EUR/USD Forecast April 15, 2013, Technical Analysis
The EUR/USD pair fell during the Friday session, and as a result it is most of the day below the 1.31 level. However, this bounce that we saw late in the day formed a hammer above the...
Category: Daily Forex Reports
AUD/USD Forecast April 15, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but did get a bit of a bounce once we got to the 1.0480 handle. The resulting candle ended up closing above the 1.05 handle, and as a...
Daily review of EUR/USD and USD/JPY (12 April 2013)
EUR/USD- After relatively steady start of the trading day, the euro fell sharply against the dollar, briefly plummeting below the 1.30 mark ahead of Eurogroup finance minister meeting later in the day. The single currency managed to...
U.S. Retail Sales: Potential USD/JPY Correction (April 12, 2013)
USD/JPY has been stalling around the 99.50 minor psychological area for the past few days already, suggesting that yen bears may be running out of steam. After all, the pair has climbed by more than 600 pips...
USD/JPY Forecast April 12, 2013, Technical Analysis
The USD/JPY pair fell initially during the session on Thursday, but as a close the 99 handle, buyers stepped back into the marketplace and started to bid the price back up again. In fact, at one point...
USD/CAD Forecast April 12, 2013, Technical Analysis
The USD/CAD pair fell during the session on Thursday and even managed to pierce below the 1.01 support level. The 1.01 support level was an area that we set must remain intact in order for us to...
GBP/USD Forecast April 12, 2013, Technical Analysis
The GBP/USD pair had a positive session on Thursday, breaking above the 1.5350 area cleanly, and looking very much like a currency that is trying to head back to the next resistance area at the 1.55 handle.
EUR/USD Forecast April 12, 2013, Technical Analysis
The EUR/USD pair had a positive session on Thursday, but as you will notice on the chart managed to struggle once it got above the 1.31 handle. We had mentioned recently that this level could be trouble...
AUD/USD Forecast April 12, 2013, Technical Analysis
The AUD/USD pair had a back and forth wild session on Thursday, as we were both very bullish, and then very bearish. Looking at the charts, you can see that we failed to crack above the 1.06...
AUD/USD Potential Retracement to 1.0500 (April 11, 2013)
AUD/USD suffered a quick selloff during today’s early Asian session when Australia printed weaker than expected jobs data. The actual report showed a 36.1K drop in hiring, worse than the estimated 6.1K decrease, bringing the jobless rate...