AUDUSD Simple Range Play (June 12, 2014)
AUDUSD is finding resistance at the top of its range, visible on the 4-hour forex time frame.
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AUDUSD Forecast June 10, 2014, Technical Analysis
The AUDUSD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range.
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.
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.
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,