EUR/USD Forecast August 22, 2013, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, as the US dollar gained a little bit of a boost from the minutes that were released out of the Federal Reserve from the last meeting.
Month: August 2013
AUD/USD Forecast August 22, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday as you can see, but more importantly found the 0.90 level supportive enough in order to form a hammer. This candle suggests that we are going to bounce...
Fed Offers No Hints on Tapering
The latest Fed minutes have been released and there have been no new hints on tapering. Investors are increasingly nervous and impatient after Bernanke mentioned the much dreaded ‘t-word’; tapering. Currently the U.S. wastes $85 Billion per...
USD/JPY Forecast August 21, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see really didn’t go too far. We think that this market is essentially in a bit of a malaise at the moment, and probably...
USD/CAD Forecast August 21, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, slamming into the 1.04 handle. While this is a significant resistance area, we do not feel that this market has completely broken out until we get above the...
GBP/USD Forecast August 21, 2013, Technical Analysis
The GBP/USD pair went higher during the session on Tuesday, breaking the top of the shooting star from the Monday trading hours. However, we think that this market is going to run into trouble the closer we...
EUR/USD Forecast August 21, 2013, Technical Analysis
The EUR/USD pair finally broke above the 1.34 handle during the session on Tuesday, and as a result it looks like the Euro is going to in fact beat up on the US dollar.
AUD/USD Forecast August 21, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, but bounced in order to form a hammer. As you can see, the 0.90 level has offered support and now we have to wonder whether or not there...
NZD/USD: Range Still Intact (August 21, 2013)
NZD/USD is still moving sideways lately, as resistance at the top of the range or at the .8100 major psychological level still held this week. At the same time, stochastic is pointing down, hinting at a potential...
GBP/USD: Rally to Continue? (August 20, 2013)
GBP/USD has made another new high recently, as it broke slightly above the bullish pennant or flag pattern on its 1-hour time frame. However, it appears that the upward pressure isn’t that strong yet and the pair...