GBPUSD Short-Term Channel (Mar 21, 2018)
GBPUSD is trending higher on its 1-hour time frame and moving inside an ascending channel pattern. Price is just bouncing off the top and might be due for a dip to the bottom around the 1.3970 level....
Category: Daily Forex Reports
USD/CAD Price Forecast March 21, 2018, Technical Analysis
The US dollar has gone sideways against the Canadian dollar over the last 24 hours, after initially dipping at the open on Monday. The market looks very likely to hang about this area, as we are watching...
GBP/USD camp Price Forecast March 21, 2018, Technical Analysis
I believe that much of the selling in this pair is probably due to people stepping away from the currency markets as we await confirmation from the Federal Reserve as to what they might be doing over...
EUR/USD Price Forecast March 21, 2018, Technical Analysis
The EUR/USD pair broke down significantly during the trading session on Tuesday, reaching down towards the 1.2270 level, an area that has offered support recently. I think that if we bounce from here, the market will probably...
AUD/USD Price Forecast March 21, 2018, Technical Analysis
The Australian dollar has initially fell during the trading session on Tuesday, but you can see is starting to bounce a bit on the chart. I think that the 0.77 level is going to continue to be...
USDCAD Simple Retracement (Mar 20, 2018)
USDCAD is still trending higher, moving above an ascending trend line visible on its 4-hour time frame. Price is stalling around the 1.3100 handle and looks prime for a pullback to the uptrend line. Using the Fib...
AUDUSD Countertrend Play (Mar 19, 2018)
AUDUSD has been trending lower and moving inside a descending channel on its 1-hour time frame. Price bounced off the resistance and is setting its sights on the channel support around the .7650 minor psychological level. The...
USD/JPY Price Forecast March 16, 2018, Technical Analysis
The US dollar has gone back and forth during the trading session on Thursday, as the stock market seem to be struggling for some type of clarity. Because of this, I’m not expecting much out of the...
USD/CAD Price Forecast March 16, 2018, Technical Analysis
The US dollar has rallied a bit during the trading session on Thursday, as we crashed into the 1.30 level. We started to run stops in that area, but this is an area that is huge from...
GBP/USD Price Forecast March 16, 2018, Technical Analysis
The British pound has initially fallen during trading on Thursday but continues to find support at the previous downtrend line. Because of this, I think that the market is eventually going to build up the necessary momentum...