AUD/USD: NFP Straddle Setup (January 10, 2014)
AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that...
Month: January 2014
USD/JPY Forecast January 10, 2014, Technical Analysis
USD/JPY went back and forth on Thursday, essentially hovering below the 105 handle. This is not much of a surprise as the nonfarm payroll numbers come out later today, which of course greatly influences this pair of...
USD/CAD Forecast January 10, 2014, Technical Analysis
The USD/CAD pair rose during the session on Thursday, but as you can see struggle that once we get close to the 1.09 handle. The resulting candle is a shooting star, which of course is a very...
GBP/USD Forecast January 10, 2014, Technical Analysis
The GBP/USD pair rose during the session on Thursday, but found the 1.65 level resistive yet again. Because of this, the market pulled back slightly but still looks like it is going to struggle to get above...
EUR/USD Forecast January 10, 2014, Technical Analysis
The EUR/USD pair rose during the session on Thursday, slamming into the 1.36 level. This market shows that the 1.3550 level has supportive again, and as a result I believe that this market is going to grind...
AUD/USD Forecast January 10, 2014, Technical Analysis
The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see found the 0.89 level supportive enough to form a hammer. It is this pair that could be greatly influenced by...
USDCAD Daily Analysis – January 10, 2014
USDCAD continued its upward movement from 1.0588, and the rise extended to as high as 1.0874. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is now at...
USDCHF Daily Analysis – January 10, 2014
USDCHF remains in uptrend from 0.8799, the fall from 0.9126 could be treated as consolidation of the uptrend. Key support is at 0.9025, as long as this level holds, the uptrend could be expected to resume, and...
USDJPY Daily Analysis – January 10, 2014
USDJPY remains in uptrend from 96.94 (Oct 25, 2013 low), the price action from 105.44 could be treated as consolidation of the uptrend. Key support is at 103.91, as long as this level holds, the uptrend could...
AUDUSD Daily Analysis – January 10, 2014
AUDUSD moved sideways in a range between 0.8820 and 0.9004 for several days. The price action in the range is likely consolidation of the downtrend from 0.9756 (Oct 23, 2013 high). One more rise to 0.9040 area...