EUR/USD Forecast December 22, 2014, Technical Analysis
The EUR/USD pair fell during the session on Friday as you can see, making a fresh new low. Because of that, we feel that the 1.22 level will be tested to the downside, and if we break...
Category: Daily Forex Reports
AUD/USD Forecast December 22, 2014, Technical Analysis
The AUD/USD pair broke lower during the session on Friday, testing the lows yet again. With that, it appears that the market should continue to break down a little bit, heading towards the 0.80 level. Ultimately, the...
The Top 5 Forex Developments 12/15/14 – 12/19/14 – Paxforex
Here are the Top Forex Developments for the trading week between 12/15/14 and 12/19/14: Number One: UK CPI Consumer inflation in November slowed down further as evident in the CPI report. The CPI contracted 0.3% in November...
USD/JPY Forecast December 19, 2014, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Thursday, but failed to break out above the little bit of resistance at the 119 level. We do think that the market continues to go...
USD/CAD Forecast December 19, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Thursday, but found the 1.16 level be somewhat supportive. Ultimately though we feel that this market should continue to go higher. Because of this, we feel...
GBP/USD Forecast December 19, 2014, Technical Analysis
The GBP/USD pair as you can see initially fell during the session on Thursday, but turned back around to climb and continue to consolidate in the same general area we have been in for some time. Because...
EUR/USD Forecast December 19, 2014, Technical Analysis
The EUR/USD pair broke down during the session on Thursday, testing the 1.2250 region. Because of this, we feel that the market will more than likely try to break down given enough time, but it’s difficult to...
AUD/USD Forecast December 19, 2014, Technical Analysis
The AUD/USD pair as you can see initially went higher during the course of the session on Thursday, but we feel that the sellers above of course should continue to punish the Australian dollar as not only...
USDCAD Ascending Trend Line (Dec 19, 2014)
USDCAD has been on a short-term uptrend, as shown by the ascending trend line connecting the pair’s recent lows. Price looks ready to make a test of the trend line for now and may bounce off support,...
USD/JPY Forecast December 18, 2014, Technical Analysis
The USD/JPY pair broke a little bit higher during the session on Wednesday, but as you can see is struggling just above the 117.50 level. With that being the case, we are buyers of this pair on...