Technical Analyses
Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefor needs no special consideration. The main tool by witch to analyse the forex market is forex charts.
Australian and New Zealand Dollars see setback risks (vs. USD)
A stronger bias for the US Dollar before and since the FOMC Meeting that concluded on 20th September, with the perception of a more hawkish…
US Dollar rallies post Fed, placing downside pressures on EURUSD
The US Dollar posted a strong rally against most major currencies in the wake of a more hawkish tone from the FOMC on Wednesday 20th…
GBP surge with more hawkish Bank of England; FTSE 100 plunges
The GB Pound surged after the Thursday 14 September Bank of England meeting, with perception of a more hawkish tone pushing GBPUSD to its highest…
AUDUSD retains underlying bull theme, but NZDUSD looks weak
The US Dollar recovery strength has begun to emerge in early September against major G10 currencies. However, AUDUSD has retained an underlying bullish theme and…
US Dollar weakens versus both Yen and Canadian Dollar
Broad US dollar weakness has resurfaced into early September in reaction to both more dovish statements by Fed officials. Furthermore, USDJPY remains on its downward…
EURUSD and GBPUSD stay positive into the ECB Meeting
Both the Euro and the GB Pound have remained positive in early September, as a slightly more negative US Dollar tone has resurfaced. For EURUSD…
Australian Dollar more bullish as NZDUSD shifts negative
AUDUSD – Bullish threat A spike higher Friday through resistance at .7954 to reinforce the Thursday rebound from ahead of strong support at .7864 (from…
Brent Oil holds key support; USDCAD bear trend intact
Despite the oil price setback over the past week, key support is holding at the uptrend line from June, highlighting risk for a recovery effort…
Euro and Yen shifting more bullish versus the US Dollar
Broad US Dollar weakness into the second half of August was reinforced on Friday during the Jackson Hole speeches by both Yellen and Draghi. For…