U.S. Dollar Under Pressure againts the Yen and Euro
This week market participants are getting a flurry of global economic data that has been and continues to have the potential to move the currency markets.
U.S. dollar
AUDUSD Forecast April 22, 2014, Technical Analysis
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
USDJPY Rising Channel Pattern (April 22, 2014)
USDJPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair.
Trade Alert – New Position – FXA
Option Alert Service Signal New Trade Suggestion
EURUSD Trend Reversal (April 10, 2014)
EURUSD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over.
Taking Profits – AU
Option Alert Service Signal Closing Trade Suggestion
CAMS Gold Playbook Ahead of the non-Farm Payroll Report
Gold (GLD, quote) continues to remain weak with yesterday’s close of 1284.50. In early trading the spot price of gold is basically flat.
USD/JPY Forecast March 24, 2014, Technical Analysis
The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support.
EUR/USD Channel Support Retest (March 24, 2014)
EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level.
USD/JPY Forecast March 11, 2014, Technical Analysis
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer.