AUD/USD Technical Analysis October 7, 2011
AUD/USD continued to rise on Thursday as the global markets continue the “risk on” move that they have been in over the last few days. The charts do suggest that we may still be a bit oversold,...
Category: Daily Forex Reports
EUR/USD Technical Analysis October 7, 2011
EUR/USD rose on Thursday, showing a continued “risk on” attitude over the last few days. The ECB didn’t do much for the session, even though there was the much anticipated last meeting of Jean-Claude Trichet.
GBP/USD Technical Analysis October 7, 2011
GBP/USD fell on Thursday as the Bank of England announced it was expanding its bond buying program, which of course is a form of quantitative easing. However, the pair found its footing late in the session and...
USD/CAD Technical Analysis October 7, 2011
USD/CAD continued to fall on Thursday as traders are willing to take on a bit more risk over the last several sessions. The pair is highly correlated to the oil markets, and the announcement of a larger...
USD/CHF Technical Analysis October 7, 2011
USD/CHF rose on Thursday, but formed a shooting star at the end of the session as the move faded a bit. The pair looks a little overbought at these levels, and a pullback isn’t necessarily a bad...
USD/JPY Technical Analysis October 7, 2011
USD/JPY continued its back and forth trading between the 76 and 77.50 areas on Thursday. The pair is stuck in this range, and has been very good to scalpers who have absolutely cleaned up in this tight...
Forex-Metal Daily Analysis – 06/10/2011
The speech of Bernanke inspired the markets. The Euro showed moderate growth.
USD/CAD Technical Analysis October 6, 2011
USD/CAD broke below the shooting star that we discussed yesterday on Wednesday. As a result, a “perfect” sell signal was triggered. We understand that the 1.0650 area is a massive monthly resistance area, so shorting from here...
AUD/USD Technical Analysis October 6, 2011
AUD/USD rose on Wednesday as traders piled into the “risk on” trade. The rumors out of the EU suggest that the various countries may be working on a coordinated effort to recapitalize the banks, and that it...
USD/CHF Technical Analysis October 6, 2011
USD/CHF rose on Wednesday as traders continue to sell off the Franc. With the Swiss National Bank willing to sell it as well – this makes sense. Also, in times of concern, the Franc can no longer...