USD/JPY Forecast December 20, 2016, Technical Analysis
The USD/JPY pair fell on Monday, as we continue to see a lot of action in this market. Quite frankly, this is a market that is overextended at this point, so I like the idea of the...
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USD/CAD Forecast December 20, 2016, Technical Analysis
The USD/CAD pair initially dipped on Monday, but then turned around to reach towards the 1.34 handle. A break above there would send this market reaching towards the 1.35 handle, which is a massive resistive barrier, but...
GBP/USD Forecast December 20, 2016, Technical Analysis
The GBP/USD pair fell during the day on Monday, as they have tested the uptrend line. A break down below there is a very negative sign, and the British pound should continue to go much lower. A...
AUD/USD Forecast December 20, 2016, Technical Analysis
The AUD/USD pair initially trying to break back above the 0.73 level, but at this point it’s likely that the market will continue to drop from here. After all, we couldn’t hang onto the gains, so with...
USDJPY Ascending Trend Line (Dec 20, 2016)
USDJPY is still trending higher, moving above an ascending trend line on its 1-hour time frame and gearing up for a test of support. Applying the Fib tool on the latest swing low and high shows that...
EURAUD Range Setup (Dec 19, 2016)
EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark. If this holds as a ceiling, the pair could...
USDCAD Daily Analysis – December 19, 2016
USDCAD remains in uptrend from 1.3080, the fall from 1.3417 is likely consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend could be expected to resume, and further rise to...
USDJPY Daily Analysis – December 19, 2016
USDJPY’s upward movement from 101.18 extended to as high as 118.66. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area....
AUDUSD Daily Analysis – December 19, 2016
AUDUSD broke below 0.7310 support, indicating that the downtrend from 0.7778 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7200 area. Resistance is at 0.7380, only break above...
GBPUSD Daily Analysis – December 19, 2016
GBPUSD remains in downtrend from 1.2774, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2250 area. Resistance is at 1.2550, as long...