GBPUSD Analysis – August 18, 2013
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, and the rise extends to as high as 1.5656. Further rise is still possible, and next target would be at 1.5800...
Month: August 2013
EURUSD Analysis – August 18, 2013
EURUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.2756. As long as the channel support holds, the uptrend could be expected to continue, and further rise to 1.3500 area would...
USD/JPY Forecast August 19, 2013, Technical Analysis
The USD/JPY pair rose during the session on Friday, but as you can see it was an overly impressive move. We ended up closing the market roughly 97.50, and as a result we are essentially at a...
USD/CAD Forecast August 19, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, but as you can see essentially went nowhere by the end of the day. Because of this we feel that this market is essentially going into some sort...
GBP/USD Forecast August 19, 2013, Technical Analysis
The GBP/USD pair did very little during the session on Friday, as you can see essentially sitting still. Because of this we think that the market is simply trying to catch its breath after the big breakout.
EUR/USD Forecast August 19, 2013, Technical Analysis
The EUR/USD pair did very little during the session on Friday, but what’s interesting is that we formed a neutral candle just underneath the 1.34 handle. Remember, we have been talking about how 1.34 is significant in...
AUD/USD Forecast August 19, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, but as you can see could not breakout above the resistance. In fact, we see the 0.93 handle as crucial for the buyers to get past in order...
USD/JPY Forecast August 16, 2013, Technical Analysis
The USD/JPY pair tried to rally during the session on Thursday, but as you can see the market fell apart and the pair ended up below the 98 handle. That being the case, we have a big...
USD/CAD Forecast August 16, 2013, Technical Analysis
The USD/CAD pair tried to rally during the session on Thursday, but failed to hang onto gains as the markets pummeled the Dollar. The worse than expected US economic numbers shocked the markets, and as a result...
GBP/USD Forecast August 16, 2013, Technical Analysis
The GBP/USD pair rose during the session on Thursday, breaking above the 1.55 handle again. That being said, looks like were heading towards the 1.5750 level, and as a result we can expect this market to continue...