AUDUSD Forecast March 3, 2016, Technical Analysis
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
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China’s Manufacturing Activity Contracts For 7th Month
China’s manufacturing activity has fallen to its lowest level in four years, pointing to the need for more policy support to bolster economic growth and push structural reforms. The purchasing managers’ index (PMI) came in at 49, down from January’s 49.4, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing said on Tuesday.
EURUSD Forecast March 1, 2016, Technical Analysis
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
AUDUSD Forecast March 1, 2016, Technical Analysis
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
EURUSD Forecast February 26, 2016, Technical Analysis
The EURUSD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again.
AUDUSD Forecast February 26, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
EURUSD Forecast February 24, 2016, Technical Analysis
The EURUSD pair fell just a bit during the course of the session, testing the 1.10 level.
AUDUSD Forecast February 24, 2016, Technical Analysis
The AUDUSD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star.
Chinese Shares Surge On New Regulator Appointment
Chinese shares regained the 2,900-point mark on Monday, following the appointment of a new regulator head on Saturday.
USDCAD Descending Triangle Feb 22, 2016
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for another test of support.