AUD/USD Forecast January 8, 2014, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle.
Currencies
EUR/USD Forecast January 8, 2014, Technical Analysis
The EUR/USD pair went back and forth on Tuesday, ultimately settling into a slightly negative candle.
Now the focus is on the US dollar
Ahead of Janet Yellen becoming FED chair focus has turned to the USD dollar and whether it is now set for a period of sustained strength, and one reason offered by dollar bulls as to why it still hasn’t taken off is because the euro is even stronger!
AUD/USD Forecast January 7, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
Short-Term USD/JPY Daily Analysis – January 6, 2014
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low), the fall from 105.44 could be treated as consolidation of the uptrend.
With the FED roadmap now in place – ‘normal service’ can be resumed!
With markets having been given a more or less clear roadmap for the future of QE, and so removing a degree of uncertainty, it now only remains for us to monitor closely our benchmark charts, namely the USD index and the VIX , whilst keeping a close watch on price action and volume.
Short Term – Daily Forex Analysis – November 5, 2013
GBPUSD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to 1.6500 area to complete to upward movement would likely be seen. On the downside, a breakdown below 1.5894 support will suggest that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price back to 1.4500 zone
Short Term – Daily Forex Analysis – November 4, 2013
GBPUSD is facing 1.5894 support, a breakdown below this level will indicate that the uptrend from 1.4813 (Jul 9 low) had completed at 1.6259 already, then the following downward movement could bring price to 1.4500 area.
Morning Outlook – November 1st
U.S. futures are riding yesterday’s momentum of positive U.S. economic data refueling speculation the Federal Reserve may opt to taper its $85 billion stimulus program sooner rather than later.
Short Term – Daily Forex Analysis – October 31, 2013
GBPUSD moves sideways in a trading range between 1.5894 and 1.6259. As long as 1.5894 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813