USDJPY 100 SMA Support (Dec 9, 2014)
USDJPY is making another test of the rising trend line support visible on its 1-hour forex time frame. The pair has just traded around the 122.00 levels and pulled back to the 120.50 area, which is around...
Category: Daily Forex Reports
GBPUSD Triangle Breakout (Dec 8, 2014)
GBPUSD made a downside break from the symmetrical triangle chart pattern on its 1-hour time frame, indicating that further losses are in the cards for the pair. The chart formation is roughly 250 pips in height so...
The Top 5 Forex Developments 12/01/14 – 12/05/14 – Paxforex
Here are the Top 5 Forex Developments for the trading week between 12/01/14 and 12/05/14: Number One: Non-farm Payrolls US non-farm payrolls rose by 321,000 in November and the unemployment rate showed no change at 5.8%. Expectations...
USD/JPY Forecast December 8, 2014, Technical Analysis
The USD/JPY pair broke above the 120 level during the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated in America. With that being the case, it appears that we are starting...
GBP/USD Forecast December 8, 2014, Technical Analysis
The GBP/USD pair tried to rally during the course of the day on Friday, but as you can see turned things back around and fell to a fresh new low. Because of this we feel that the...
EUR/USD Forecast December 8, 2014, Technical Analysis
The EUR/USD pair fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. Because of this, we made a fresh low, as the market close to just below the...
AUD/USD Forecast December 8, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out stronger than anticipated. With that being the case, the market looks like it’s heading down to the 0.80...
USD/JPY Forecast December 5, 2014, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Thursday, testing the 120 handle. That’s an area where we see a significant amount of resistance in our opinion, as it is a...
USD/CAD Forecast December 5, 2014, Technical Analysis
USD/CAD pair went back and forth during the session on Thursday, as we continue to meander just above the 1.13 region. The fact that both of these countries release employment numbers today suggests that we will have...
GBP/USD Forecast December 5, 2014, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Thursday as we continue to meander in this consolidation area. We believe that it’s only a matter of time before the market breaks...