USD/CAD Forecast July 23, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but as you can see we remain above the 1.03 handle, the area that we have been calling the “floor” in this market. Because of this, we do...
Category: Daily Forex Reports
GBP/USD Forecast July 23, 2013, Technical Analysis
The GBP/USD pair rose during the session on Monday, clearly vaulting over the 1.5250 handle. This is the level that we had previously stated needed to be overcome in order to feel bullish about this market, and...
EUR/USD Forecast July 23, 2013, Technical Analysis
The EUR/USD pair tried to rally during the Monday session, but failed to overcome the 1.32 level. This candle ended up being a shooting star, which of course signals that the bulls may be running out of...
AUD/USD Forecast July 23, 2013, Technical Analysis
The AUD/USD fell initially during the Monday session, but as you can see got a little bit of a boost later in the day. The resulting candle of course is a little bit of a hammer, but...
EUR/USD: Ascending Triangle (July 22, 2013)
EUR/USD is still stuck in consolidation for now, with an ascending triangle pattern forming on its 1-hour time frame.
USD/JPY Forecast July 22, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, but bounced off of the 100 area in order to form a hammer. We have been very bullish of this market for the longest time...
USD/CAD Forecast July 22, 2013, Technical Analysis
The USD/CAD pair fell during the session on Friday, in order to stay within the grinding range that we have been in recently. We have to admit though, this is not a positive sign for this pair...
GBP/USD Forecast July 22, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, breaking above the recent high that we had formed on Wednesday. Now that we have clear the 1.5250 handle easily, it appears that we are heading towards 1.55...
EUR/USD Forecast July 22, 2013, Technical Analysis
The EUR/USD pair had a slightly positive session on Friday, as we got above the 1.31 handle again. What’s been interesting about this pair is that there have been so many hammers form lately, one would think...
AUD/USD Forecast July 22, 2013, Technical Analysis
The AUD/USD pair went back and forth on Friday, and as you can see close slightly positive for the day. Nonetheless, we are still well underneath the resistance that needs to be overcome in order to even...