GBPUSD Long-Term Correction (Oct 03, 2017)
Cable has been selling off recently but could be due for a bounce as it tests the support zones visible on its long-term chart. Price is moving inside an ascending channel on its 1-hour time frame and...
Category: Daily Forex Reports
CVR Energy (CVI) Daily Bullish Sequence
On November 2016, CVR Energy (NYSE: CVI) made an important low to end a daily correction from 2013 peak, up from there the stock either started a new bullish cycle to take it toward new all time highs or it’s just doing...
AUDUSD Resistance Turned Support (Oct 02, 2017)
AUDUSD previously broke past the resistance around the .7750 minor psychological level then zoomed up to the .8100 area. From there, price retreated from the rally and is showing signs of a correction to the broken resistance....
USD/JPY Forecast October 2, 2017, Technical Analysis
The US dollar continues to bounce around against the Japanese yen, using the 112.50 level is a bit of a fulcrum. I believe that the market is trying to build a momentum, but we may get a...
USD/CAD Forecast October 2, 2017, Technical Analysis
The US dollar rallied against the Canadian dollar on Friday, as we continue to pound towards the 1.25 handle. This is an area that’s offered a significant amount of resistance though, so I think this market is...
GBP/USD Forecast October 2, 2017, Technical Analysis
The British pound fell during Friday trading, reaching towards the 1.3350 level before bouncing. However, it looks as if it is going to sell off further into the US session, perhaps reaching towards the 1.33 level. I...
EUR/USD Forecast October 2, 2017, Technical Analysis
The EUR/USD pair had a positive session on Friday, reaching towards the 1.1835 level, before pulling back slightly. However, as the American traders came back on board, they started to buy the pair again, and I believe...
AUD/USD Forecast October 2, 2017, Technical Analysis
The Australian dollar slid down to lower levels during Friday, but it seems as if the Americans are willing to pick up the Aussie near the 0.78 handle, which is the beginning of significant support based upon...
AUDJPY Elliott Wave Analysis 9.29.2017
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
USD/JPY Forecast September 29, 2017, Technical Analysis
The US dollar initially rallied against the Japanese yen, but found a bit of trouble at the 113.25 level. Because of this, it looks likely that we are going to continue to churn in this area, but...