GBPUSD Daily Analysis – February 10, 2015
GBPUSD broke above 1.5268 resistance, indicating that the downtrend from 1.5785 (Dec 16, 2014 high) had completed at 1.4950 already.
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EURUSD Forecast February 10, 2015, Technical Analysis
The EUR/USD pair initially tried to fall during the course of the day on Monday, but found enough support at the 1.13 level to bounce and form a little bit of a hammer.
AUDUSD Forecast February 10, 2015, Technical Analysis
The AUDUSD pair gapped lower at the open on Monday, but then turned back around to rally and form a bit of a shooting star as some of the gains were given back.
USDJPY Forecast February 9, 2015, Technical Analysis
The USDJPY pair took off during the session on Friday as the nonfarm payroll number came out much better than anticipated.
GBPUSD Forecast February 9, 2015, Technical Analysis
The GBPUSD pair fell during the course of the day on Friday, testing the 1.52 handle.
EURUSD Forecast February 9, 2015, Technical Analysis
The EURUSD pair fell during the course of the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated.
AUDUSD Forecast February 9, 2015, Technical Analysis
The AUDUSD pair tried to break out to the upside on Friday, but then turned back around at roughly 0.79 to form a bit of a shooting star.
EURUSD Forecast February 5, 2015, Technical Analysis
The EURUSD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general.
AUDCAD Retracement Play – Feb 5, 2015
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest.
China Cuts RRR by 50 Basis Points
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.