AUDUSD Forecast June 9, 2014, Technical Analysis
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
ETF
EURUSD Forecast June 9, 2014, Technical Analysis
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.
Trading the NFP Release with USDJPY (June 6, 2014)
USDJPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame.
EURUSD Forecast June 5, 2014, Technical Analysis
The EURUSD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided.
EURUSD Daily Analysis – June 4, 2014
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668.
USDJPY Forecast June 4, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets going to go higher, and as a result we believe that the move higher should continue to the 103 level at the very least, as it is the next major resistance area.
USDJPY Forecast June 3, 2014, Technical Analysis
The USDJPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we think we are getting ready to head to the 103 handle.
Oil prices pause once again at stubborn resistance level
Oil appears to have run out out of steam once again, following the bullish rally during May, with $104 per barrel once again proving to be a major stumbling block, and as shown on the daily chart with the yellow dotted line.
A critical week for gold
For gold bugs, 2014 promised so much following its long decline in 2013, which saw the precious metal lose over $500 per ounce. The first quarter of 2014 looked promising with gold recovering $300 per ounce and climbing back to test the $1,400 per ounce level – heady days.
AUDUSD Daily Analysis – June 2, 2014
AUDUSD’s bounce from 0.9208 extended to as high as 0.9329, the subsequent fall indicate that the bounce had completed,