USD/JPY Price Forecast March 9, 2018, Technical Analysis
The US dollar has gone back and forth during the course of the session on Thursday, as we continue to see a lot of noise in this market. I believe that the market is of course going...
Category: Daily Forex Reports
USD/CAD Price Forecast March 9, 2018, Technical Analysis
The US dollar has rallied initially during trading on Thursday, reaching as high as 1.2950 during the early hours, but have pulled back just a little bit to test the 1.29 level. In general, this market is...
GBP/USD Price Forecast March 9, 2018, Technical Analysis
The British pound went sideways overall during the trading session on Thursday, as we are starting to test a minor uptrend line. This uptrend line will probably give way, and if it does I think will go...
EUR/USD Price Forecast March 9, 2018, Technical Analysis
The ECB had a press conference during Thursday trading session that through the market into disarray. Initially, it suggested that perhaps inflation was building, and that had people buying the EUR. However, this was later contradicted by...
AUD/USD Price Forecast March 9, 2018, Technical Analysis
The Australian dollar has rallied a bit after initially falling during the trading session on Thursday. The 0.78 level underneath is going to continue to be an area of interest, as it is a large, round, psychologically...
USDCAD Uptrend Pullback (Mar 9, 2018)
USDCAD is trending higher on its 4-hour time frame and is trading above an ascending trend line. Price looks ready for a pullback and applying the Fib tool on the latest swing low and high shows that...
Elliott Wave Analysis: USDJPY Correction Should Fail Below 107.9
Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is...
USDCAD Short-Term Selloff (Mar 8, 2018)
USDCAD formed a double top reversal pattern on its 1-hour time frame, signaling that the rally could be over. Price has yet to break below the neckline at 1.2865 to confirm the potential selloff. The chart pattern...
DAX Elliott Wave View: Correction Ended
DAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. Decline from there is unfolding as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 11725...
GBPUSD Bearish Channel (Mar 7, 2018)
Cable is trending lower inside a descending channel on its 1-hour time frame and looks prime for a pullback. Price is currently testing the 50% retracement level at the 1.3900 major psychological level and could head back...