Check out the CHF/JPY forecast for the upcoming month of November 2013 here.
Check out the forecast for the CAD/JPY pair for the upcoming month of November 2013 here.
According to the analysis of the AUD/USD and USD/CAD pairs, trader profited on a binary options platform. See how here.
We correctly called the bearish turn at the confluent resistance around the 0.97 level. Although that daily candle did close below 0.9650, it did not close very close to its low, and not within the bottom quarter of its range.
Gold prices (XAU/USD) settled slightly lower after a highly volatile trading session yesterday.
The WTI Crude Oil markets fell during the session on Wednesday, losing quite a bit and testing the $96.50 level. This market of course has been very bearish recently, so I am a bit hesitant to sell down here even though it certainly looks like it wants to fall.
The EUR/USD pair went back and forth during the session on Wednesday, eventually settling nothing but it did in the end form a slightly bearish candle.
The AUD/USD pair tried to rally during the session on Wednesday, but as you can see the 0.95 level offered resistance yet again, forming a shooting star by the time the markets closed.
The USD/CAD pair fell during the session on Wednesday, but found enough support in order to bounce back and form a hammer.
The USD/JPY pair rose during the session on Wednesday, slicing above the 98.50 level during the day. We are still short of the 99 handle, and that is what I need to see broken to the upside in order to start buying this market again.
The primary move since the last forecast was bearish. Market conditions were not quiet when the price broke through 1.6115, it happened outside the London/NY session, at which time trades in this pair are not recommended.
According to the analysis of the AUD/USD and USD/CAD pairs, trader profited on a binary options platform.
Last week was a strong bullish reversal candle, closing close to its high which has already been broken this week.
The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss as the American dollar gained some strength ahead of the outcome of the Federal Reserve policy meeting.
The WTI Crude Oil markets initially fell during the session on Tuesday, but as you can see found enough support to bounce and form a hammer. This hammer of course is a relatively strong looking candle, and as a result we think this market will continue to go higher, probably testing the $100 level in the short term.