EURUSD Analysis – November 24, 2013
EURUSD remains in uptrend from 1.2747 (Apr 4 low), the fall from 1.3832 is treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as...
Month: November 2013
USD/JPY Forecast November 25, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Friday, but as you can see bounced off the 101 handle in order to form a nice looking hammer. This hammer signifies of the market is going to...
USD/CAD Forecast November 25, 2013, Technical Analysis
The USD/CAD pair shot higher during the session on Friday, but as you can see the market pulled back and formed a shooting star, which of course is a very bearish sign. At the end of the...
GBP/USD Forecast November 25, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, showing that the British pound continues to strengthen overall. In fact, the British pound looks healthy against most other currencies, so we do think that this market will...
EUR/USD Forecast November 25, 2013, Technical Analysis
The EUR/USD pair rose during the session on Friday, and closed above the 1.35 level again. Because of this, look like this market is going to try and breakout to the upside, but we need to see...
AUD/USD Forecast November 25, 2013, Technical Analysis
The AUD/USD pair broke down during the session on Friday, closing at the 0.9165 level. This of course has broken down below the 0.9250 level, an area that we thought was significant support. In fact, the market...
EUR/USD Trend Line Retest (November 22, 2013)
EUR/USD finally broke below that tight consolidation on top of a rising trend line, but it appears that a pullback could be in the cards. The pair bounced off the 1.3400 major psychological level and appears ready...
USD/JPY Forecast November 22, 2013, Technical Analysis
The USD/JPY pair shot straight up during the session on Thursday, breaking well above the 100.50 level, an area that we thought would offer a bit of resistance. Because of this, we feel that this market will...
GBP/USD Forecast November 22, 2013, Technical Analysis
The GBP/USD pair initially fell during the session on Thursday, but shot straight up in order to slam into the 1.6050 level. This area should be resistive, though, so we think that although the market looks a...
USD/CAD Forecast November 22, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday, testing the outer limits of resistance. This consolidation area looks like it’s getting ready to be broken above, and as a result a break above the highs from...