EUR/USD Forecast November 1, 2016, Technical Analysis
The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of support. Ultimately, I believe that this...
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AUD/USD Forecast November 1, 2016, Technical Analysis
The AUD/USD pair broke higher during the day on Monday, clearing the top of the hammer. With this being the case, it looks as if the market should continue to try to grind higher. I do recognize...
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EURCAD Ascending Channel Resistance (Nov 01, 2016)
EURCAD has been trending higher on its 4-hour time frame and moving inside an ascending channel. Price has moved past the mid-channel area of interest and is making its way to the resistance around the 1.4900 major...
USDJPY Daily Analysis – November 1, 2016
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 103.16. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend. Further...
AUDUSD Daily Analysis – November 1, 2016
AUDUSD rebounded from the bottom of the price channel on 4-hour chart. Further rise would likely be seen in a couple of days, and the target would be at the top of the price channel. Support is...
GBPUSD Daily Analysis – November 1, 2016
GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds,...
EURUSD Daily Analysis – November 1, 2016
EURUSD remains in uptrend from 1.0851, the fall from 1.0991 is likely consolidation of the uptrend. Near term support is at 1.0925, as long as this level holds, the uptrend could be expected to continue, and next...
EURJPY Range Resistance (Oct 31, 2016)
EURJPY has been moving sideways on its 4-hour time frame and is making its way closer to the range resistance at the 116.00 major psychological level. If it holds as a ceiling, price could head back south...
USDCAD Daily Analysis – October 31, 2016
USDCAD’s upward movement from 1.3005 extended to as high as 1.3433. Further rise could be expected in a couple of days, and next target would be at 1.3600 area. Support levels are at 1.3345 and 1.3276, as...