GBP/USD Forecast January 29, 2013, Technical Analysis
The GBP/USD pair fell heavily again on Monday, as incoming Bank of England chairman Mark Carney suggested that further easing couldn’t be ruled out in the case of the United Kingdom.
Category: Daily Forex Reports
EUR/USD Forecast January 29, 2013, Technical Analysis
The EUR/USD pair fell most of the session on Monday, but did bounce towards the end of the day also the 1.34 level in order to form a bit of a hammer. This hammer is just below...
AUD/USD Forecast January 29, 2012, Technical Analysis
The AUD/USD pair fell during most of the Monday session, but found enough support at the 1.04 region that we bounced hard enough to form a hammer. This hammer suggests that we are bound to take another...
Euro Bullish Ahead of Busy Trading Week
The euro saw substantial bullish movement on Friday, amid signs that the euro-zone economic recovery is gaining momentum. Meanwhile, speculations that the Bank of Japan will take additional monetary easing steps in the near future caused the...
AUD/JPY: Yen Remains Under Pressure as Japanese Leaders Reiterate Commitment
The Japanese yen is deemed to maintain its weakness opposite the Australian dollar today after Bank of Japan governor Masaaki Shirakawa reaffirmed plans for aggressive monetary easing as data showed the nation remained stuck in deflation in...
USD/JPY Forecast January 28, 2013, Technical Analysis
The USD/JPY pair rose again during the Friday session in order to pierce the 91 and over the first time in ages. We are now clearly over the 90 handle, and as a result it looks like...
USD/CAD Forecast January 28, 2013, Technical Analysis
The USD/CAD pair shot straight through the resistance of the 1.0050 level that we had been watching on Friday. This area was significant in its magnitude, and the fact that we sliced through so effortlessly is indeed...
GBP/USD Forecast January 28, 2013, Technical Analysis
The GBP/USD pair fell during most of the session on Friday, but caught a significant bounce late in the day. With this bounce, we have formed a hammer right at the 1.58 level. This is significant in...
EUR/USD Forecast January 28, 2013, Technical Analysis
The EUR/USD pair had a strong session on Friday, and even threatened to break above the 1.35 handle. In the end it did not however, and as a result that barrier still stands.
AUD/USD Forecast January 28, 2013, Technical Analysis
The AUD/USD pair has been a very difficult one to trade recently. Quite frankly, this pair “should” be going higher at this point time as there’s more of a “risk on” attitude to the marketplace. However, as...