GBP/USD Forecast April 14, 2014, Technical Analysis
The GBP/USD pair fell during the session on Friday, but as you can see there is plenty of noise below and it has been a fairly impulsive market to the upside recently. With that, we are still...
Category: Daily Forex Reports
EUR/USD Forecast April 14, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Friday, essentially settling nothing. At the end of the day, we still find yourselves bullish though, and it appears that a pullback could come though. That...
AUD/USD Forecast April 14, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Friday, forming a fairly neutral candle. Having said that, the market is rather bullish overall that we think that a pullback could be coming. After the...
AUD/USD Trend Continuation Setup (April 11, 2014)
AUD/USD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today. The pair topped around the .9450 minor psychological...
USD/JPY Forecast April 11, 2014, Technical Analysis
The USD/JPY pair fell during the session on Thursday, testing the 101.50 level. Looking at this market, you can see that the support level has been rather stiff below. So it makes sense that we could see...
USD/CAD Forecast April 11, 2014, Technical Analysis
The USD/CAD pair rose during the session on Thursday, bouncing off of the 1.0850 level. This area of course is trying to offer some type of support for a market that has broken down significantly. A break...
GBP/USD Forecast April 11, 2014, Technical Analysis
The GBP/USD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer. This area looks as if it is attracting more buyers, and that we will...
EUR/USD Forecast April 11, 2014, Technical Analysis
The EUR/USD pair rose during the session on Thursday, breaking to the 1.39 handle. The market has been relatively parabolic though, so there is the possibility that we will pullback in the near future. However, that pullback...
AUD/USD Forecast April 11, 2014, Technical Analysis
The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact...
Japanese/Chinese Data Points to Slowdown – Paxforex
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...