USD/CAD Forecast April 4, 2017, Technical Analysis
USD/CAD daily chart, April 04, 2017 The USD/CAD pair shot higher during the day as oil got pummeled. Because of this, I think if we can break above the 1.34 handle, we should then go to the...
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GBP/USD Forecast April 4, 2017, Technical Analysis
GBP/USD daily chart, April 04, 2017 The GBP/USD pair fell during the day on Monday as we continue to chop back and forth with no direction in mind. Longer-term, it looks as if we may try to...
EUR/USD Forecast April 4, 2017, Technical Analysis
EUR/USD daily chart, April 04, 2017 The EUR/USD pair had a very flat day, forming a very neutral candle. Because of this, looks as if the market isn’t quite ready to do anything but if we can...
AUD/USD Forecast April 4, 2017, Technical Analysis
AUD/USD daily chart, April 04, 2017 The AUD/USD pair initially tried to rally during the day on Monday but found sellers as markets in general sold risk related assets. Ultimately, this is a market that I think...
USDCAD Short-Term Range (Apr 04, 2017)
USDCAD has been moving sideways on its 1-hour time frame, bouncing off support at the 1.3285 area and resistance at 1.3400. Price is currently testing the top of the range at the moment and if it holds...
USDCAD Daily Analysis – April 4, 2017
USDCAD moved sideways in a trading range between 1.3264 and 1.3414. The pair is now testing 1.3414 resistance, a break of this level will confirm that the downward movement from 1.3535 had completed at 1.3264 already, then...
USDJPY Daily Analysis – April 4, 2017
USDJPY is forming a sideways consolidation in a range between 110.11 and 112.19. Resistance is at 112.19, a break of this level will confirm that the downtrend from 115.50 had completed at 110.11 already, then further rise...
AUDUSD Daily Analysis – April 4, 2017
AUDUSD is testing 0.7587 support, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then deeper decline to 0.7500 area could be seen. On the upside, as long as 0.7587 support holds,...
GBPUSD Daily Analysis – April 4, 2017
GBPUSD is facing the support of the upward trend line on 4-hours chart. A clear break below the trend line support will indicate that the downtrend from 1.2615 has resumed, then further decline to 1.2200 area could...
EURUSD Daily Analysis – April 4, 2017
EURUSD continued its downward movement from 1.0905 and the fall extended to as low as 1.0642. As we mentioned yesterday, the resistance level is at 1.0705, as long as the pair is below this level, the downtrend...