Daily Forex Reports
The USD/JPY pair did very little during the session on Friday, as liquidity would have been a little bit lower than usual due to the Good Friday holiday. That being said, it appears that the market still is ready to go higher, but a pullback could be coming in the short term. We believe that the 103 ...
The USD/CAD pair fell initially during the session on Friday, but bounced off of the 1.10 level enough to form a little bit of a hammer. However, the liquidity of the marketplace was pretty low during the Good Friday holiday, so although we get a supportive sign based on the candle, we still believe ...
The GBP/USD pair did almost nothing during the session on Friday as the Good Friday holiday would have drained of liquidity. Because of this, it appears of the market still looks like it once the pullback a little bit from here, but ultimately we do believe that the market goes higher. On a break of ...
The EUR/USD pair did nothing during the session on Friday, as the Good Friday holiday of course would have drained a lot of liquidity out of the marketplace. With that, we feel that the market looks like it’s ready to drop from here, but there is a significant amount of support just below. With th ...
The AUD/USD pair Daedalus nothing during the session on Friday as it was of course a holiday. Because of this, we feel that the market really hasn’t changed of the last 24 hours and that we will continue to drift down to the 0.9250 level. That area should be rather supportive, and as a result we f ...
The USD/JPY pair initially fell during the session on Thursday, but as you can see from enough support to turn things background inform a hammer. This hammer suggests that we are going to go higher, and as a result we are bullish in this market. We believe the longer term, we will head to the 103 le ...
The USD/CAD pair fell during the session on Thursday, finding the 1.10 level to be supportive enough to keep the market somewhat afloat. As we dropped below there, the buyer stepped in and push the value there, and formed a nice-looking hammer. With that, we believe that this market will continue to ...
The GBP/USD pair rose initially during the session on Thursday, but found enough noise above in order to form a shooting star. A shooting star of course signifies of the market’s going to start selling off, and as a result we think of the markets probably going to simply consolidate in this genera ...
The EUR/USD pair rose during the session initially on Thursday, but ran into far too much resistance above to keep the gains. With that, we feel that this market pulling back and forming a shooting star is trying to tell us something that we are running out of steam. There is a certain amount of sup ...
The AUD/USD pair fell during the session on Thursday, but remains above the massive support area at 0.9250, and as a result we are not interested in selling. We believe that a supportive candle below could be a nice buying opportunity, but we don’t have it at this moment so we are simply on the si ...
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