EUR/USD Forecast April 26, 2016, Technical Analysis
The EUR/USD pair rose during the course of the session on Monday, as we continue to see support just below. The 1.12 level has offered enough support to cause a bit of a bounce, and it should...
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AUD/USD Forecast April 26, 2016, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Monday, as we simply continue to test support at the 0.77 level. With this being the case, the market should continue to go...
GBPJPY Reversal Signals (Apr 26, 2016)
GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal. In addition, a complex double bottom pattern has formed and...
USDJPY Uptrend Pullback (Apr 25, 2016)
USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place. However, price has encountered resistance near the 112.00 major psychological level...
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USDCAD Weekly Analysis – April 24, 2016
USDCAD’s downward movement from 1.4689 extended to as low as 1.2592. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on...
USDJPY Weekly Analysis – April 24, 2016
USDJPY broke above the downward trend line on daily chart, indicating that the downward movement from 123.75 had completed at 107.63 already. Further rally could be expected over the next several weeks, and the target would be...
AUDUSD Weekly Analysis – April 24, 2016
AUDUSD continued its upward movement from 0.6826, and the rise extended to as high as 0.7834. Further rise is still possible in a couple of weeks, and next target would be at 0.8000 area. Near term support...
GBPUSD Weekly Analysis – April 24, 2016
GBPUSD moved sideways without trend in a trading range between 1.3835 and 1.4668 for several weeks. Key resistance is at 1.4668, as long as this level holds, the price action in the range could be treated as...