Forex-Metal Daily Analysis -29/03/2011
Expectations for interest rate increase ruling the market.
Month: March 2011
USD/CAD Forecast for March 29, 2011
USD/CAD has been wondering around aimlessly in the 300 pips range of 0.97 to 1.000 for the last several weeks. There is nothing on this chart that suggests this is going to change anytime soon. Because of...
AUD/USD Forecast for March 29, 2011
The AUD/USD has broken out of the recent consolidation area between 0.97 and 1.0000. Because of this, you cannot risk taking a short position, even if the daily bar is shaped like a shooting star. There is...
USD/JPY Forecast for March 29, 2011
The USD/JPY has had another slightly bullish day today. It currently finds itself grinding up towards the 82 handle which was once support for this pair. Because of this – resistance should be found here. However, there...
EUR/CHF Forecast for March 29, 2011
The EUR/CHF finds itself hanging just below the 1.30 resistance line. Because of this, going long this pair at the moment is going to be difficult, especially seeing as it is in a major down trend. It...
GBP/JPY Forecast for March 29, 2011
The GBP/JPY finds itself still sitting in between the 135 and 125 handles as there has been massive consolidation over the last 9 months or so. This should continue as there has only been one attempt to...
AUD/NZD Forecast for March 29, 2011
The AUD/NZD continues to hover above the 1.35 area, and as long as it does – this remains bullish as far as bias goes. A break below the 1.35 area is very poor for the outlook of...
NZD/USD Forecast for March 29, 2011
The Kiwi dollar has formed a doji today, signaling a possible pause in this pair. While it hovers around this area, it should be noted that the 0.75 handle is retaining its form. Because of this, the...
GBP/CHF Forecast for March 29, 2011
The GBP/CHF has bumped off of the 1.48 resistance zone, and continued the move downward today. A minor support area is needed to be overcome at the 1.46 area, and after that we could see a retest...
EUR/GBP Forecast for March 29, 2011
The EUR/GBP currently continues the recent show of strength with yet another bullish day. However, it should be noted that the 0.88 handle has been very influential in the past, and is very likely to be so...