Deadline to US Debt Ceiling – Paxforex
Tomorrow is the last day for US politicians to reach an agreement on the debt ceiling as October 17th around midnight New York time the US will slide down the road of debt default as it will...
Month: October 2013
USD/JPY Forecast October 16, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, showing that the bottom of the previous wedge is in fact offering resistance. However, we did bounce a little bit towards the end of the session so were...
USD/CAD Forecast October 16, 2013, Technical Analysis
The USD/CAD pair tried to rally during the session on Tuesday, but as you can see ran into enough trouble just below the 1.04 level in order to keep the rally from going anywhere. At the end...
GBP/USD Forecast October 16, 2013, Technical Analysis
The GBP/USD pair fell during the session on Tuesday, but slammed back into the 1.60 handle by the end of the day in order to form a nice looking hammer. The previous session formed a shooting star,...
EUR/USD Forecast October 16, 2013, Technical Analysis
The EUR/USD pair fell during the session on Tuesday, but found the 1.35 level to be supportive enough in order to bounce and form a hammer. This hammer suggests to us that we are to stay within...
Potential Reversal on EUR/USD? (October 16, 2013)
A complex head and shoulders pattern seems to be forming on EUR/USD’s 4-hour time frame, as the pair is testing the neckline around the 1.3500 handle.
AUD/USD Forecast October 16, 2013, Technical Analysis
AUD/USD rose during the session on Tuesday, but fell back down in order to form a perfect shooting star. This shooting star is sitting right around the 0.95 handle, so there is a real chance that we...
USD/JPY Forecast October 15, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Monday, slamming into the bottom of the massive wedge that we have been following. The real question is whether or not the markets will be able to contain...
USD/CAD Forecast October 15, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but found support again at the 1.0350 region. This area should be supportive as far as we can tell, and as a result we are not ready to...
GBP/USD Forecast October 15, 2013, Technical Analysis
The GBP/USD pair tried to rally during the session on Monday, but as you can see the 1.60 level offered far too much resistance, and as a result the market formed a little bit of the shooting...