USD/CAD Forecast April 6, 2012, Technical Analysis
The USD/CAD pair fell after touching the parity level on Thursday as we had predicted. This pair is currently one of the most reliable ones in the sense that it has been so range bound.
Month: April 2012
USD/JPY Forecast April 6, 2012, Technical Analysis
The USD/JPY pair fell for much of the session on Friday, only to pop back up to form a hammer just above the 82 support level. The pair looks strong still, and we are long of it....
Forex-Metal Daily Analysis -05/04/2012
Technical analysis for 5/04
AUD/USD Forecast April 5, 2012, Technical Analysis
The AUD/USD pair fell on Wednesday as the risk off trade can back into play. The pair stopped falling at the 61.8% Fibonacci level. The 200 day EMA is above the pair now, and we are watching...
GBP/USD Forecast April 5, 2012, Technical Analysis
The GBP/USD pair fell for much of the Wednesday session as the Dollar continued to gain against most other currencies. The Pound of course wasn’t any different, and this saw the bears take control for most of...
USD/JPY Forecast April 5, 2012, Technical Analysis
The USD/JPY pair fell during the session on Friday as the risk off trade came back. The pair did manage to hold above the 82 level, and this is a good sign for the bulls. The hammer...
EUR/USD Forecast April 5, 2012, Technical Analysis
The EUR/USD pair fell hard on Wednesday as the European Central Bank head Mario Draghi had very dovish comments during the press conference that the central bank held. The Spanish also had trouble selling bonds, and the...
Positive US Data Helps Greenback Extend Gains
The US dollar saw significant gains against virtually all of its main currency rivals yesterday, as positive US fundamental data helped boost confidence in the US economy. The AUD/USD dropped to an 11-week low, while the EUR/USD...
EUR/USD Forecast April 4, 2012, Technical Analysis
The EUR/USD pair fell hard on Tuesday as the Federal Reserve released its minutes of the last meeting. The lack of any real support for another round of quantitative easing sent people back into the Dollar, and...
USD/JPY Forecast April 4, 2012, Technical Analysis
The USD/JPY pair shot straight up on Tuesday as the Federal Reserve minutes made no real mention of any form of quantitative easing coming in the near future. The release solidified the bullishness of this pair as...