AUDUSD Forecast November 20, 2015, Technical Analysis
The AUDUSD pair rose slightly during the course of the day on Thursday, as we continue to see buying pressure underneath.
Strategies
Oil Taking Centre Stage On FED Decision
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is a main contributor, and given the extended bearish trend for oil prices at present this aspect of the decision making process is likely to remain sharply in focus.
AUDUSD Descending Channel Nov 18, 2015
AUDUSD has been trending lower on its 1-hour forex chart, moving inside a descending channel connecting the highs and lows of price action since last month. Price is currently testing the resistance at the .7100 major psychological level and might be due for a move back to the bottom.
EURUSD Forecast November 17, 2015, Technical Analysis
The EURUSD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion.
AUDUSD Forecast November 17, 2015, Technical Analysis
The AUDUSD pair fell a bit during the course of the session on Monday, as we continue to see weakness in the Australian dollar overall.
EURUSD Forecast November 12, 2015, Technical Analysis
The EURUSD pair fell slightly during the course of the session on Wednesday, but remains within the hammer that had formed on Tuesday.
AUDUSD Forecast November 12, 2015, Technical Analysis
The AUDUSD pair fell slightly during the course of the session on Wednesday, as we continue to consolidate just above the 0.70 level.
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EURUSD Forecast November 11, 2015, Technical Analysis
The EURUSD pair fell during the course of the session on Tuesday, as we continue to grind our way down in this market. In fact, we got below the 1.07 handle, and as a result we are clear to go down to the 1.06 handle.
AUDUSD Forecast November 11, 2015, Technical Analysis
The AUDUSD pair initially tried to rally during the day on Tuesday, but then turned back around to fall towards the 0.70 handle.