USD/CAD Forecast March 4, 2013, Technical Analysis
The USD/CAD pair attempted to rally during the session on Friday, but as you can see gave back all of the gains and then some. This market has been very strong lately, and on the weekly chart...
Month: March 2013
GBP/USD Forecast March 4, 2013, Technical Analysis
The GBP/USD pair fell during the Friday session, and closed right at the 1.50 handle. This is a very bearish turn of events; it appears that the Pound is destined to fall through the 1.50 handle soon.
EUR/USD Forecast March 4, 2013, Technical Analysis
The EUR/USD pair fell through the 1.30 level during the Friday session, but found enough buying pressure there to push market higher and above it. This candle is relatively neutral, with a slightly negative bias.
AUD/USD Forecast March 4, 2013, Technical Analysis
The AUD/USD pair did very little during the session on Friday, as it remains at the 1.02 level. This level is the bottom of a massive consolidation area, which extends all the way back up to the...
Dollar advances after positive data from the US
Economic news (1 March 2013) – The dollar edged higher against most major currency counterparts, including the euro on Thursday, following generally positive economic data coming from the US.
USD/JPY Forecast March 1, 2013 Technical Analysis
The USD/JPY pair did very little during the session on Thursday, as the support continues to build in this market. We did gain overall, but it wasn’t necessarily a strong move. The candle fairly neutral, but it...
USD/CAD Forecast March 1, 2013, Technical Analysis
The USD/CAD pair had a very strong showing on Thursday, after first dropping lower. The break above the 1.03 level was enough to break the top of the shooting star from the Tuesday session, as well as...
GBP/USD Forecast March 1, 2013, Technical Analysis
The GBP/USD pair tried to rally during the Thursday session, but as you can see the range was relatively tight, and the market formed a shooting star shaped candle. Going forward, we do have a hammer any...
EUR/USD Forecast March 1, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday, continuing to consolidate between the 1.3050 level, and the 1.3150 level. This market definitely looks week at this point in time, and with all the problems in Italy...
AUD/USD Forecast March 1, 2013, Technical Analysis
The AUD/USD pair bounced off of the 1.02 support level on Thursday, reaching as higher as the 1.03 handle. The market then gave up the gains and headed lower. The resulting candle is a shooting star, and...