Oanda - Forex Forecasts

GBP / USD - Trying to Rally Back to 1.5850

Over the last couple of days, the GBP/USD has rallied well after finding some support around 1.5650 and 1.57 which has been able to temporarily halt the strong fall. Over the last month, the Cable has steadily slid lower below 1.57 from near 1.64...

USD/JPY - Stocks rises as BOJ

They say that how much a man is loved can be seen by the number of people who mourn at his death. If that is the benchmark, BOJ's current Governor Masaaki Shirakawa will be feeling lonely even though Valentine's day is just round the corner...

GBP / USD - Again, Trying to Climb Off the Canvas at 1.57

Its fall over the last couple of weeks from 1.5850 has seen it trade down below 1.57 to levels not seen since August last year. It rallied solidly during the last week only to finish the week in a slump and strong fall resulting in a close below 1.57 again...

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NZD / USD - Record Dec Trade Surplus

New Zealand published its largest Dec Month trade surplus since 1991. This appears to be good news prima facie, but when we read the fine prints, it turned out that exports has fallen, while imports has fallen even harder resulting in this record...

GBP / JPY Technicals - Head and Shoulders pattern forming/formed

Weakness in the rally of GBP/JPY seen? Streak of Higher Highs and Higher Lows have been broken, with prices in the process of forming the right shoulder of the Head and Shoulders pattern (marked by black labels)...

EUR / USD - 1.34 Pushes Away Yet Again

In the last 24 hours, we have seen the Euro push higher again however it has yet again been pushed away by excess supply anywhere near the key 1.34 level. It has continued to trade within a narrow range and up until the last day, it had sat right on top of the key support level at 1.33...


EUR / USD - Continues to Loiter at 1.33

There isn't much more to report with the Euro since 24 hours ago. It continues to trade within a narrow range and sit right on top of the key support level at 1.33. Over the last few days, the Euro has been placing pressure on the key 1.33 level which has been able to hold up reasonably well so far...

EUR / USD - Lacking Direction

Over the last few days, the Euro has been placing pressure on the key 1.33 level which has been able to hold up reasonably well so far. Just prior to this, the Euro ran into a brick wall of supply at 1.34 which was a previous resistance level earlier last year...

EUR / USD - Continuing to Bounce Between 1.33 and 1.34

As expected, last week the Euro has run into a brick wall of supply at 1.34 which was a previous resistance level earlier last year. A couple of weeks ago, the Euro finished the week very strongly surging up through the resistance level at 1.33 that had established itself over the last month or so...

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EUR / USD – Returning to its Other Friend at 1.34

As expected, within the last week the Euro has run into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...

EUR / USD – Trying to Hold On to the Key Level of 1.33

As expected, the Euro ran into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...

GBP / USD – Trading back below the significant level of 1.6150

Over the last month or so, the Cable has displayed interesting price action as it has firmly established some key levels 150 pips from each other. These levels are at 1.63, 1.6150, 1.60 and 1.5850...


AUD/USD – 1.05 secured after Chinese Trade Balance

AUD/USD traded back below 1.05 briefly during early Asian session, and was propelled upwards thanks to impressive Chinese Trade Balance figures. Y/Y Exports grew 14.1% in Dec vs 5.0% est and Imports grew 6.0% vs 3.5% est...

USD/JPY Technicals – 1st Weakness seen in rally

USD/JPY showing 1st sign of weakness since the Dec rally which saw price rose from 82.5 to a high of 88.4. Stochastic indicator is hinting to dip below 80, the confirmation for a Sell Signal after entering into “Overbought” region since 13 Dec...

EUR/USD – German Exports Weaker due to Eurozone Crisis

German Trade balance fell to 14.6B from 15.4B as exports dropped 3.4%, much more than analysts forecast of a 0.5% decrease. Data shows exports to European Union are down by 4.0%, while exports to the greater Eurozone fell by 5.7%...

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EUR/USD Technicals – Weekly Support Threatened

EUR/USD has been on the wane since the turn of the year, with prices pushing lower lowers and lower highs each day. The only exception being last Friday where USD weakened on the back of higher than expected unemployment rate...

  


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