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Forex Analysis

Trading Opportunities with USD/JPY in the Coming Days

September 23, 2014 3:13 am GMT+0  in Forex Analysis

As we had mentioned during the first week of this month in an USD/JPY update titled “USD/JPY – Is 110 still a dream or becoming a reality?“, repeating the same thoughts which were voiced almost 9 months back in another post tited “USD/JPY 2014 Outlook – Is 110 a question of “when” not “whether”?“, theRead the Rest…

Special Focus On AUDUSD

September 15, 2014 3:10 pm GMT+0  in Forex Analysis

AUDUSD: Halts Weakness, Looks To Recover Higher. AUDUSD: With the pair halting its past week sell off during Thursday trading today, we envisaging a corrective recovery higher in the days ahead. Support lies at the 0.8983 level. A cut through here will turn attention to the 0.8950 level and then the 0.8900 level where aRead the Rest…

USD/JPY – Is 110 still a dream or becoming a reality?

September 3, 2014 11:18 am GMT+0  in Forex Analysis

It was December 28, 2013 i.e. over 8 months back when we had indicate that the year 2014 should see USD/JPY to target 110.00. Well, the pair failed to move beyond 105.44 and had fallen to 100.75. The psychological support of 100.00 ranges had come at rescue but since then the currency pair had beenRead the Rest…

Currency Speculators increased US Dollar bets to highest level since February last week

August 3, 2014 8:00 pm GMT+0  in Forex Analysis

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large trader and speculators increased their bullish bets in favor of the US dollar for a second consecutive week and euro positions fell to their lowest level since 2012. Non-commercialRead the Rest…

USD/CAD Outlook – The Pair Is Near Some Resistances

July 14, 2014 9:18 am GMT+0  in Chart Alert

During the previous USD/CAD outlook update, we had indicated that the price was hitting a mid-term trend-line support and that we could expect some upward gains, including the possibilities of a near-term bottoming. The support was witnessed within a couple of days of posting that outlook. Let’s have the new chart with the current price-action.Read the Rest…

Currency Speculators increased bullish US Dollar bets for 1st time in 4 weeks

July 13, 2014 2:24 pm GMT+0  in Forex Analysis

By CountingPips.com The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators slightly added to their US dollar bullish bets last week for the first time in four weeks. Non-commercial large futures traders, including hedge funds and largeRead the Rest…

USD/CAD: 14 years Price-Action in a Nutshell – Is A Near-Term Bottom In Place?

July 9, 2014 11:44 am GMT+0  in Chart Alert

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500. Let’s see what else has been going with the currency pair and what can we expect during the coming days. USD/CADRead the Rest…

FX Daily Dose – July 3, 2014

July 3, 2014 6:43 am GMT+0  in FX Daily Dose

Forex Daily Dose- July 3, 2014: The FxDailyDose presents a quick snapshot of the price-action of The currency pairs which are in focus for today. This covers the immediate outlook, considering the overall picture. Please note that the daily outlook is for mainly for the currency pairs in focus and we may add or removeRead the Rest…

EUR/USD caught between uncertainties of fundamentals and technical factors

June 30, 2014 7:52 am GMT+0  in Forex Analysis

EUR/USD had touched 1.3651 on June 25th and had found strong resistance at 55-day EMA. Let’s have a look on the technical side as well as the fundamentals to see what can we expect in the coming days. A view of technical side The currency pair tried to recover but since then the 55-day EMA hasRead the Rest…

USD/JPY – Further upside is favored

June 8, 2014 1:48 am GMT+0  in Chart Alert

This USD/JPY update follows the previous post titled “USD/JPY Should See Some More Gains But Caution Needed“. The previous post had indicated gains towards 102.75 resistance. The currency pair had moved that way and touched 102.79 before retreating back and then jumping again. Let’s look into the charts to see what they indicate. We willRead the Rest…

GBP/CAD: The Canadian Dollar may weaken a bit before the Pound Sterling bows again

June 4, 2014 12:02 pm GMT+0  in Chart Alert

GBP/CAD continues the recovery from 1.8100 but the jump from that support was a natural one, considering the psychological aspects of 1.8000 ranges. The daily MACD has given a bullish signal but let’s see if the push is expected to continue or a failure to sustain is in line. The above chart is also showingRead the Rest…

USD/JPY should see some more gains but caution needed

June 3, 2014 2:10 am GMT+0  in Chart Alert

This update follows yesterday’s update where we had mentioned that USD/JPY should gain 36 to 59 pips. Well, as of now the currency pair has gained 48 pips. Some more gains are surely expected but the current price action is near some key resistance levels. Let’s look at the current charts to see what canRead the Rest…