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...
Category: Daily Forex Reports
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...
EUR/USD Trend Reversal (April 10, 2014)
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the...
USD/JPY Forecast April 10, 2014, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some...
USD/CAD Forecast April 10, 2014, Technical Analysis
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this...
GBP/USD Forecast April 10, 2014, Technical Analysis
The GBP/USD pair initially fell during the session on Wednesday, but found enough support underneath in order to move the market higher. The 1.68 level should offer resistance, and as a result we need to clear the...
EUR/USD Forecast April 10, 2014, Technical Analysis
The EUR/USD pair rose during the session on Wednesday, continuing the bullish move that we’ve seen over the last three sessions. We are now heading towards the 1.3850 level, an area that could probably offer quite a...
AUD/USD Forecast April 10, 2014, Technical Analysis
The AUD/USD pair rose during the session on Wednesday, finding enough strength to break out above the highs from the previous session which of course was a breakout candle to begin with. Because of that, we feel...