EUR/USD Uptrend Still Holding (August 27, 2013)
The ascending channel on EUR/USD’s 4-hour time frame is still pretty solid for now, as the pair just bounced off the bottom recently and is trading around the middle.
Category: Daily Forex Reports
USD/JPY Forecast August 26, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, but essentially ended up nowhere by the end of the day. There is a cluster of resistance above from the early part of July, and...
USD/CAD Forecast August 26, 2013, Technical Analysis
The USD/CAD pair rose during the session initially on Friday, but as you can see failed to hang onto gains, and formed a wicked looking shooting star. However, we feel that this market is only getting ready...
GBP/USD Forecast August 26, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Friday, forming a relatively neutral candle that closed just slightly negative. That being the case, we are still in the middle of two significant areas, and...
EUR/USD Forecast August 26, 2013, Technical Analysis
The EUR/USD pair rose during the session on Friday, but as you can see really didn’t have a lot of strength to it. In the end, the market has been less than exciting lately, simply consolidating and...
AUD/USD Forecast August 26, 2013, Technical Analysis
The AUD/USD fell initially during the session on Friday, but as you can see below the 0.90 handle we found enough support to cause the market to bounce and form a hammer.
USD/CAD: Long-term Ascending Trend Line (August 23, 2013)
Despite the rise in oil prices, the Loonie is having trouble pushing past the rising trend line on its daily time frame. As you can see from the chart, the pair has made several tests of this...
USD/JPY Forecast August 23, 2013, Technical Analysis
The USD/JPY pair did exactly what we asked to do as far as giving is a buy signal, and that was closing well above the 98.50 handle. That being the case, we are bullish of this pair...
USD/CAD Forecast August 23, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday, continuing the rally that we have seen over the last couple of days. In fact, the pair moved above the 1.05 level, which of course is a psychologically...
GBP/USD Forecast August 23, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, but as you can see bounced a bit in order to form a hammer. However, we don’t like buying this hammer here simply because it is in between...