The AUD/USD pair fell precipitously during the Wednesday session as we continue to bounce around the 1.04 level. The markets took a serious “risk off” attitude during the session on Wednesday, and as usual the Australian dollar...
When traders get really good and bearish, how often does a market then turn around? I have often felt that it is the markets function to fool as many people as possible. After all, if it were...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance after the FOMC meeting yesterday. The Dollar Index is expected to again find resistance at 81.00-81.20 ranges from where is sold...
The release of the Westpac Consumer Sentiment and Wage Price Index data resulted to the rise of the Australian dollar by 54 pips versus the Japanese yen in the previous Asian trading exchanges.
Date: 13.11.2012 Time: 18:15 Rate: 79.44 4 Hour chart Last Review USD/JPY Forecast- Indeed the descending price structure has lead the price to the 79.16 Fibonacci correction level (50% technical correction level of the uptrend marked with...
Date: 13.11.2012 Time: 17:26 Rate: 0.9506 4 Hour chart Last Review USD/CHF Forecast- The price has climbed towards the 0.9513 price level but stopped at the peak of the harmonic pattern named “butterfly” (blue triangles). By this...
Date: 13.11.2012 Time: 17:15 Rate: 1.0431 4 Hour chart Last Review AUD/USD Forecast- the price has breached the 1.0387 price level but left a large shadow downwards by doing that (it shows an aggressive come back of...
Date: 13.11.2012 Time: 16:58 Rate: 1.5885 4 Hour chart Last Review GBP/USD Forecast- The price did go down to the 1.5900 price level after breaking the 1.5960 support level. It is possible to assume that currently it...
Date: 13.11.2012 Time: 16:20 Rate: 1.2718 Daily chart Last Review EUR/USD Forecast- The price is breaking the 1.2750 support level and it is possible to assume that its next target will be the 1.2600 Fibonacci level. It...
The euro sunk to a fresh two-month low against the US dollar yesterday, as ongoing uncertainties regarding the next round of Greek bailout funds caused investors to keep their funds with safe-haven assets.
