USD/JPY Forecast August 20, 2013, Technical Analysis
The USD/JPY pair rallied during the session on Monday, but as you can see failed to hang onto the gains in order to form a fairly neutral looking candle. We believe that the 97.50 area is in...
Month: August 2013
USD/CAD Forecast August 20, 2013, Technical Analysis
The USD/CAD pair rose slightly during the session on Monday after initially dipping, but as you can see the market still remains tied up in a relatively tight trading range.
GBP/USD Forecast August 20, 2013, Technical Analysis
The GBP/USD pair rallied during the session on Monday, breaking above the 1.5650 level. However, as you can see we did not hold onto much of the gains in it appears that the market is getting a...
EUR/USD Forecast August 20, 2013, Technical Analysis
The EUR/USD tried to rally during the session on Monday, but as you can see gave up most of the gains as we reach towards the 1.34 level. Because of this, it shows is that this market...
AUD/USD Forecast August 20, 2013, Technical Analysis
The AUD/USD pair fell during the session on Monday, continuing to grind away with a negative attitude. The markets seem to be heading towards the 0.90 handle, and as a result we are more than comfortable selling...
Risk/Reward Ratio – a tool in the money management system
There is a saying in the trading world that if you are trading without a stop loss and without having a proper risk/reward ratio you are doomed to failure. From my point of view this holds true...
USDCAD Analysis – August 18, 2013
USDCAD remains in downtrend from 1.0608, the rise from 1.0245 is likely consolidation of the downtrend. Deeper decline to 1.0150 area is still possible after consolidation. Resistance is at 1.0445, only break above this level could trigger...
USDCHF Analysis – August 18, 2013
Being contained by 0.9130 support, USDCHF rebounded from 0.9174. However, another fall to re-test 0.9130 support would likely be seen over the next several days, a breakdown below this level will signal resumption of the downtrend from...
USDJPY Analysis – August 18, 2013
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 101.53. Further decline to test 93.79 key support is still possible, as long as this level holds, the price action from 103.73...
AUDUSD Analysis – August 18, 2013
AUDUSD is in consolidation of the downtrend from 1.0582. Range trading between 0.8847 and 0.9344 would likely be seen over the next several days. Key resistance is at 0.9344, as long as this level holds, the downtrend...