The USD/CAD pair fell most of the session on Thursday, but the 0.98 handle offered enough support in order to push this pair almost to the unchanged level. The resulting candle is a hammer, and it looks...
The GBP/USD pair initially rose during the session on Thursday, but failed at the 1.62 handle as the sellers stepped in. More concerning is the fact that we closed the very bottom of the range, and the...
The EUR/USD pair initially rose during the Thursday session, but found resistance too strong at the 1.31 handle. This general vicinity looks like it’s trying to form a bit of a double top, but the pullback should...
The AUD/USD pair rose during the session on Thursday, to test the 1.04 handle. This area is the “middle” of the consolidation area that we currently see between 1.06 and the 1.02 handles.
Date: 17.10.2012 Time: 17:25 Rate: 1. 3130 Daily chart Last Review Eur/USD forecast: The price is very close to the 1.3070 price level, breaching this level will create an ascending price structure which will probably lead the price towards...
Date: 17.10.2012 Time: 17:45 Rate: 1.6158 4 Hour chart Last Review The price has breached the 1.6100 price level and corrected 61.8% of the last downtrend (red broken line), and in addition reached the upper lip of...
Date: 17.10.2012 Time: 18:12 Rate: 0.9219 4 Hour chart Last Review USD/CHF forecast – The price did break the 0.9300 lower ranging level and it looks like it is making its way towards the last low on the...
Anticipating positive results from another EU Summit, the Euro has moved higher this week, breaking to the top side of the pennant formation on the chart.
The AUD/USD pair had an outstanding day during the Wednesday session as the 1.02 level now looks more supportive than ever. The market found its way through the 1.03 handle, and is actually approaching the 1.04 handle.
The EUR/USD pair shot straight up during the session on Tuesday as the 1.30 handle has given way completely. In fact, we managed to go through the 1.31 handle, and it looks like we are going to...
