Forex Technical Analysis
AUD/USD Forecast for the Week of January 16, 2012, Technical Analysis – FX Empire
AUD/USD rose for the week as the Aussie continues to perform quite strongly in a tough environment. The gold markets look ready to breakout, and as a result – the currency markets love the Aussie dollar. However, the 1.04 level looks like it is going to be vital for the strength of any uptrend that [...]
Gold Forecast January 16, 2012, Technical Analysis – FX Empire
Gold markets fell for the session as traders around the world took profits. The $1.650 level is massive resistance, and it looks like the area has held as of the close on Friday. The candle is a bit of a hammer shape, and the candle suggests that there is pressure building to the upside. However, [...]
Gold Forecast January 13th, 2012, Technical Analysis – FX Empire
Gold markets rose on Thursday as the push to buy this market continues. The bulls have decidedly taken control recently, and the move north has been impressive. However, the candle formed at the end of the session does have us doubtful going into the Friday session. The shooting star is right at the $1,650 resistance [...]
Is change in the air? – Business Insider
ForexCrunch EUR/USD Jan. 13 – Rally Finds Limits Winner’s Edge Trading Announces Currency Trading Contest Is change in the air? Forex Daily Outlook January 13 2012 ECB Ready to Take a Hit on Greek Bonds? It is just possible that the worm is slowly turning for the single currency. After a possible double bottom on [...]
USD/CAD Forecast January 12, 2012, Technical Analysis – FX Empire
USD/CAD fell on Wednesday as the pair continued the move down. However, but the end of the session, the pair had bounced enough to close higher. The resulting hammer looks fairly supportive, and would indicate that perhaps the Dollar will get a bid for the session on Thursday. The pair looks very choppy overall, and [...]
British QE Expansion Likely in February – Business Insider
ForexCrunch British QE Expansion Likely in February ECB Pauses With Rate Cuts As Expected A softening of attitude from the EBA? British Manufacturing Production Dips – GBP/USD Follows Conveying a Message of “Business as Usual”? ECB Preview The British Monetary Policy Committee left the interest rate unchanged at 0.50% and the Asset Purchase Facility at £275 [...]
USD/JPY Forecast January 11th, 2012, Technical Analysis – FX Empire
The USD/JPY pair fell slightly during the session on Tuesday as the markets were fairly quiet overall. The pair has been consolidating between 76.50 and 78.50, and it looks like these two areas are where traders start to get involved. The pressure to the downside is certainly strong, but the Bank of Japan has intervened [...]
Forex Technical Analysis: Major Currency Pairs – Forex Pros
Daily Technical Analysis on EUR/USD: January 11, 2012Current level – 1.2776 The pair is in a downtrend from 1.4250 top and the technical indicators on the larger frames are descending as trading is situated below the 50 and 200 daily SMAs, currently projected at 1.3384 and 1.3989. The corrective rebound above 1.2665 low is still [...]
NZD/USD Forecast January 10th, 2012, Technical Analysis – FX Empire
NZD/USD rose during the Monday session as traders bought the Kiwi around the globe. The pair looks very bullish at the moment, but the 0.79 to 0.80 area should be resistive going forward. Because of this, we are not willing to buy at this point, even though the charts do look healthy. In fact, with [...]
Forex Technical and Fundamental Analysis for January 9, 2012 – Inside Futures
By FX Empire.com EUR/USD Technical Analysis for January 9, 2012 The EUR/USD pair fell on Friday as the Non-Farm Payroll report showed that American jobs continue to be added. This could be the result of just another example of US strength, and the fact that Europe is starting to get left behind in the terms [...]
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