AUD/USD Forecast September 22, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Friday, but remains just above the 0.89 handle. That is the last vestiges of support as far as we can see, and if we can break...
Month: September 2014
Will the New Zealand Dollar Rally? – Paxforex
The New Zealand Dollar has dropped sharply over the past few trading weeks and after the Reserve Bank of New Zealand decided to stop their series of interest rate increases during the last meeting, after increasing interest...
USD/JPY Forecast September 19, 2014, Technical Analysis
The USD/JPY pair broke higher during the day again on Thursday but quite frankly we have gotten so parabolic that the market looks as if it needs to take a little bit of a rest. Because of...
USD/CAD Forecast September 19, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Thursday, breaking well below the 1.10 handle. However, we did find a bit of support at the 1.09 region, so with that market formed a little...
GBP/USD Forecast September 19, 2014, Technical Analysis
GBP/USD rose during the course of the day on Thursday, in anticipation of Scotland staying within the United Kingdom. Because of this, the market broke above the top of the shooting star from the session on Wednesday,...
EUR/USD Forecast September 19, 2014, Technical Analysis
The EUR/USD pair broke higher during the course of the day on Thursday, bouncing off of the lows from the Wednesday session. That being the case though, we still feel that this market is and consolidation area...
AUD/USD Forecast September 19, 2014, Technical Analysis
The AUD/USD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer. This hammer sits just below the 0.90 handle, and if...
USDCAD Reversal Pattern (Sept 19, 2014)
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near...
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USDCAD Daily Analysis – September 19, 2014
USDCAD remains in uptrend from 1.0810, the fall from 1.1098 could be treated as correction of the uptrend. Another rise to 1.1200 area could be expected. Support is at 1.0926, only break below this level will indicate...