USD/JPY Forecast May 17, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Thursday, and at the end of the day could hardly decide what it wanted to do. We ended up closing just where we started, forming a...
Category: Daily Forex Reports
USD/CAD Forecast May 17, 2013, Technical Analysis
The USD/CAD pair had a positive session during the Thursday trading hours, breaking back towards the 1.02 level. The fact that we formed a shooting star on Wednesday doesn’t help though, and as a result we feel...
GBP/USD Forecast May 17, 2013, Technical Analysis
The GBP/USD market went back and forth during the session on Thursday, focusing mainly on the 1.5250 level as its center of gravity.
EUR/USD Forecast May 17, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Thursday, essentially getting nowhere in the end. It is very neutral candle looks like it’s trying to signal that the market is confused down here, and...
AUD/USD Forecast May 17, 2013, Technical Analysis
The AUD/USD pair had a very negative session during the Thursday, lunging all the way down to the 0.98 handle. Even more impressive was the fact that the sellers managed to break the bottom of a perfect...
GBP/USD Trend Line Break and Retest (May 17, 2013)
GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.
USD/JPY: Chance to Join the Rally? (May 16, 2013)
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair...
USD/JPY Forecast May 16, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday, forming a very neutral candle. Perhaps this is a sign that a pullback is about to happen, but we see significant support just below at...
USD/CAD Forecast May 16, 2013, Technical Analysis
The USD/CAD pair initially rallied during the session on Wednesday, touching as high as 1.0225 before pulling back in forming a shooting star. Looking at this candle, it is being formed at an area where you would...
GBP/USD Forecast May 16, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Wednesday as the 1.52 level was initially broken. However, by the end of the session we had bounced back above that support level, and in fact...