GBP/USD Forecast November 8, 2012, Technical Analysis
GBP/USD initially poked through the 1.60 level as the US dollar sold off. However, by the end of the session we fell back down in order to form a shooting star that sits just on the 100...
Month: November 2012
EUR/USD Forecast November 8, 2012, Technical Analysis
EUR/USD initially spiked during the session on Wednesday with the Obama reelection, as it was thought that the US dollar would be devalued through more quantitative easing and extreme spending.
AUD/USD Forecast November 8, 2012, Technical Analysis
The AUD/USD pair attempted to rally during the Wednesday session, but found a ton of resistance of the 1.05 area. Because of this, we have formed a massive shooting star that sits just ensemble the 1.04 level,...
NZD/USD: Kiwi Plunges as Unemployment Soars to 13-Year High
The New Zealand dollar is foreseen to weaken further opposite the US dollar today on a deteriorating economic outlook for the South Pacific economy.
EUR/GBP: Bearish as the Greek Parliament Prepares to Vote on Austerity
Amidst the uncertainties surrounding the Euro area, the single currency won over the British pound in yesterday’s European trades as British home prices declined for a second straight year, on weak prospects for the UK economy and...
Greek Vote Set to Generate Euro Volatility Today
The currency markets were relatively quiet yesterday, as uncertainties regarding the outcome of the US presidential election led to investors holding off on opening big positions.
USD/JPY Forecast November 7, 2012, Technical Analysis
The USD/JPY pair bounced fairly hard off of the 80 handle during the session on Tuesday, and formed a green hammer. This pair is essentially waiting the results of the US Presidential election, and as such did...
USD/CAD Forecast November 7, 2012, Technical Analysis
The USD/CAD currency pair fell during the session on Tuesday as the 200 day moving average offers resistance. However, the 0.9900 level is support and we have to see whether or not we are going to break...
GBP/USD Forecast November 7, 2012, Technical Analysis
The GBP/USD pair did very little during the Tuesday session as we remain just below the 1.60 level. This area is a scene of significant consolidation, and we are towards the bottom of that region.
EUR/USD Forecast November 7, 2012, Technical Analysis
The EUR/USD pair fell below the 1.28 level for the second day in a row on Tuesday, only to pop back up and form a hammer yet again. The Euro is showing a significant amount of resilience...