GBPUSD Range Setup (Sep 20, 2016)
GBPUSD has been trading sideways on its 4-hour time frame, moving between support at the 1.2900 area and resistance at 1.3450. Price is nearing the bottom of the range at the moment and might be due for...
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USD/JPY Forecast September 20, 2016, Technical Analysis
The USD/JPY pair fell slightly during the course of the session on Monday, testing the 101.50 level. This is an area that would be slightly supportive, but I believe that there is quite a bit of support...
USD/CAD Forecast September 20, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the session, and then turn right back around to form a very positive candle. A hammer sitting at the 1.32 level shows that we are still trying to...
GBP/USD Forecast September 20, 2016, Technical Analysis
The GBP/USD pair initially rallied during the course of the day on Monday, but gave back about half of the gains during the day. With this being the case, the market looks as if it is still...
EUR/USD Forecast September 20, 2016, Technical Analysis
The EUR/USD pair rallied during the course of the day on Monday, bouncing off of the 1.1150 level as we expected. Ultimately, I believe that given enough time there will be sellers and signs of exhaustion so...
AUD/USD Forecast September 20, 2016, Technical Analysis
The AUD/USD pair rose during the course of the session on Monday, breaking above the 0.75 level. The 0.7550 level is an area that has seen a bit of resistance previously, so if we can break above...
USDCAD Daily Analysis – September 20, 2016
USDCAD remains in uptrend from 1.2822, the fall from 1.3248 could be treated as consolidation of the uptrend. Key support is at 1.3100, as long as this level holds, the uptrend could be expected to continue, and...
AUDUSD Daily Analysis – September 20, 2016
AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support...
GBPUSD Daily Analysis – September 20, 2016
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. Further decline is still possible after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is...
EURUSD Daily Analysis – September 20, 2016
EURUSD is in downtrend from 1.1326. Further decline to test 1.1123 support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 has resumed, then next target would be at...