GBP/USD Forecast November 4, 2013, Technical Analysis
The GBP/USD pair fell hard during the session on Friday, crashing into the 1.59 handle. That level offered support previously, and therefore it’s not surprising to see it offer support now.
Month: November 2013
EUR/USD Forecast November 4, 2013, Technical Analysis
The EUR/USD pair fell hard during the session on Friday, slamming into the 1.3500 level. This is an area that should provide a lot of support though, and even though we closed at the very bottom of...
AUD/USD Forecast November 4, 2013, Technical Analysis
The AUD/USD pair tried to rally initially during the session on Friday, but as you can see the 0.95 level offered resistance yet again. The shooting star is the third one in a row, but quite frankly...
GBP/USD Range Setup (November 1, 2013)
GBP/USD is approaching the bottom of its range on the 1-hour time frame, and it just might reach that support level depending on the UK manufacturing PMI release. The report is projected to post a small decline,...
USD/JPY Forecast November 1, 2013, Technical Analysis
The USD/JPY pair fell during the balance of the session on Thursday, but bounced enough to form a hammer, which of course is a bullish sign. The market has a certain amount of resistance above, but overall...
USD/CAD Forecast November 1, 2013, Technical Analysis
The USD/CAD pair fell hard during the session on Thursday, but found the 1.04 level supportive yet again. Because of this, we feel that this market will continue to go higher, and we may see a buying...
GBP/USD Forecast November 1, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Thursday, but as you can see we still see the 1.60 level as being supportive. The support area does offer a potential buying area, but we...
EUR/USD Forecast November 1, 2013, Technical Analysis
The EUR/USD pair fell hard during the session on Thursday, breaking below the 1.36 handle. The candle closedat the very bottom of the range, but it the end of the day we still believe there is a...
AUD/USD Forecast November 1, 2013, Technical Analysis
The AUD/USD pair rose above the 0.95 handle during the session on Thursday, but as you can see found enough resistance above that large figure in order to push the market back down and form a shooting...