USD/JPY Forecast October 28, 2013, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Friday, but as you can see found enough support at the 97 handle in order to form a pretty decent looking hammer. Because of this, we...
Month: October 2013
USD/CAD Forecast October 28, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, breaking well above the candle that we had seen printed on Thursday. We are deftly in a buy only type of attitude in this market, and do recognize...
GBP/USD Forecast October 28, 2013, Technical Analysis
The GBP/USD pair rose during the session initially on Friday, but as you can see has formed a shooting star at the close. This of course signifies weakness, but we do not believe that this market going...
EUR/USD Forecast October 28, 2013, Technical Analysis
The EUR/USD pair did almost nothing during the session on Friday, hovering around the 1.38 handle again. Looks like the markets trying to take a little bit of a breather here, which makes sense considering we have...
AUD/USD Forecast October 28, 2013, Technical Analysis
The AUD/USD pair fell during the session on Friday, but as you can see is starting to slow its descent. We still believe that there is a significant amount of support below, namely at the 0.95 handle.
USDCAD Analysis – October 27, 2013
USDCAD’s rise from 1.0182 extends to as high as 1.0460. Resistance located at the downward trend line on daily chart, as long as the trend line resistance holds, the rise could be treated at consolidation of the...
USDCHF Analysis – October 27, 2013
USDCHF’s downward movement from 0.9838 extends to as low as 0.8890. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at the downward trend line on daily chart, as long...
USDJPY Analysis – October 27, 2013
USDJPY stayed in a trading range between 93.79 and 103.73 for several months. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support...
AUDUSD Analysis – October 27, 2013
AUDUSD remains in uptrend from 0.8847, the fall from 0.9756 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart. As long as the channel...
GBPUSD Analysis – October 27, 2013
GBPUSD remains in uptrend from 1.4813, the price action from 1.6259 could be treated as consolidation of the uptrend. Support is at 1.5894, as long as this level holds, the uptrend could be expected to resume, and...