Autochartist Forecast
The EUR/JPY has lost a good deal of the short-term downside momentum that pushed prices lower from the June 3 high of 114.15, and this rejection shows that buyers are not willing to support prices abo
0 comments The GBP/USD (also known as the "cable") is exhausting since prices could not press through resistance at 1.4750. The subsequent break lower though 1.4700 is further intraday confirmation of weakness i
0 comments The Reserve Bank of Australia indicated that rate hikes are done for now, and that there’s a slight window for future tightening in 2010 – depending on inflation, decreased home sales, and lower b
0 comments To comprehend the importance of Japanese Yen within the world of global finance, one needs to understand the Bank of Japan’s (BOJ) stance on rates. The stance is uncomplicated: keep rates low, and
1 comment Throughout Thursday’s U.S. trading session, momentum in the USD/JPY was key to confirming the rally in equities. Unlike the early equities rally on Wednesday morning – accompanied by little-to-no
0 comments For traders who have been watching the trio of intraday lows along 1.2141 (S1), 1.2143 (S2), and 1.2175 (S3) on the EUR/USD, the wait may be over: prices are rapidly approaching this key support leve
0 comments The current intraday downtrend on the USD/CHF reflects the U.S. Dollar’s mid-day turn-around. The Dollar rolled over thanks to a strong recovery in the U.S. equities market, which sent the Dollar b
0 comments The intraday USD/JPY traded slowly higher today as the Japanese Yen weakened against the U.S. Dollar thanks to traders selling yen amidst a bearish equities market (the Dow Jones closed 126 points lo
0 comments Intraday, the USD/CAD pair is testing the support of a Triangle pattern at 1.0620 (S), with prices consolidating within the wide range from 1.0700 to 1.0608. The floor at 1.0608 sits just above addit
0 comments The intraday USD/CAD broke higher through resistance at 1.0720 (R), triggering a Rising Wedge buy entry as prices rallied through an unusually flat upper trendline. Thanks to high buying momentum acc
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