AUDUSD Forecast December 17, 2014, Technical Analysis
The AUDUSD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level.
Currencies
USDJPY Daily Analysis – December 15, 2014
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation
AUDUSD Daily Analysis – December 15, 2014
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795.
AUDUSD Forecast December 9, 2014, Technical Analysis
The AUDUSD pair bounced during the session on Monday, but quite frankly we feel that any bounce at this point in time is just simply going to be an invitation to start selling again.
The US Dollar Rules – OK!
Difficult to believe that until recently the US dollar (UUP, quote) was being written off by all and sundry, with some even suggesting that its days as the currency of first reserve were numbered. Many were calling for the Yuan to replace it, and even the euro in its current iteration. Others suggested a basket of currencies. How times have changed.
GBPUSD Daily Analysis – December 8, 2014
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed.
AUDUSD Daily Analysis – December 8, 2014
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8293.
EURUSD Daily Analysis – December 5, 2014
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend.
Currency Futures Roundup Ahead of NFP
As the currency markets pause ahead of the monthly Non Farm Payroll release due later, I thought it would be a good time to revisit the weekly futures charts for some of the major currency pairs, and to step back a little, following a week of significant news items around the world. This helps to contextualize the NFP data, which whilst important, is simply another release in the economic calendar.
AUDUSD Forecast December 5, 2014, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle.