GBP/USD Forecast November 18, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, closing above the 1.61 handle. This of course is a bullish sign, and as a result we are willing to buy this pair now. We think that the...
Month: November 2013
EUR/USD Forecast November 18, 2013, Technical Analysis
The EUR/USD pair rose during the session on Friday, slamming into the 1.35 handle yet again. This level should offer a significant amount resistance though, and we also can make an argument for the fact that consolidation...
AUD/USD Forecast November 18, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, but remains within the consolidation area we’ve seen over the last couple of sessions, as a result this market simply looks like its content to go back and...
EUR/AUD Confluence at 1.4450 (November 15, 2013)
EUR/AUD might be ready to resume its drop, as the pair is testing the top of a falling channel on its 4-hour time frame. Stochastic is pointing down from the overbought region, indicating that bears are ready...
USD/JPY Forecast November 15, 2013, Technical Analysis
The USD/JPY pair rose during the session on Thursday, slicing all the way up to the 100 handle. That being the case, we feel that the market moving above 100 is a buy signal, and as a...
USD/CAD Forecast November 15, 2013, Technical Analysis
The USD/CAD pair shot higher during the session on Thursday, initially breaking above the 1.05 level. However, you can see that the market pulled back in order to close below that level and form a shooting star,...
GBP/USD Forecast November 15, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Thursday, showing support at the 1.60 level as support. That being the case, this market does look like it wants to go higher, but we need...
EUR/USD Forecast November 15, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday, but found enough support in order to bounce and form a hammer. This hammer looks like it’s a market try to breakout above the 1.35 handle, but we...
AUD/USD Forecast November 15, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday, but bounced enough above the 0.93 level in order to form a little bit of a hammer. That being the case, we think this market could go higher,...
AUD/USD Downtrend Test (November 14, 2013)
A falling trend line can be seen connecting the highs of the price on AUD/USD’s 1-hour time frame, reflecting the ongoing downtrend for the pair. It has just bounced off the .9300 major psychological level and appears...