EUR/USD: possible wave 4
We had the doji at the highs yesterday and a down-day so far today – it seems possible this could be the start of a deeper correction lower, an Elliot wave 4 perhaps, which would be expected...
Category: Daily Forex Reports
USD/JPY Forecast September 18, 2012, Technical Analysis
The USD/JPY pair rose during the session on Monday as the rally continued. We approached the 79 handle again, but failed at the end of the session to close above it. We do think that this market...
USD/CAD Forecast September 18, 2012, Technical Analysis
The USD/CAD pair rose during the session on Monday as the market took a bit of a breather. We have recently broken down below the 0.98 handle, and as such that area should be resistance now.
GBP/USD Forecast September 18, 2012, Technical Analysis
The GBP/USD pair formed a shooting star the end of the session on Monday as we approach the 1.63 handle. This was the target from the ascending triangle breakout that we saw a month ago, and it...
EUR/USD Forecast September 18, 2012, Technical Analysis
The EUR/USD pair had a very volatile session on Monday, but a fairly tight range. It looks like the 1.31 level is going to be somewhat resistant, but let’s be honest here: this pair is way overextended.
AUD/USD Forecast September 18, 2012, Technical Analysis
The AUD/USD pair fell during the session on Monday, even getting below the 1.05 level. We are currently at the top of the market range, and it should be noted that the shooting star that formed on...
Speculators’ Short in USD Currency Futures Soars
Commtiment of Traders (COT) Report. The aggregate net short positions in the USD soared to 94,712 contracts, up from a nominal short of only 453 contracts in the previous week. Again, the big increase of USD shorts...
EUR/GBP: Euro Slips Versus the Pound
In yesterday’s European trading session, the Euro lost versus the Great British pound as exports slowed down in July, increasing chances for a cut in interest rates by the European Central Bank before this year closes.
Daily FX perspective September 18, 2012 – GFM Research
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
EUR Bullish Ahead of German News
The euro was largely able to retain last week’s gains throughout the day yesterday, as a slow news day resulted in relatively little movement in the marketplace. The USD/JPY saw minor upward movement yesterday, as investors grew...