USD/CAD Forecast November 28, 2012, Technical Analysis
The USD/CAD pair had a volatile day on Tuesday as the markets went back and forth between “risk on”, and “risk off.” The shape of the candle for the day ended up being a hammer, but this...
Category: Daily Forex Reports
GBP/USD Forecast November 28, 2012, Technical Analysis
The GBP/USD pair initially rallied during the session on Tuesday, but failed to hang onto gains and formed a shooting star. On Monday, we had formed a hammer, so this suggests quite a bit of indecisiveness to...
EUR/USD Forecast November 28, 2012, Technical Analysis
The EUR/USD pair fell below the bottom of the hammer from the previous day on Tuesday, and this of course is a massively bearish signal. The fact that we are closing below the lows on Monday suggests...
AUD/USD Forecast November 28, 2012, Technical Analysis
The AUD/USD pair initially tried to rally during the session on Tuesday, but failed and ended up closing lower. This candle is an outside candle, and as such it looks like we could be setting up for...
USD/CAD: Limited Gains on Greek Debt Accord and Durable Goods Orders
With market elation over a Greek debt agreement, risk sentiment is anticipated to push the Canadian dollar to further gains opposite its currency neighbor, US dollar.
US News Expected to Impact Marketplace Today
The marketplace was relatively quiet throughout the European session yesterday, as cautious investors were hesitant to open new positions during a meeting of euro-zone finance ministers discussing a new round of bailout funds for Greece.
USD/JPY Forecast November 27, 2012, Technical Analysis
The USD/JPY pair fell during the session on Monday, as traders took profits. The market has been a short nearly stronger the last couple of sessions, and as such a rest or even a pullback really wouldn’t...
USD/CAD Forecast November 27, 2012, Technical Analysis
The USD/CAD currency pair initially rose during the session on Monday, but failed to keep its gains and formed a shooting star as a result. This shooting star is just above the 0.99 level, an area that...
GBP/USD Forecast November 27, 2012, Technical Analysis
The GBP/USD pair fell during the session on Monday, but got a nice bounce off of the 1.60 area in order to form a hammer. This market looks like it’s beginning to get ready to rise again,...
EUR/USD Forecast November 27, 2012, Technical Analysis
The EUR/USD pair fell initially during the Monday session but bounced in order to form a hammer. This hammer is at the top of a significant move higher, so it can be considered a sign of continuation.