USD/JPY Forecast May 3, 2013, Technical Analysis
The USD/JPY pair had a positive showing on Thursday, as we bounced off of the 97 handle again. This area has been reasonable support lately, and as a result this bounce doesn’t overly surprise us.
Category: Daily Forex Reports
USD/CAD Forecast May 3, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday, breaking above the 1.01 handle again. This essentially violated the top of the shooting star from the session on Wednesday, so this simply shows more confusion. This area...
GBP/USD Forecast May 3, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.55 level in order to become somewhat supportive looking. This market looks like it wants to go higher, but it will be...
EUR/USD Forecast May 3, 2013, Technical Analysis
The EUR/USD pair fell significantly during the session on Thursday after the rate cut coming out of the European Central Bank. Looking at this, you can see that the shooting star on Wednesday signaled that we could...
AUD/USD Forecast May 3, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday, but as you can see the 1.02 Regent continues to offer support. The bounce during the end of the session wasn’t exactly strong, but it was enough to...
GBP and EUR streak ahead on May Day Holiday
Sterling and Euro rally on May Day Holiday – but for how long?
USD/JPY Forecast May 1, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, breaking the bottom of a hammer from the Monday session. This is normally a very bearish sign, but quite frankly we don’t short this pair at all based...
USD/CAD Forecast May 1, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.01 handle for the first time in several weeks. Because of this, we feel that this market will continue much lower, and that we could...
GBP/USD Forecast May 1, 2013, Technical Analysis
The GBP/USD pair rose during the session on Tuesday, breaking above the top of the shooting star from Monday as well. Having said that, we have clear the 1.5550 level during the session, but pulled back enough...
EUR/USD Forecast May 1, 2013, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, showing underlying strength as we approach the 1.32 level. The market has been bouncing around in the general vicinity of 1.30 – 1.32 for some time now, and...