USDJPY Forecast March 7, 2016, Technical Analysis
The USDJPY pair initially fell during the course of the session on Friday, but turned back around to form a bit of a neutral candle.
AUDUSD Weekly Analysis – March 6, 2016
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
EURUSD Weekly Analysis – March 6, 2016
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend.
Economists: China Needs To Maintain Growth Of 6.5%
China must prevent its economic growth from falling below 6.5 percent this year, leading economists said on Wednesday. They were speaking ahead of the opening of the annual meetings of the country’s top legislature and political advisory body this week.
EURUSD Forecast March 3, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Wednesday, but we found enough support just above the 1.08 level to turn things back around and form a hammer.
AUDUSD Forecast March 3, 2016, Technical Analysis
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
China’s Manufacturing Activity Contracts For 7th Month
China’s manufacturing activity has fallen to its lowest level in four years, pointing to the need for more policy support to bolster economic growth and push structural reforms. The purchasing managers’ index (PMI) came in at 49, down from January’s 49.4, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing said on Tuesday.
EURUSD Forecast March 1, 2016, Technical Analysis
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
AUDUSD Forecast March 1, 2016, Technical Analysis
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
EURUSD Forecast February 26, 2016, Technical Analysis
The EURUSD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again.