AUD/USD Forecast May 30, 2012, Technical Analysis
The AUD/USD pair had a slightly positive day on Tuesday, but not without the bears trying to send the pair back down. Still, at the end of the session the candle wasn’t all that impressive.
Month: May 2012
USD/CAD Forecast May 30, 2012, Technical Analysis
The USD/CAD pair fell on Tuesday in order to form a bearish engulfing candle for the session. Although this could be a sell signal, we cannot help but notice how far this market had come up to...
Spain Concerns Cause Additional Euro Losses
After reaching as high as 1.2573 against the US dollar in early morning trading yesterday, the euro once again turned bearish as investor concerns regarding the health of Spanish banks weighed down on the common currency.
Forex-Metal Daily Analysis -29/05/2012
Technical analysis for 29/05
Euro Reverses Gains During Light Trading Day
After a Greek poll over the weekend indicated that pro-austerity political parties are gaining popularity ahead of next month’s elections, the euro turned bullish against several of its main currency rivals to start off the week.
EUR/USD Forecast May 29, 2012, Technical Analysis
The EUR/USD pair had a nice gap to open up the week on Monday, but by the end of the session most of it had been reclaimed. The rumors that the Europeans were putting together some kind...
USD/JPY Forecast May 29, 2012, Technical Analysis
The USD/JPY pair fell for much of the low volume holiday session on Monday, but did manage to bounce just a bit. The lack of volume in America will have us waiting for further confirmation, but the...
GBP/USD Forecast May 29, 2012, Technical Analysis
The GBP/USD pair attempted to rally during the Monday session, but failed to have any follow through. The pair has been sold off in a steady and ruthless manner, and the fact that the bulls can’t push...
AUD/USD Forecast May 29, 2012, Technical Analysis
The AUD/USD pair formed a gap at the open this week as rumors of a European bank bailout fund started to make their way around the trading desks globally. However, 24 hours later there have been no...
USD/CAD Forecast May 29, 2012, Technical Analysis
The USD/CAD pair had a bearish session on Monday as the thin volume provided an opportunity for the sellers to take the ball for a day. The pair has been extremely bullish lately, and the move impressive.