EURCAD Double Top (Sep 05, 2017)
EURCAD could be in for a selloff as the pair formed a double top classic reversal pattern and broke below the neckline at the 1.4750 minor psychological level. Price is pulling up to this broken support level,...
Category: Daily Forex Reports
USD/JPY Forecast September 4, 2017, Technical Analysis
The USD/JPY pair went sideways during most of the session on Friday, but did dip below the 110 level during the Johnson announcement. Ultimately, this market looks as if it is attracted to the 110 level, so...
USD/CAD Forecast September 4, 2017, Technical Analysis
The US dollar initially went sideways against the Canadian dollar, testing the 1.25 level for resistance. We found plenty of resistance there, and as the jobs numbers disappointed in the United States, this market fell. The GDP...
GBP/USD Forecast September 4, 2017, Technical Analysis
The British pound initially fell during the day on Friday but found enough support at the 1.29 level to turn around and go higher. After the jobs number, we went reaching towards the 1.30 level above, which...
EUR/USD Forecast September 4, 2017, Technical Analysis
The EUR/USD pair had a volatile session as one would expect during the employment figures. Ultimately, we were rejected near the 1.20 level, as the market has seen a lot of selling since then. We are more...
AUD/USD Forecast September 4, 2017, Technical Analysis
The Australian dollar initially fell during the day on Friday, but turned around to show extreme amounts of bullish pressure. However, there is still a lot of resistance at the 0.80 level above. If we were to...
GBPJPY Elliott Wave View: Wave Red X Still in Progress
GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently still in progress as a double three Elliott Wave Structure. Minute wave ((w)) of X ended...
USD/JPY Forecast September 1, 2017, Technical Analysis
USD/JPY initially rallied on Thursday, but found enough resistance above at the 110.68 level to turn around. I think that part of this might be profit taking ahead of the jobs number, and that being the case...
USD/CAD Forecast September 1, 2017, Technical Analysis
The USD/CAD pair went sideways initially on Thursday and then ended up turning around and collapsing. This is mainly due to the Canadian GDP numbers coming out stronger than anticipated. The 1.25 level below looks to offer...
GBP/USD Forecast September 1, 2017, Technical Analysis
The GBP/USD pair fell significantly during the day, but found plenty of support at the 1.2850 level on Thursday. With the jobs number coming out today, it’s very likely that we will get some type of a...