AUD/USD Forecast January 23, 2012, Technical Analysis
The AUD/USD pair rose on Friday and even broke above the 1.04 level that we have been watching for a couple of weeks. The reason this area is so interesting is that the level is the top...
Category: Daily Forex Reports
USD/CHF Forecast January 23, 2012, Technical Analysis
The USD/CHF pair rose on Friday as the week had seen so many losses in this pair. Although the bounce came it was very weak, and even looks a bit like a shooting star at the bottom...
GBP/USD Forecast January 23, 2012, Technical Analysis
The GBP/USD pair rose on Friday and continued the massively bullish move we had seen over the last several days as the 1.55 level gave way as resistance. The move was relentless, and it appears that some...
USD/JPY Forecast January 23, 2012, Technical Analysis
The USD/JPY pair fell on Friday to remain in the tight range it has been sitting in for two weeks. The pair is simply “stuck”, but this only confirms the “boundaries” of which the short-term trader can...
EUR/USD Forecast January 23, 2012, Technical Analysis
The EUR/USD pair fell on Friday as traders sold the Euro on concerns of the Greek debts talks stalling. However, the pair was bought back up during the US session, and has formed a hammer on the...
EUR Rallies Following Positive Global Data
The euro was largely up during yesterday’s trading session, as positive global data led to risk taking among traders. A successful Spanish debt auction combined with a lower than forecasted US Unemployment Claims were largely responsible for...
AUD/USD Forecast January 20, 2012, Technical Analysis
AUD/USD initially dipped for the Thursday session as the Aussie sold off on poor job numbers out of that country. However, as the session continued, the “risk on” trade kicked into gear, and the Aussie always gets...
EUR/USD Forecast January 20, 2012, Technical Analysis
The EUR/USD pair had a strong showing during the Thursday session as the European bonds auctions continue to do fairly well all things considered. However, there is a massive resistance area coming up, based upon the yellow...
GBP/USD Forecast January 20, 2012, Technical Analysis
GBP/USD rose again for the session on Thursday as the “risk on” trade got a boost by the successful bond auctions in Europe. The pair is highly sensitive to global risk and especially European risk as the...
USD/CAD Forecast January 20, 2012, Technical Analysis
USD/CAD fell on Thursday, and even managed to poke through the bottom of the massive symmetrical triangle that we have been watching lately. The breech of the uptrend line was significant, but even more important was the...