The Dollar traded mixed against the FX majors wherein it has appreciated against the Euro, the Cable and the Swiss France where as the USD has weakened by about 50 pips against the Aussie Dollar.
The USD/JPY pair fell during the session on Monday as the markets essentially did very little before the US Presidential elections. This by far is the most interesting pair for us over the next 24 hours as...
The USD/CAD pair rose during the session after going back and forth overall on Monday. We still sit just under the 200 day exponential moving average, and above the 0.99 support level.
The GBP/USD pair fell during the session to get below the 1.60 level at the close. This is a relatively negative expression on this pair, but the truth is we still haven’t broken down below the lowest...
The EUR/USD pair fell during the Monday session, but got a bit of a bounce once the market fell below the 1.28 level. The resulting candle is somewhat hammer like, but this sets up a very obvious...
The AUD/USD pair rose during the session as the 1.03 level seems to be holding as support. We still have significant resistance at 1.04, and we still feel that we’re consolidating overall between the 1.02 and 1.06...
Weekly chart Gold Forecast- The price has stopped on the 1790 resistance level for the third time (red small arrows) and in addition it is possible to see that the trend line connecting the lows is used...
Monthly chart GBP/USD Forecast- It is still impossible to know the direction of the price while it is congregating into a symmetric triangle marked with black broken lines and moving sideways to the length of the Bollinger’s...
Monthly chart Last review EUR/USD Forecast- The price has corrected the last downtrend which started on the 1.5000 price level (red broken line) towards the 38.2% correction level by reaching the 1.3150 price level and immediately went...
After an optimistic labor market report last Friday, which showed that American employers added more workers than forecast to payrolls in October, risk confidence in the financial markets wane anew, and the USD/CAD is seen likely to...
