EURUSD Analysis – October 27, 2013
EURUSD’s upward movement from 1.2756 extends to as high as 1.3832. Support levels are at 1.3695 and 1.3600, as long as these levels hold, the uptrend could be expected to continue, and next target would be at...
Month: October 2013
Long-term Pullback on NZD/USD (October 25, 2013)
For the Kiwi bulls, the recent selloff in the Kiwi might be an opportunity to catch a long trade at a better price. However, the pair has still a few hundred pips to go before reaching potential...
USD/JPY Forecast October 25, 2013, Technical Analysis
The USD/JPY pair fell slightly during the session on Thursday, but as you can see remains above the 97 handle. This area is often a little bit of support, and as a result we think that this...
USD/CAD Forecast October 25, 2013, Technical Analysis
The USD/CAD pair broke higher during the session on Thursday, closing well above the 1.04 handle. This is the signal that we’ve been looking for, and as a result we are willing to buy this pair now...
GBP/USD Forecast October 25, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Thursday again, hugging the 1.62 level as the market seems to be attracted to it. This is resistance that we have to get over, and we...
EUR/USD Forecast October 25, 2013, Technical Analysis
The EUR/USD pair rose during the session on Thursday, breaking the 1.38 handle during the day. However, we could not hang onto the gains above there, and therefore forward a bit of the shooting star.
AUD/USD Forecast October 25, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday gain, but as you can see bounced as we got below the 0.96 handle. This area is offering a little bit of support, and as a result we...
What are the political and economic factors associated with forex trading?
For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets can be bewildering.
EUR/USD: Another Consolidation Break? (October 24, 2013)
EUR/USD is inside another consolidation pattern on its 1-hour time frame and, based on previous price action, this could mean another upside break.
USD/JPY Forecast October 24, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Wednesday, breaking down to the 97 handle. That being the case, it appears of this market is trying to find some type of support in this general vicinity,...