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Forex Technical Analysis
Gold Remains Under Pressure | 10/31/2014 9:18:00 AM
Gold prices continued to sink yesterday, extending losses from Wednesday's session, and touched the lowest level in nearly 4 weeks on technical selling and upbeat U.S. economic data.
EUR/USD Forms Massive Hammer | 10/31/2014 8:53:00 AM
The EUR/USD pair fell during the beginning of the session on Thursday, and as you can see ended up bouncing hard enough off of the 1.2550 level to form a nice-looking hammer.
GBP/USD Finding Support at 1.60 | 10/31/2014 8:47:00 AM
The GBP/USD pair went back and forth during the session on Thursday, showing signs of support as although we broke down rather significantly on Wednesday, you can see that the sellers ran out of momentum, and that the initial shock of the more hawkish than expected Federal Reserve announcement has worn off.
NZD/CAD Tests Bottom of Uptrend Line | 10/31/2014 8:43:00 AM
The NZD/CAD pair bounced during the session on Thursday, using the 0.87 level as support. However, we have only bounced back to test the bottom of the uptrend line that was broken during the Wednesday session.
USD/CAD Continues to Hug the 1.12 Area | 10/31/2014 8:40:00 AM
The USD/CAD pair went back and forth during the day on Thursday, as it continues to hang about the 1.12 handle. This is an area that has attracted a lot of attention lately, and I believe it will continue to do so.
TRY/JPY Breaks Out on Thursday | 10/31/2014 8:36:00 AM
The TRY/JPY pair broke out during the session on Thursday, eclipsing the 49.50 resistance barrier. With that being the case, it appears of the market is ready to go much higher, and although it has been a fairly parabolic move, this pair can move drastically and in short order.
EUR/USD: November 2014 Forecast | 10/31/2014 7:43:00 AM
The EUR/USD pair has been falling rather significantly for some time now. The last couple of weeks have been somewhat consolidative though, so that being the case it appears of the market will more than likely try to break down and continue much lower.
GBP/USD: November 2014 Forecast | 10/31/2014 7:27:00 AM
The GBP/USD pair has been bouncing around the 1.16 level for most of the month of October. What I find significant is the fact that it is the 50% Fibonacci retracement from the entirety of the uptrend, and that the support has shown itself time and time again.
USD/CAD: November 2014 Forecast | 10/31/2014 7:04:00 AM
The USD/CAD pair has bounced around the 1.12 level for the last several weeks. I do believe that ultimately we will continue the uptrend that we have seen for some time now, but quite frankly we are at pretty significant levels when it comes to the oil markets.
USD/JPY: November 2014 Forecast | 10/31/2014 6:55:00 AM
The USD/JPY pair has had a couple of the strong week see recently, after bouncing off of the important 105 level.
NZD/USD: November 2014 Forecast | 10/31/2014 6:50:00 AM
The NZD/USD pair is rapidly becoming one that I am enjoying trading. I believe that the central bank out of Wellington will get its wish, a much lower priced Kiwi dollar.
After Bad Q3, Twitter & IBM Partner | 10/30/2014 1:02:00 PM
Twitter Inc. (NYSE:TWTR) continued its downward trend during yesterday’s trading session due to above average volumes, which is a bearish indicator.
EUR/USD Falls After Federal Reserve | 10/30/2014 10:05:00 AM
The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but as you can see fell rather hard.
WTI Crude Oil Still Going Sideways | 10/30/2014 9:37:00 AM
The WTI Crude Oil markets did gain during the session on Wednesday, testing the $83 level for resistance. Needless to say, it did in fact find the $83 level as resistive, and formed a bit of a resistive looking candle.
Gold Markets React to Federal Reserve | 10/30/2014 9:31:00 AM
The gold markets fell hard during the session on Wednesday as the Federal Reserve released a statement after the interest-rate announcement that was more hawkish than anticipated.