. However, you can see that quite a bit of the losses were gained back, and as a...
USD/CAD Forecast May 24, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Thursday, testing the 1.03 level for support. Although we close the very bottom of the candle, it must be said that the market did stop at that general...
GBP/USD Forecast May 24, 2013, Technical Analysis
The GBP/USD pair had a positive session as we bounced off of the 1.50 level during the Thursday trading hours. This is the move that we had anticipated, as the area would of course be very significant...
EUR/USD Forecast May 24, 2013, Technical Analysis
The EUR/USD pair ripped to the upside on Thursday, breaking above the 1.29 handle again. However, we had anticipated that this market will simply going to bounce around between the 1.28 handle on the downside, and the...
AUD/USD Forecast May 24, 2013, Technical Analysis
The AUD/USD pair bounced nicely off of the 0.9650 level during the session on Thursday, which is to be expected as it is a long-term support level. The resulting candle is in quite a hammer, but it...
USD/JPY Forecast May 23, 2013, Technical Analysis
The USD/JPY pair had a positive showing during the session on Wednesday, as we managed to break above the most recent highs, but did get back about half of the gains. Nonetheless, this doesn’t really change our...
GBP/USD Forecast May 23, 2013, Technical Analysis
The GBP/USD pair fell during the session on Wednesday, testing the 1.50 handle that we had suggested was a target recently. This level appears to be supportive enough that the market is down slightly, and because of...
USD/CAD Forecast May 23, 2013, Technical Analysis
The USD/CAD pair rose during the session in reaction to an overall US dollar rally. The Federal Reserve Chairman spoke in front of Congress during the day suggesting that monetary policy could be changing relatively soon.
EUR/USD Forecast May 23, 2013, Technical Analysis
The EUR/USD pair initially rallied during the Wednesday session, but as you can see the 1.30 level brought out a lot of sellers, and we close much lower. This massive shooting star of course suggests significant weakness,...