EUR/USD Forecast May 7, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, but as you can see bounced of the 200 day moving average. The 200 day EMA has been flat for some time, and as a result trend traders...
Month: May 2013
AUD/USD Forecast May 7, 2013, Technical Analysis
The AUD/USD pair fell during the session on Monday, but bounced towards the end of the day just above the 1.02 support level. This level has been rather supportive lately, and as a result we are not...
USD/CAD: Trading the Ivey PMI Release (May 6, 2013)
After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame.
USDCAD Analysis – May 5, 2013
USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area.
USDCHF Analysis – May 5, 2013
USDCHF stays in a trading range between 0.9206 and 0.9567. Support is at 0.9206, a breakdown below this level will indicate that the downtrend from 0.9567 has resumed, then further decline towards 0.9000 could be seen.
USDJPY Analysis – May 5, 2013
USDJPY moves sideways in a range between 95.82 and 99.94. As long as 95.82 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14, one more rise towards 105.00 is...
AUDUSD Analysis – May 5, 2013
AUDUSD remains in downtrend from 1.0582, the rise from 1.0220 is treated as consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, another fall towards...
GBPUSD Analysis – May 5, 2013
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be...
EURUSD Analysis – May 5, 2013
EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be...
USD/JPY Forecast May 6, 2013, Technical Analysis
The USD/JPY pair rose during the session after a very strong jobs report for the month of April, as the US employment situation turned out to be much stronger than anticipated.