USD/JPY Forecast October 13, 2014, Technical Analysis
The USD/JPY pair initially broke out to the upside during the session on Friday, but as you can see fell to form a shooting star. With that, it appears that the market is going to test the...
Category: Daily Forex Reports
USD/CAD Forecast October 13, 2014, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Friday, ultimately respecting the 1.12 level for resistance. That being the case, the market should continue to go higher if we can break...
GBP/USD Forecast October 13, 2014, Technical Analysis
The GBP/USD pair fell during the course of the day on Friday, but found enough support at the 1.6000 level to turn things back around and form a hammer. Because of this, it is possible that we...
EUR/USD Forecast October 13, 2014, Technical Analysis
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight...
AUD/USD Forecast October 13, 2014, Technical Analysis
The AUD/USD pair fell during the session on Friday, heading back towards the 0.8650 level. That area offered support last time, and if we can break below there we feel that this market will then head to...
Canadian Employment Report – Paxforex
Forex traders received the Canadian Employment Report for September roughly 30 minutes ago. The data was much stronger than expected, but the Canadian Dollar did not rally as strong as one would have imagined despite a rock...
USD/JPY Forecast October 10, 2014, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this, we feel that this market could very well bounce...
USD/CAD Forecast October 10, 2014, Technical Analysis
The USD/CAD pair rose during the course of the day on Wednesday, bouncing off the 1.11 level. This of course is a very positive sign, as the market continues to find support every time it falls. With...
GBP/USD Forecast October 10, 2014, Technical Analysis
The GBP/USD pair tried to rally during the course of the session on Thursday, but failed to hang onto the gains and turned back around to form a negative candle. With this, we think that the bearish...
EUR/USD Forecast October 10, 2014, Technical Analysis
The EUR/USD pair initially rallied during the course of the day on Thursday, testing the 1.28 resistance barrier. We eventually sold off from there, and then turned back around to form a very negative looking candle. Because...