AUD/USD Forecast April 10, 2012, Technical Analysis
The AUD/USD pair fell for some of the session on Monday, but managed a bounce to form a doji. The pair has bounced at the 50% Fibonacci level, and it looks as if the buyers are starting...
Category: Daily Forex Reports
GBP/USD Forecast April 10, 2012, Technical Analysis
The GBP/USD pair fell at first on the Monday session, but only to bounce and form a hammer at the end of the day. The pair is sitting just above the 200 day EMA, and this will...
USD/JPY Forecast April 10, 2012, Technical Analysis
The USD/JPY pair rose during the Monday session as the bottom of the recent down trending channel has held as support. Also, the 81 handle came into play, and it appears that the pair is still finding...
EUR/USD Forecast April 10, 2012, Technical Analysis
The EUR/USD pair fell during the session on Monday, but bounced from the 1.30 area to form a hammer. This pair is certainly one we don’t like to buy, but selling at this point will be difficult...
Forex-Metal Weekly Analysis
Market review for 26 – 30.03, 2012
April 09, 2012 – Forex Daily Report by GFM Research
The Dollar Index is currently range bound between 81.00 and 78.70. Major constituent of the Dollar Index basket, the Euro is trading sideways with bearish undertone, resulting in correction in most of the asset classes, especially the...
Disappointing Jobs Report Sends USD Tumbling
The USD reversed some of its earlier gains on Friday, following a worse than expected Non-Farm Payrolls figure which highlighted just how slowly the US economic recovery is progressing.
USD/CAD Forecast April 9, 2012, Technical Analysis
The USD/CAD pair rose during the session as the Non-Farm Payroll numbers came out at 120, 000 jobs were added last month, versus the 200,000 expected. The 200 EMA is just above the parity level that has...
AUD/USD Forecast April 9, 2012, Technical Analysis
The AUD/USD pair has a slight bullish day for the second session in a row. The pair has started to show signs of support at the 1.0250 level – which just happens to be the 50% Fibonacci...
GBP/USD Forecast April 9, 2012, Technical Analysis
The GBP/USD pair bounced on Friday as the Non-Farm Payroll numbers came out weak in America. The miss was by 80,000 jobs, and this sent people away from the Dollar in general.