EUR/USD Forecast April 16, 2012, Technical Analysis
The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro.
Month: April 2012
USD/JPY Forecast April 16, 2012, Technical Analysis
The USD/JPY pair fell slightly for the session on Friday as the “risk off” attitudes hit the markets in general again. The Chinese GDP numbers came out a bit light, and as a result many traders got...
GBP/USD Forecast April 16, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday as the world’s traders sold off risk in general. The Chinese GDP numbers fell flat, and people took risk off going into the weekend as a result. However, the reaction...
AUD/USD Forecast April 16, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the sellers came into the various markets and got rid of risk before the weekend. The 200 day EMA is slicing through the center of the recent price action, and...
USD/CAD Forecast April 16, 2012, Technical Analysis
The USD/CAD pair rose during the Friday session as the “risk off” attitude came roaring back to the markets. The pair continues to find the parity level as resistive, and the market has a resistance zone all...
3 Best Chart Patterns for Forex Trading
When trading Forex one can trade many set-ups that appear to be profitable but actually can lead to more losses than profits. In this article we will cover several of the best set-ups that have been profitable...
3 Power Methods with The Moving Average Indicator
One of the most popular Forex indicator is the moving average – and any newbie hears about the MA crossover strategy and how profitable it is. Well, sorry to burst the bubble but it is not profitable,...
USDCAD Analysis – April 14, 2012
USDCAD traded in a range between 0.9841 and 1.0050 for several weeks. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0523, and one more...
USDCHF Analysis – April 14, 2012
USDCHF formed a sideways consolidation in a range between 0.8931 and 0.9333. Another rise to test 0.9333 resistance would likely be seen next week, a break above this level will signal resumption of the uptrend from 0.7067....
USDJPY Analysis – April 14, 2012
USDJPY’s downward movement from 84.17 extends to as low as 80.58. Deeper decline would likely be seen next week and next target would be at 80.00 area. Resistance is at 82.00, only break above this level could...