USD/JPY Forecast February 6, 2013, Technical Analysis
The USD/JPY pair had an outstanding day on Tuesday, as we not only got back all the losses for Monday, but we also managed to break the top of that day’s range. With this being the case,...
Month: February 2013
USD/CAD Forecast February 6, 2013, Technical Analysis
The USD/CAD pair had a negative session on Tuesday, almost erasing the gains from Monday. However, we sit just above a significant amount of support, and as a result we don’t see a clear path lower.
GBP/USD Forecast February 6, 2013, Technical Analysis
The GBP/USD pair fell again during the session on Tuesday, after initially trying to breakout and above the 1.58 handle. The reverse was pretty wicked, and as a result the candle looks absolutely horrible.
EUR/USD Forecast February 6, 2013, Technical Analysis
The EUR/USD pair dipped below the 1.35 handle during the session on Tuesday, but bounced back in order to close just under 1.36 as the buyers stepped in and defended the 1.35 handle after all.
AUD/USD Forecast February 6, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, closing underneath the 1.04 level again. However, we did start to see a bounce in the pair at the same levels we have seen over the last couple...
GFM Research Daily Report, Feb 06, 2013
Market Commentary The US Dollar traded mixed wherein it traded flat against the Euro and the Swiss Franc whereas the British Pound, the Aussie Dollar and the Japanese Yen continued to stumble. Though mild correction was witnessed...
Euro Takes Losses Ahead of ECB Meeting Later This Week
The euro reversed some of its recent gains throughout yesterday’s trading session, as investors eagerly await the outcome of a European Central Bank (ECB) meeting later this week. Additionally, a report indicating an increase in Spanish unemployment...
USD/JPY Forecast February 5, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, after initially breaking higher. The pair is overextended by anybody’s measure at this point in time, so a pullback really isn’t too far out of the normal stretch...
USD/CAD Forecast February 5, 2013, Technical Analysis
The USD/CAD pair fell during the Monday session, but found plenty of support at the 0.9950 level in order to bounce and form a hammer or the daily candle. This hammer suggests that we are going to...
GBP/USD Forecast February 5, 2013, Technical Analysis
The GBP/USD pair rose during the session on Monday, as the 1.57 level continues offer support. However, right now we look at this market as one that is simply consolidating somewhere between 1.57 and 1.59, and because...