USDJPY Daily Analysis – April 7, 2014
USDJPY remains in uptrend from 101.20, the fall from 104.12 is likely consolidation of the uptrend.
ETF
EURUSD Forecast April 4, 2014, Technical Analysis
The EURUSD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level.
Crude Oil Ahead of the non-Farm Payroll
WTI Crude Oil (USO, quote) is trending higher in early trading by $0.88 or 0.87% at $101.16 ahead of the non-Farm Payroll Report. It’s worth noting that crude oil typically remains flat ahead of the report.
USDJPY Forecast April 4, 2014, Technical Analysis
The USDJPY pair tried to rally during the session on Thursday, but as you can see lost most of the gains by the time we closed at the end of the day. The 104 level proved to be rather resistive, so the fact that we pullback and formed a shooting star suggests that we are in fact going to see some type of pullback at this point in time.
Gold Hinges on non-Farm Payroll
After twelve sessions of pain for gold bugs yesterday the bulls attempted to arrest the fall of gold after hitting a low $1,277.40.
GBPUSD Daily Analysis – April 3, 2014
GBPUSD remains in uptrend from 1.6465, the fall from 1.6684 is likely consolidation of the uptrend.
AUDUSD Double Top Pattern (April 3, 2014)
AUDUSD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place.
Brent Steady Above $105 After Poor Manufacturing Data
Easing geopolitical tension coupled with worrisome economic figures pushed Brent crude oil (BNO, quote) to a near five month low on Tuesday.
NZDUSD Trend Line Test (April 2, 2014)
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZDUSD’s uptrend is still intact.
USDJPY Forecast April 2, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, shooting straight up in the air.