GBP/USD Forecast March 15, 2012, Technical Analysis
The GBP/USD pair fell during the Wednesday session, but failed to break below the 1.56 level. The pair continues to look weak as the market presses against the supportive area.
Month: March 2012
USD/JPY Forecast March 15, 2012, Technical Analysis
The USD/JPY pair continued to rise in Wednesday session as the massive move up continues. The pair is in the middle of a trend change, and now we have the moving averages confirming this.
EUR/USD Forecast March 15, 2012, Technical Analysis
The EUR/USD pair fell for most of the session on Wednesday to test the 1.30 support level. The area is actually a 200 pip “thick” zone, and as such we don’t consider it broken until we get...
Retail Sales Figure Leads to Dollar Gains
Investors took positive US retail and core retail sales figures, both released yesterday, as further evidence of growth in the world’s biggest economy. As a result, the USD/JPY shot up to 82.83 during the afternoon session, a...
USD/CAD Forecast March 14, 2012, Technical Analysis
The USD/CAD pair fell for the session on Tuesday as the “risk on” attitude came back into the markets. The parity level above continues to push prices lower in this pair, and as a result this pair...
AUD/USD Forecast March 14, 2012, Technical Analysis
The AUD/USD pair fell during the Tuesday session to form a second hammer in a row. The pair looks healthy at this point, and the 1.05 level seems to keep offering more buyers. The pair is bullish...
USD/CHF Forecast March 14, 2012, Technical Analysis
The USD/CHF pair rose during the Tuesday session as the Dollar got a bid in general. The Federal Reserve offered no real hint at QE3 during a statement on Tuesday, and this suggests that the US economy...
GBP/USD Forecast March 14, 2012, Technical Analysis
The GBP/USD pair rose during the session on Tuesday as the Federal Reserve suggested that the economy is getting slightly better in the United States. However, there was no mention of quantitative easing, and because of this,...
USD/JPY Forecast March 14, 2012, Technical Analysis
The USD/JPY pair fell at first on Tuesday, but managed to pop hard to the upside in the most recent example of a market that simply doesn’t want to fall for any significant amount of time.
EUR/USD Forecast March 14, 2012, Technical Analysis
The EUR/USD pair fell again for the Tuesday session as the Federal Reserve failed to suggest that further quantitative easing is on the way. This strengthened the Dollar, and the Euro took it hard.