AUD/USD Forecast March 11, 2014, Technical Analysis
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3914.
The AUD/USD pair initially fell during the session on Wednesday, but rose high enough to test the 0.90 handle again.
The EUR/USD pair fell during the session on Wednesday, but as you can see bounced enough to form a hammer.
The EUR/USD pair rose during the session on Tuesday, but failed at the 1.38 resistance area in order to turn things back around and form a shooting star.
The USD/JPY (yen) pair rose significantly during the session on Tuesday, as the bottom of the consolidation yet again offered support.We are longer-term bulls when it comes to this pair, and believe that the next significant barrier to get past as the 103 level.
In writing any market analysis, I am always conscious of two things. First, it is very easy to forget that the associated buying and selling in any market embraces the full spectrum, from long term investor, to the short term speculator.
From a dog to a darling, Japanese stocks (EWJ, quote) have finally found favour. After returning 52% for investors last year, there are still 5 reasons this market has further to go, with opportunities most have missed. There is the potential for a catch up within the stock market, mispricing, earning growth, restructuring and increased buying. Sectors to benefit from reflation and growing domestic demand within a still unloved part
The room’s getting crowded, the party’s been going on a while but more people could arrive. Just beware fair weather friends and a sign it could be time to think about leaving…