GBP/USD Forecast December 6, 2012, Technical Analysis
The British pound trying to gain on the US dollar during the session on Wednesday, but as you can see by the daily chart we formed a second shooting star in a row. It does look like...
Category: Daily Forex Reports
AUD/USD Forecast December 6, 2012, Technical Analysis
The AUD/USD pair fell during the session as the 1.0475 level continues to be far too resistive for the buyers to break out of. We are currently stock between that level and the 1.04 handle, and as...
EUR/USD Forecast December 6, 2012, Technical Analysis
The EUR/USD pair attempted to rally during the session on Wednesday, but found significant downward pressure above the 1.31 resistance area. We believe that this area goes all the way up to the 1.3150 level, so it...
EUR/GBP: Renewed Euro Zone Fears to Send the EURGBP Lower
The disappointing Spanish auction and economic figures led to the decline of the Euro versus the Great British pound in yesterday’s European trading exchanges.
Daily FX Perspective December 06, 2012 – GFM Research
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
Dollar Turns Bearish Ahead of Busy Trading Day
The US dollar took losses against virtually all of its main currency rivals yesterday, as concerns that US Congressional leaders will not be able to resolve a budget dispute before automatic tax increases and budget cuts take...
GBP/USD Forecast December 5, 2012, Technical Analysis
The GBP/USD pair attempted to rally during the Tuesday session, but pulled back and formed a shooting star at the 1.61 level. While we do see this as a potential resistance area, we think this will simply...
USD/JPY Forecast December 5, 2012, Technical Analysis
The USD/JPY pair fell during the session on Tuesday as the “risk off” trade gained the upper hand slightly against the risk appetite driven traders out there. However, we still see the 81.50 level has offered support,...
USD/CAD Forecast December 5, 2012, Technical Analysis
The USD/CAD currency pair fell during most of the session on Tuesday, but found enough support just above the 0.99 handle to continue the overall sideways motion. The market continues to be stuck between the 0.99 and...
EUR/USD Forecast December 5, 2012, Technical Analysis
The EUR/USD pair rose again during the session on Tuesday, as we start to approach the 1.3150 resistance level. We think this area will indeed be very resistive, and it will only take some type of negative...