USD/CAD Forecast April 25, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Wednesday, but as you can see has remained in a fairly tight range for the last couple of weeks.
Month: April 2013
GBP/USD Forecast April 25, 2013, Technical Analysis
The GBP/USD pair had a slightly positive session on Wednesday, clinging to the 1.5250 area yet again. However, this market is essentially “dead money” at the moment, as it simply has no drive to break in one...
EUR/USD Forecast April 25, 2013, Technical Analysis
The EUR/USD pair fell during much of the session on Wednesday, but as you can see bounced enough to form a decent looking hammer and close above the 1.30 level.
AUD/USD Forecast April 25, 2013, Technical Analysis
The AUD/USD pair broke higher during the Wednesday session, tripping the buy orders that would’ve been at the top of the hammer from the Tuesday session, and formed a candle the looks very much like a hammer...
USD/JPY Forecast April 24, 2013, Technical Analysis
The USD/JPY fell during the session on Tuesday, but bounced enough to in the positive for the session, forming a nice looking hammer just below the all-important 100 handle.
USD/CAD Forecast April 24, 2013, Technical Analysis
The USD/CAD pair had a slightly positive session for the trading day on Tuesday, but formed a shooting star yet again. This is the second shooting star in a row, which was preceded by two hammers. This...
GBP/USD Forecast April 24, 2013, Technical Analysis
The GBP/USD pair fell during the session again on Tuesday, but found enough support just below the 1.5250 level to bounce and stay within the tight range that we have been in lately.
EUR/USD Forecast April 24, 2013, Technical Analysis
The EUR/USD pair fell during most of the session on Tuesday, piercing the 1.30 level. This area has been the bottom of the recent consolidation, and as a result we feel that this market may simply continue...
AUD/USD Forecast April 24, 2013, Technical Analysis
The AUD/USD pair fell during most of the session on Tuesday, but found support just above the 1.02 handle as expected. The reason for this is that the 1.02 handle has certainly been supportive over the last...
Shallow Retracement or Breakdown on EUR/USD (April 24, 2013)
EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. After all, fundamentals in the euro zone remain very weak as the region grapples with several financial and economic challenges.