USD/JPY Forecast July 26, 2017, Technical Analysis
The US dollar initially fell on Tuesday, but found enough support to break out to the upside. On the daily chart, this broke the top of a hammer, and that of course is a very bullish sign....
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USD/CAD Forecast July 26, 2017, Technical Analysis
The US dollar chopped around quite significantly against the Canadian dollar during the session on Tuesday, as we continue to see significant amounts of noise in the Forex markets. The 1.25 level underneath of course is a...
GBP/USD Forecast July 26, 2017, Technical Analysis
The British pound went sideways during the session initially on Tuesday, but found enough support at the 1.30 level to continue going higher. However, later in the day we ended up seen quite a bit of bullish...
EUR/USD Forecast January 26, 2017, Technical Analysis
The EUR/USD pair went sideways during the day on Tuesday, as we have been consolidating for some time. However, the market did rally during the day but then turned around at the 1.17 handle above. This is...
AUD/USD Forecast July 26, 2017, Technical Analysis
The Australian dollar rose during the session on Tuesday, as we continue to consolidate overall. I believe that the market is waiting for the FOMC Statement coming out today, as the Australian dollar is so highly leveraged...
USDJPY Triangle Support (July 26, 2017)
USDJPY has formed lower highs and higher lows on its 4-hour time frame, trading inside a symmetrical triangle pattern. Price is currently testing support and could be due for a bounce back to resistance. The 100 SMA...
USDCAD Daily Analysis – July 26, 2017
USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the important support at...
USDJPY Daily Analysis – July 26, 2017
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected...
AUDUSD Daily Analysis – July 26, 2017
Under pressure by the top trend line of the price channel on its monthly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds,...
GBPUSD Daily Analysis – July 26, 2017
GBPUSD formed a sideways movement in a trading range between 1.2811 and 1.3125. Another fall to test 1.2811 support would likely be seen in a couple of days. As long as this support level holds, the sideways...