AUD/USD Forecast April 17, 2013, Technical Analysis
The AUD/USD pair rose during the session on Tuesday, slamming into the 1.04 level. This level has been the “middle line” of the larger consolidation area that we have been stuck in for ages now.
Month: April 2013
AUD/USD: Potential Retest of 1.0400 (April 16, 2013)
AUD/USD had a sharp selloff since Thursday last week as weak Chinese data and weak Australian data have been weighing the pair down. The recent release of the weaker than expected Chinese GDP, which came short at...
USD/JPY Forecast April 16, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Monday, as the Yen was bought up against most other currencies. However, as you can see we did get a little bit of a bounce towards the end...
USD/CAD Forecast April 16, 2013, Technical Analysis
The USD/CAD currency pair has been grinding away in a 100 pip range for her a couple of weeks now. However, during the Monday session we saw the market finally break above the recent highs, and as...
GBP/USD Forecast April 16, 2013, Technical Analysis
The GBP/USD pair fell during the session on Monday, as all “risk on” pairs did. However, the 1.5250 level offered enough support to keep the market above it. This was her previous resistance, so is interesting to...
EUR/USD Forecast April 16, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, as the “risk off” attitude came back into the marketplace. The 1.31 level offered resistance as we had suspected it would, but you can see that the 1.30...
AUD/USD Forecast April 16, 2013, Technical Analysis
The AUD/USD pair fell drastically during the Monday session as the pair cleared two handles at one point. We are now well below the 1.04 handle, and have actually broken below 1.03 at one point during the...
EUR/USD: Long-Term Reversal Signals (April 15, 2013)
EUR/USD has been having a difficult time breaking past the 1.3100 major psychological resistance level. After all, this area has served as support and resistance in the past as plenty of buyers and sellers are keeping a...
USDCAD Analysis – April 14, 2013
USDCAD stays below a downward trend line on daily chart, and remains in downtrend from 1.0341. Further decline could be expected next week, and next target would be at 1.0000 area. Resistance is at the trend line,...
USDCHF Analysis – April 14, 2013
USDCHF had formed a cycle top at 0.9567 on daily chart. Further decline would likely be seen, and next target would be at 0.9100 area. Resistance is at 0.9370, as long as this level holds, the downtrend...