GBPAUD Trend Line Correction (Dec 4, 2015)
GBPAUD has been on a steady downtrend but just enjoyed a nice pop higher after the release of today’s set of data from Australia and the UK. This opens the possibility of a correction to the trend...
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USD/JPY Forecast December 4, 2015, Technical Analysis
The USD/JPY pair fell apart during the day on Thursday as we sell broad US dollar selling. However, this was predicated mainly upon the European Central Bank not offering as much stimulus as anticipated, and as a...
USD/CAD Forecast December 4, 2015, Technical Analysis
The USD/CAD pair tried to rally during the course of the day on Thursday, but turned back around to give up about half of the gains. Ultimately though, the thing that we know about this particular pair...
GBP/USD Forecast December 4, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday but then shot right through the 1.50 level like it wasn’t even there. As we started to close towards the end of the day, we are starting...
EUR/USD Forecast December 4, 2015, Technical Analysis
The EUR/USD pair initially fell during the day on Thursday, but then rocketed to the upside to crash into the bottom of the uptrend line that had previously made the ascending triangle. This was in reaction to...
AUD/USD Forecast December 4, 2015, Technical Analysis
The AUD/USD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar. We are approaching the 0.74 level though, and that is an area that...
AUDUSD Ascending Trend Line (Dec 3, 2015)
AUDUSD has been moving in a steady uptrend, trading above an ascending trend line connecting the latest lows of price action. Price recently made a swing high near the .7350 minor psychological level before showing signs of...
USD/JPY Forecast December 2, 2015, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but pulled back at the 123 level as we sell quite a bit of resistance. Ultimately, this market is consolidating and we...
USD/CAD Forecast December 2, 2015, Technical Analysis
The USD/CAD pair initially fell during the day on Tuesday, but found enough support near the 1.33 level to form a bit of a hammer. This is a market that should have quite a bit of volatility...
GBP/USD Forecast December 2, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Tuesday, showing quite a bit of volatility, yet lack of real direction for the day. Ultimately though, we prefer selling this market so...