AUDUSD Forecast October 7, 2015, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Tuesday, but turned back around to find a very positive candle at the outcome.
The AUDUSD pair initially fell during the course of the session on Tuesday, but turned back around to find a very positive candle at the outcome.
The GBPUSD pair initially tried to rally but then turned back around to form a rather negative candle.
Today’s Pre-market movers for October 6, 2015
The EURUSD pair initially tried to rally during the day on Monday, but found far too much in the way of resistance near the 1.13 level.
Chinese (FXI, quote) electronics manufacturer, Hisense, is expanding in Southern African countries in line with its continued commitment to both South Africa and the continent as a whole, the company said on Saturday.
AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart. Price recently broke above the double bottom neckline as well, setting its sights on the next potential resistance areas.
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown.
The Wall Street Journal Chief Economics Correspondent Jon HIlsenrath and Bank of America Merrill Lynch’s Michael Hanson on the Federal Reserve.
The GBPUSD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle.
The EURUSD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer.