EUR/USD Forecast April 26, 2013, Technical Analysis
The EUR/USD pair rallied during the session on Thursday, but as you can see gave back all of the gains in order to form a shooting star. While this would normally be enough to get us selling,...
Category: Daily Forex Reports
AUD/USD Forecast April 26, 2013, Technical Analysis
The AUD/USD pair rallied during the session on Thursday, but as you can see gave back most of the gains in order to form a shooting star. This shooting star is sitting above two hammers, which essentially...
U.S. GDP Release: Trading USD/JPY (April 26, 2013)
The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%.
GBP/USD: Trading the U.K. GDP Report (April 25, 2013)
On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level....
USD/JPY Forecast April 25, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, but as you can see formed another hammer, suggesting that we are going to see further bullish pressure to the upside in this marketplace. It simply appears that...
USD/CAD Forecast April 25, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Wednesday, but as you can see has remained in a fairly tight range for the last couple of weeks.
GBP/USD Forecast April 25, 2013, Technical Analysis
The GBP/USD pair had a slightly positive session on Wednesday, clinging to the 1.5250 area yet again. However, this market is essentially “dead money” at the moment, as it simply has no drive to break in one...
EUR/USD Forecast April 25, 2013, Technical Analysis
The EUR/USD pair fell during much of the session on Wednesday, but as you can see bounced enough to form a decent looking hammer and close above the 1.30 level.
AUD/USD Forecast April 25, 2013, Technical Analysis
The AUD/USD pair broke higher during the Wednesday session, tripping the buy orders that would’ve been at the top of the hammer from the Tuesday session, and formed a candle the looks very much like a hammer...
USD/JPY Forecast April 24, 2013, Technical Analysis
The USD/JPY fell during the session on Tuesday, but bounced enough to in the positive for the session, forming a nice looking hammer just below the all-important 100 handle.