The USD/CAD pair bounced off of the parity level yet again on Wednesday, and rose to finish the day higher than the previous two highs from the last week and half or so. This is starting to...
The GBP/USD pair initially tried to rally during the session on Wednesday, but was met with selling at the 1.59 level. The candle is bearish, and we are breaking the lows of the previous session which of...
The EUR/USD pair shot straight up during the session on Wednesday, but gave up quite a bit of its gains in order to form something that looks quite a bit like a shooting star.
The AUD/USD pair fell precipitously during the Wednesday session as we continue to bounce around the 1.04 level. The markets took a serious “risk off” attitude during the session on Wednesday, and as usual the Australian dollar...
When traders get really good and bearish, how often does a market then turn around? I have often felt that it is the markets function to fool as many people as possible. After all, if it were...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance after the FOMC meeting yesterday. The Dollar Index is expected to again find resistance at 81.00-81.20 ranges from where is sold...
The release of the Westpac Consumer Sentiment and Wage Price Index data resulted to the rise of the Australian dollar by 54 pips versus the Japanese yen in the previous Asian trading exchanges.
Date: 13.11.2012 Time: 18:15 Rate: 79.44 4 Hour chart Last Review USD/JPY Forecast- Indeed the descending price structure has lead the price to the 79.16 Fibonacci correction level (50% technical correction level of the uptrend marked with...
Date: 13.11.2012 Time: 17:26 Rate: 0.9506 4 Hour chart Last Review USD/CHF Forecast- The price has climbed towards the 0.9513 price level but stopped at the peak of the harmonic pattern named “butterfly” (blue triangles). By this...
Date: 13.11.2012 Time: 17:15 Rate: 1.0431 4 Hour chart Last Review AUD/USD Forecast- the price has breached the 1.0387 price level but left a large shadow downwards by doing that (it shows an aggressive come back of...
