USD/JPY Forecast September 17, 2013, Technical Analysis
The USD/JPY pair fell during the session after gapping lower on Monday, but as you can see spent the rest the day trying to go higher. If we can get above the top of the hammer, we...
Category: Daily Forex Reports
USD/CAD Forecast September 17, 2013, Technical Analysis
The USD/CAD pair fell during the session as you can see on Monday, but found enough support just below the 1.03 handle in order to form a hammer. We feel this area is rather supportive, and therefore...
GBP/USD Forecast September 17, 2013, Technical Analysis
The GBP/USD pair gapped higher at the open on Monday, but as you can see spent most of the day pulling back. We’ve gone too close to the 1.60 handle to short of amount of time in...
EUR/USD Forecast September 17, 2013, Technical Analysis
The EUR/USD pair gapped higher at the open on Monday, but as you can see spent the rest of the day pulling back. This however does look like it’s somewhat supportive though, and because of that we...
AUD/USD Forecast September 17, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but as you can see failed at the 0.93 area in order to form a shooting star for the day. Although having said that, we did gap higher...
USD/JPY Resistance Turned Support (September 16, 2013)
USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.
USD/JPY Forecast September 13, 2013, Technical Analysis
The USD/JPY pair fell during most of the session on Thursday, but as you can see bounced in order to form a hammer that is situated right around the 99.50 level. Because of this, we think that...
USD/CAD Forecast September 13, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday as you can see, but still looks very weak overall. Because of this, we are not overly confident about buying this pair, and need to see a better...
GBP/USD Forecast September 13, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, but bounced hard enough off the 1.5750 level in order to form a hammer. This hammer tells us that this market wants to go higher, and as a...
EUR/USD Forecast September 13, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday, but as you can see found enough support at the 1.3250 level in order to bounce and form a hammer. This just solidifies our opinion that this market...