USD/JPY Forecast April 8, 2014, Technical Analysis
The USD/JPY pair fell during the session on Monday, finding the 103 level by the end of the day. This area could bring in buyers, but in the meantime it’s difficult to buy until we get a...
Category: Daily Forex Reports
USD/CAD Forecast April 8, 2014, Technical Analysis
The USD/CAD pair tried to rally during the session on Monday, but found the 1.10 level to be a bit too resistive in order to form a shooting star. This shooting star suggests that the market is...
GBP/USD Forecast April 8, 2014, Technical Analysis
The GBP/USD pair rose during the session on Monday, breaking above the 1.66 level again. This market appears as if it is ready to continue going higher, ultimately testing the 1.70 level given enough time. However, there...
EUR/USD Forecast April 8, 2014, Technical Analysis
The EUR/USD pair rose during the session on Monday, breaking the top of the hammer from the Friday session, so it appears that the market is ready to continue going higher. This is interesting, because the hammer...
AUD/USD Forecast April 8, 2014, Technical Analysis
The AUD/USD pair fell during the session on Monday, but found the 0.9250 level supportive enough to keep the market afloat. Because of this, we feel that this market is ready to continue going higher, not to...
CAD/JPY Triple Bottom Breakout? (April 7, 2014)
After trending lower towards the end of last year and the start of this year, CAD/JPY has formed a consolidation pattern and is indicating a possible reversal of the previous downtrend. A triple bottom can be seen...
USD/JPY Forecast April 7, 2014, Technical Analysis
The USD/JPY pair initially try to rally on Friday, but turn things back around and formed a very nasty looking bearish candle. That being said though, we believe that the longer-term Outlook of the pair is higher,...
USD/CAD Forecast April 7, 2014, Technical Analysis
The USD/CAD pair fell during the session on Friday, slicing through the 1.10 level. Even though that’s the big figure, we see support all the way down to the 1.09 handle, so quite frankly we are buyers...
GBP/USD Forecast April 7, 20.4, Technical Analysis
The GBP/USD pair fell during the session on Friday, but found enough support below the 1.6550 level in order to turn things around and form a hammer. Because of this, we believe that this market could very...
EUR/USD Forecast April 7, 2014, Technical Analysis
The EUR/USD pair fell during the session on Friday, but bounce back above the 1.37 level in order to form a nice hammer. This hammer of course is a bullish sign, but it appears that the euro...