USD/CAD Forecast June 19, 2017, Technical Analysis
The USD/CAD pair fell during most of the session on Friday as well got a little bit of a relief rally. However, we don’t see on this hourly chart is that we are approaching the uptrend line...
Category: Daily Forex Reports
GBP/USD Forecast June 19, 2017, Technical Analysis
The British pound rose slightly during the day on Friday, grinding towards the 1.28 handle. The 1.28 level is obviously offering a bit of resistance, but it appears that the market is stubbornly trying to break above...
EUR/USD Forecast June 19, 2017, Technical Analysis
The EUR/USD pair shot higher on Friday, slamming into the 1.12 region. This is an area that begins a lot of noise though, so I’m not real sure that we can break out above year. The weekly...
AUD/USD Forecast June 19, 2017, Technical Analysis
The Australian dollar shut higher initially during the day on Friday, but then pulled back to test the opening again, only to rally and reach towards the 0.7625 handle. We found a bit of resistance there, so...
YM (Dow Futures) Elliott Wave Analysis 6.16.2017
Short term YM (Dow Futures) Elliott Wave view suggests the rally from 4/19 low is unfolding as a diagonal Elliott Wave structure where Minor wave 1 ended at 21010 (4/26), Minor wave 2 ended at 20474 (5/18), Minor wave 3 ended...
USD/JPY Forecast June 16, 2017, Technical Analysis
The USD/JPY pair went back and forth during the day on Thursday, and then shot straight through the air as the “risk on” move started in the currency markets. Looking at this chart, it’s easy to see...
USD/CAD Forecast June 16, 2017, Technical Analysis
The USD/CAD pair initially tried to fall during the day on Thursday, but found enough support to turn around and go looking towards the 1.33 handle. A break above there will be a very bullish sign, suggesting...
GBP/USD Forecast June 16, 2017, Technical Analysis
The GBP/USD pair initially fell on Thursday, but popped back above the 1.2750 level. By doing so, it shows that the market is trying to rally, that of course is a good sign for the British pound...
EUR/USD Forecast June 16, 2017, Technical Analysis
The EUR/USD pair initially tried to rally at the open on Thursday, but then broke down significantly, slicing below the 1.12 handle during the day. As I record this, the market looks as if it is trying...
AUD/USD Forecast June 16, 2017, Technical Analysis
The Australian dollar initially tried to rally during the day on Thursday, but found resistance at the 0.7640 level. We pulled back from there, and then reached for support below where we did start to see that....