USD/JPY Forecast January 12, 2016, Technical Analysis
The USD/JPY pair tried to rally during the course of the day on Monday, but turned back around in order to form a bit of a shooting star. This was much like the stock markets in the...
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USD/CAD Forecast January 12, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Monday, but turned back around to form a massive hammer. The hammer at the top of the uptrend of course is a very positive sign,...
GBP/USD Forecast January 12, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. The shooting star sits just above the 1.45 handle though,...
EUR/USD Forecast January 12, 2016, Technical Analysis
The EUR/USD pair fell a bit during the course of the session on Monday, but found enough support later in the day to turn things around and form a somewhat significant rally by the time the market...
AUD/USD Forecast January 12, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the session on Monday, but turned back around to form a massive shooting star. The shooting star of course is a negative sign, and as a...
NZDUSD Long-Term Reversal Signal (Jan 11, 2016)
NZDUSD has formed a double top pattern visible on its daily time frame, hinting that a longer-term selloff is in the cards. The chart pattern is approximately 400 pips in height so the pair could be...
Making Heads or Tails of This Market
By Elliott Wave International As the books were closed on 2015, the Chicago Tribune reported: “After a dismal stock finish to 2015, your natural conclusion might be: Why did I bother? “The Standard & Poor’s 500 finished...
USDCAD Weekly Analysis – January 10, 2016
USDCAD’s upward movement from 1.2831 extended to as high as 1.4176. Support is at the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be expected to continue, and...
USDJPY Weekly Analysis – January 10, 2016
USDJPY is facing 116.13 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already, then the following downward movement...
AUDUSD Weekly Analysis – January 10, 2016
AUDUSD is facing 0.6907 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.6500 area. On...