AUD/USD Forecast June 16, 2016, Technical Analysis
The AUD/USD pair rose slightly during the course of the day on Wednesday, but quite frankly looks as if the market is simply grinding away. If we do break out above the top of the range for...
Category:
GBPUSD Short-Term Retracement (June 16, 2016)
GBPUSD recently made a downside break from support around the 1.4450 minor psychological level, indicating that price was in for further declines. The pair appears to be making a correction, though, and applying the Fib tool on...
USD/JPY Forecast June 15, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Tuesday, but found the area below the 106 level to offer quite a bit of support as it has been doing recently. With that being...
USD/CAD Forecast June 15, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Tuesday but found the 1.2850 level to be resistive enough to keep the market from going higher. In fact, we did up turning around to form...
GBP/USD Forecast June 15, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.41 level. We did not break down below there though, and as a result I think that this was a difficult day to...
EUR/USD Forecast June 15, 2016, Technical Analysis
The EUR/USD pair fell during the day on Tuesday, slicing through the 100 day exponential moving average. However, there is quite a bit of support and noise just below the 1.12 level, so it’s likely that we...
AUD/USD Forecast June 15, 2016, Technical Analysis
The AUD/USD pair went back and forth during the day on Tuesday as we continue to bang around just below the 0.74 level. We are currently sitting right at the 50 day exponential moving average, and of...
GBPAUD Complex Head and Shoulders (June 15, 2016)
GBPAUD recently broke below a long-term rising trend line, indicating that a selloff is about to take place. Price has since pulled up to this broken support area and looks ready to resume its drop. In addition,...
USD/JPY Forecast June 14, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Monday, but found enough support at the 106 level to turn things around and form a nice-looking hammer. If we can break above the top...
USD/CAD Forecast June 14, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the Monday session, but turned back around to form a bit of a shooting star. Ultimately, the market looks as if it is going to try...