Technical Report – April 16, 2013: AUD/USD Fails at Triangle Resistance

By Learn to Trade

Chart of the Day: AUD/USD AUD/USD: The AUD/USD is continuing with its short term declines after failing at the upper end of its long term symmetrical triangle. The triangle resistance line now comes in at 1.0530, so markets are at a critical inflection […]

Technical Report – April 16, 2013: EUR/USD Range-Bound above 1.30

By Learn to Trade

Chart of the Day: EUR/USD EUR/USD: The EUR/USD continues to trade at elevated levels relative to short term historical averages. We are starting to see some stalling at these levels, however, with a clear range now seen forming just above the key psych […]

Fundamental Report – April 11, 2013: AUD/USD Falls After Huge Miss in Jobs Data

By Learn to Trade

The AUD/USD is starting to show retracements of its recent rally as this month’s Australian employment data came in much weaker than expected. The March jobs report showed a decline of -36,000 jobs, much lower than the upwardly revised 74,000 figure th […]

Learn to Trade Technical Report – April 10, 2013: EUR/USD Trades into Critical Fib Resistance

By Learn to Trade

Chart of the Day: EUR/USD EUR/USD: The EUR/USD continues to move higher but there is some indication that the short term rally is likely to come to an end very soon. Specifically, prices are beginning to stall at the 38.2% Fib retracement of the drop f […]

Fundamental Report – April 9, 2013: US Dollar Lower After Bernanke Stimulus Comments

By Learn to Trade

The US Dollar is showing weakness in the early part of the week, as Fed Chairman Ben Bernanke said asset sales will not be expected until the latter part of the easing cycle (signalling a slow end to the Fed’s stimulus programs). The Dollar is trading […]

Technical Report – April 8, 2013: USD/JPY Breaks Major Long Term Fib Resistance

By Learn to Trade

Chart of the Day:  USD/JPY USD/JPY:  The USD/JPY has clearly broken from its previous symmetrical triangle on the short term charts, and the upside break here was followed by a Monday gap above the 61.8% Fib retracement of the decline from 110.60.  Thi […]

Fundamental Report – April 4, 2013: All Eyes on US Non Farm Payrolls

By Learn to Trade

Overall market volatility has slowed this week, as forex traders wait for the next main market moving event. As is often the case, this event will be seen with the US Non Farm Payrolls data released on Friday. The report is a measure of the number of j […]

Technical Report – April 4, 2013: USD/JPY Focused on 92.50 Retest

By Learn to Trade

Chart of the Day: USD/JPY USD/JPY: The USD/JPY continues to push lower after failing at clearly defined Fib levels at 93.65. This area now marks the first major area of short term resistance, as it also coincides with downtrend lines and moving average […]

Fundamental Report – April 2, 2013: RBA Keeps Rates Steady but Leaves Door Open For Cuts

By Learn to Trade

The Reserve Bank of Australia (RBA) held its benchmark interest rate steady at 3.0%. This level marks the record low, as the central bank looks to support the nation’s economic recovery prospects. The RBA’s decision to hold rates unchanged (rather than […]

Technical Report – April 2, 2013: Euro Finds New Lows for the Year

By Learn to Trade

Chart of the Day: EUR/JPY EUR/JPY: The EUR/JPY continues to obey the levels outlined last week, with price failures at 121.70 opening the way for new yearly lows. The EUR/JPY has found small numbers of buyers into support at 119.50 but this is looking […]