AUD/JPY Double Bottom (October 3, 2013)
AUD/JPY is making a reversal pattern on its 1-hour time frame, which means that the current downtrend could be turning.
Category: Daily Forex Reports
USD/JPY Forecast October 3, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, and actually managed to break below the uptrend line of the larger symmetrical triangle. Even though this is in theory a sell signal, we feel there is support...
USD/CAD Forecast October 3, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is a very indecisive candle after a couple of hammers, so it appears of this market once the go...
GBP/USD Forecast October 3, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, but did not break the top of the shooting star from Tuesday. It doesn’t really matter though, with nonfarm payroll coming so soon, we feel that this market...
EUR/USD Forecast October 3, 2013, Technical Analysis
The EUR/USD pair rose during the session after initially falling on Wednesday, bouncing off the 1.35 handle again. The market actually broke above the top of the shooting star for the Tuesday session, which of course shows...
AUD/USD Forecast October 3, 2013, Technical Analysis
The AUD/USD pair fell during the balance of the session on Wednesday, but as you can see bounced enough to form a hammer. We believe this is a signal of where the market “wants” to go, but...
September 2013 NFP Report – Paxforex
On Friday we are supposed to receive the September NFP report unless the release will be delayed due to the first US government shutdown in 17 years. It really will not impact the figure itself and in...
GBP/USD: 1.6150 Support? (October 2, 2013)
GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher.
USD/JPY Forecast October 2, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see respected the bottom part of the triangle that we have been talking about the last couple of sessions. Because of this, we feel...
USD/CAD Forecast October 2, 2013, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Tuesday, but as you can see found enough support near the 1.03 handle in order to bounce and form a nice looking hammer. This hammer of...