USD/JPY Forecast April 9, 2012, Technical Analysis
The USD/JPY fell hard on Friday as the Non-Farm Payroll numbers came out weaker than expected. The miss was a total of 80,000 fewer jobs added in America than the 200,000 or so expect.
Category: Daily Forex Reports
EUR/USD Forecast April 9, 2012, Technical Analysis
The EUR/USD pair rose during the Friday session in reaction to the weaker than expected Non-Farm Payroll report out of America. The report was expected to show a build of 200,000 jobs last month, but fell short...
Risk Aversion Continues Ahead of Non-Farms Payrolls
The euro continued to slide throughout yesterday’s trading session as risk aversion dominated market sentiment. The common currency dropped to a three-week low against both the US dollar and Japanese yen, while the EUR/CHF dropped below 1.2000...
AUD/USD Forecast April 6, 2012, Technical Analysis
The AUD/USD pair rose during the Thursday session as the pair tested the 61.8% Fibonacci level. The shape of the daily candle was a doji, and this was formed after a hammer. The pair currently trades at...
EUR/USD Forecast April 6, 2012, Technical Analysis
The EUR/USD pair fell hard on Thursday to continue the general slide of the Euro over the last several sessions. The EU has major issues, so this really shouldn’t be a surprise at this point. In fact,...
GBP/USD Forecast April 6, 2012, Technical Analysis
The GBP/USD pair fell hard on Thursday as the “risk off” theme came back into the markets. The 1.58 area is just below, and it looks like it may have held as support by the end of...
USD/CAD Forecast April 6, 2012, Technical Analysis
The USD/CAD pair fell after touching the parity level on Thursday as we had predicted. This pair is currently one of the most reliable ones in the sense that it has been so range bound.
USD/JPY Forecast April 6, 2012, Technical Analysis
The USD/JPY pair fell for much of the session on Friday, only to pop back up to form a hammer just above the 82 support level. The pair looks strong still, and we are long of it....
Forex-Metal Daily Analysis -05/04/2012
Technical analysis for 5/04
AUD/USD Forecast April 5, 2012, Technical Analysis
The AUD/USD pair fell on Wednesday as the risk off trade can back into play. The pair stopped falling at the 61.8% Fibonacci level. The 200 day EMA is above the pair now, and we are watching...