USD/CHF Forecast March 30, 2012, Technical Analysis
The USD/CHF pair rose during the session on Thursday as the support area between 0.91 and 0.90 held firm. The pair gave back a bit of the gains late in the day though, so we could perhaps...
Category: Daily Forex Reports
USD/JPY Forecast March 30, 2012, Technical Analysis
The USD/JPY pair fell for a significant part of the Thursday session as the markets were weak for a large part of the day. The 50% Fibonacci has returned into the fold as support though, and as...
Safe Heaven Currencies Continue to Rise on High Risk Aversion
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
Forex-Metal Daily Analysis -29/03/2012
The Australian and New Zealand dollar fell today due to decline of the World’s stock markets.
US Core Durable Goods Orders Helps Dollar Recover
The USD was able to stage a recovery during yesterday’s trading session following two economic indicators showing an increase in US production last month. Yesterday’s Core Durable Goods Orders figure, considered a leading indicator of production in...
EUR/USD Forecast March 29, 2012, Technical Analysis
The EUR/USD pair had a real back and forth session on Wednesday as the markets were somewhat skittish during the day. The 1.3250 level being supportive was important, but the reality is that the 1.35 level above...
USD/JPY Forecast March 29, 2012, Technical Analysis
USD/JPY fell for the session, but didn’t manage to close below the bottom of the doji from Tuesday. The pair still looks healthy, and the fact that the pair managed to bounce from the 82.50 level suggests...
GBP/USD Forecast March 29, 2012, Technical Analysis
The GBP/USD pair fell during the session on Wednesday as the pair triggered a sell signal by breaking through the bottom of the Tuesday shooting star. If you watched yesterday’s video analysis, you know that we called...
USD/CHF Forecast March 29, 2012, Technical Analysis
The USD/CHF pair had a fairly wild day on Wednesday as the pair went both bullish and bearish, only to end up slightly bullish at the close. The pair is in the middle of a massive support...
AUD/USD Forecast March 29, 2012, Technical Analysis
The AUD/USD pair fell again on Wednesday to pierce the 1.04 level again. While the candle for the session is bearish, it appears that the level is giving a good fight, and the market looks as if...