EUR/GBP Long-Term Channel (November 19, 2013)
EUR/GBP has sold off in the past few days but the daily time frame seems to suggest that a bounce is in the cards. The pair is currently testing the bottom of the descending channel right around...
Category: Daily Forex Reports
GBP/USD Descending Channel (November 18, 2013)
Last week’s anti-dollar sentiment and relatively upbeat data from the U.K. has triggered a bounce from the bottom of the descending support level on GBP/USD, yet a descending resistance level can also be seen.
USD/JPY Forecast November 18, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, essentially proving that the 100 level should offer little bit of support, and this of course is bullish as far as we can tell.
USD/CAD Forecast November 18, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, but as you can see stays well within the consolidation area that we have been in over the last several sessions. That being the case, we feel that...
GBP/USD Forecast November 18, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, closing above the 1.61 handle. This of course is a bullish sign, and as a result we are willing to buy this pair now. We think that the...
EUR/USD Forecast November 18, 2013, Technical Analysis
The EUR/USD pair rose during the session on Friday, slamming into the 1.35 handle yet again. This level should offer a significant amount resistance though, and we also can make an argument for the fact that consolidation...
AUD/USD Forecast November 18, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, but remains within the consolidation area we’ve seen over the last couple of sessions, as a result this market simply looks like its content to go back and...
EUR/AUD Confluence at 1.4450 (November 15, 2013)
EUR/AUD might be ready to resume its drop, as the pair is testing the top of a falling channel on its 4-hour time frame. Stochastic is pointing down from the overbought region, indicating that bears are ready...
USD/JPY Forecast November 15, 2013, Technical Analysis
The USD/JPY pair rose during the session on Thursday, slicing all the way up to the 100 handle. That being the case, we feel that the market moving above 100 is a buy signal, and as a...
USD/CAD Forecast November 15, 2013, Technical Analysis
The USD/CAD pair shot higher during the session on Thursday, initially breaking above the 1.05 level. However, you can see that the market pulled back in order to close below that level and form a shooting star,...