AUDUSD Forecast August 27, 2014, Technical Analysis
The AUDUSD pair tried to go higher during the course of the day on Tuesday, and did gain a bit.
FOREX
USDJPY Forecast August 26, 2014, Technical Analysis
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.
EURUSD Forecast August 12, 2014, Technical Analysis
The EURUSD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity.
GBPUSD Forecast August 12, 2014, Technical Analysis
The GBPUSD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting.
AUDUSD Forecast August 12, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Monday, but not significantly so.
More of the same for the Canadian, but watch the Dixie! (USDCAD)
Like many of the major currency pairs at present, it’s US dollar strength which has been the primary driver over the last few weeks, and for the USDCAD, which moved firmly lower once again, the decline in the price of oil has also added further momentum to the move.
EURUSD Daily Analysis – August 11, 2014
EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444
Cable Continues to Remain Bearish (GBPUSD)
Cable moved lower once again last week as a resurgent US dollar continued to drive the pair, with the September futures contract closing at 1.6770 on the daily chart.
EURUSD Forecast August 8, 2014, Technical Analysis
The EURUSD pair initially fell during the day on Thursday, but as you can see found support at roughly the same place it did during the Wednesday session.
USDJPY Forecast August 8, 2014, Technical Analysis
The USDJPY pair initially tried to rally during the session on Thursday, but as you can see fell back down as we continue to bang around the 102 level.