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Commodities Technical Analysis World
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- NZD/USD Forecast February 9, 2012, Technical Analysis
NZD/USD rose initially during the session on Wednesday as the bullishness in all things risk related continued. The eventually pulled back though, and this shows that perhaps the world is getting a bit tired of waiting on the solution coming out of Athens to the Greek debt crisis. This pair has been especially positive as the commodities have gotten a boost by the weaker Dollar overall.
commodities technical analysis 12 Feb 2012 - AUD/USD Forecast February 7, 2012, Technical Analysis
AUD/USD fell initially in Monday trading, only to bounce in the later hours as the Americans bid it back up. The "risk off" trade dominated most of the session, and as a result the Aussie got hit slightly. However, the pair has been in a massive uptrend lately, and the momentum is obviously far too strong for the bears to overcome at the moment.
commodities technical analysis 12 Feb 2012 - NZD/USD Forecast January 26, 2012, Technical Analysis
NZD/USD originally had fallen during the Wednesday session as the markets were a bit weaker. However, the Federal Reserve promised to keep rates at current levels until late 2014, and this in turn punished the US dollar yet again. This of course had a run towards commodities, and the Kiwi will always gain in that situation.
commodities technical analysis 12 Feb 2012 - NZD/USD Forecast February 2, 2012, Technical Analysis
NZD/USD rose above the range from the previous session on Wednesday, showing real momentum to the upside now. The Tuesday candle was similar to a shooting star, and the breaking of the upper part of the range showed that fresh capital was being deployed in this market.
commodities technical analysis 12 Feb 2012 - AUD/USD Forecast January 27, 2012, Technical Analysis
The AUD/USD pair surged again on Thursday as the "risk on" trade continues. The fact that the Federal Reserve is promising to keep rates ultra low until the end of 2014 continues to put in a bid for commodities, and as the Aussie dollar is a commodity currency it makes a lot of sense that this pair finally broke out.
commodities technical analysis 12 Feb 2012 - AUD/USD Forecast February 9, 2012, Technical Analysis
AUD/USD rose for most of the session on Wednesday, but pulled back to form a shooting star. The fact that this happened at the 1.08 level is very interesting as it was seen as a "barrier" of sorts by the markets in general. Being as the Aussie is a currency that traders will buy in a risk positive environment, this isn't a mistake in our opinion.
commodities technical analysis 12 Feb 2012 - Don't Fall Into This Volume Trap
Volume patterns can confirm price action and uncover opportunities before they hit the mainstream, but if done improperly, traders can miss signals and be late to catch fast-moving equities. As stocks have moved higher in 2012, some analysts have remained skeptical about the upside potential because of the light volume. With gains of over 13% [...]
commodities technical analysis 12 Feb 2012 - Oil Forecast January 26, 2012, Technical Analysis
The Light Sweet Crude contract fell for most of the session on Wednesday, but got a nice bounce as the Federal Reserve announced that interest rates were on hold until late 2014 at least. This should continue to put pressure on the US dollar, and as a result it will give a life to commodities.
commodities technical analysis 12 Feb 2012 - Gold Forecast January 26, 2012, Technical Analysis
Gold skyrocketed during the Wednesday session after first falling. The market retested the important $1,650 level and shot up from it. Hopefully, you watched the video yesterday and took advantage of this level from which to buy. From that point, gold has risen over $68 an ounce at the time of this writing.
commodities technical analysis 12 Feb 2012 - AUD/USD Forecast January 31, 2012, Technical Analysis
AUD/USD fell during the session on Monday as the markets were initially weak in Asia and Europe. The Aussie is always receptive to the "risk appetite" globally, and as a result will often fall in these situations. However, the stock markets picked back up once it was just the Americans involved, and this helped to boost the demand for the Aussie dollar.
commodities technical analysis 12 Feb 2012
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