USD/CAD Forecast August 14, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, for the second day in a row. This of course is a very strong sign, except for the fact that we are currently stuck in what we consider...
Month: August 2013
GBP/USD Forecast August 14, 2013, Technical Analysis
The GBP/USD pair fell during the session on Tuesday after initially trying to rally and get back above the 1.55 handle. This failure produced a shooting star, and that of course is a very negative sign. We...
EUR/USD Forecast August 14, 2013, Technical Analysis
The EUR/USD pair fell during the session on Tuesday, but as you can see found enough support to bounce a bit towards the end of the day. There is plenty of support below, and until we get...
AUD/USD Forecast August 14, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, forming a shooting star after initially trying to make something positive out of the day. Because of this, we still feel that this market is going to fall,...
Forex Major Currencies Outlook (August 13, 2013)
USD The US dollar started the week on a strong note, despite the Federal budget balance release which confirmed that the government surplus of more than 100 billion USD has turned into a deficit of nearly 100...
GBP/USD: Trading the UK CPI Release (August 13, 2013)
The UK is scheduled to release its annual CPI reading today and possibly show bleaker inflation of 2.8% compared to the previous 2.9% reading. However, this is still way above the BOE’s 2% inflation target, which should...
USD/JPY Forecast August 13, 2013, Technical Analysis
The USD/JPY pair rose during the session on Monday, breaking back above the 97 handle. We will see resistance at 98, but quite frankly we think the longer-term trend is still going to be up over time.
USD/CAD Forecast August 13, 2013, Technical Analysis
The USD/CAD pair rose during the session on Monday, peeking back above the 1.03 level again. That being said, we still think that this market is basically range bound and aren’t overly impressed by this move.
GBP/USD Forecast August 13, 2013, Technical Analysis
The GBP/USD pair fell during the session on Monday, slicing back through the 1.55 handle. However, there is quite a bit of support below and we are not willing to start shorting this pair at the moment.
EUR/USD Forecast August 13, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, as we sliced through the 1.33 handle. However, you can see that there is a significant amount of support below there, so the buyers may step in and...