USDCAD Double Bottom (Feb 13, 2018)
USDCAD could be in for a long-term reversal from its selloff as price has formed a double bottom on its daily time frame. The pair has yet to test the neckline around the 1.2950 minor psychological level,...
Category: Daily Forex Reports
USD/JPY Price Forecast February 13, 2018, Technical Analysis
The US dollar has drifted slightly lower against the Japanese yen during the trading session on Monday, as we continue to see a bit of concerned from traders around the world. I think that this pair is...
USD/CAD Price Forecast February 13, 2018, Technical Analysis
The US dollar has rallied initially during the trading session on Monday against the Canadian dollar, as the oil markets continue to sell off. The oversupply of crude oil is going to become an issue, and I...
GBP/USD Price Forecast February 13, 2018, Technical Analysis
The British pound has rallied initially during trading on Monday, but as you can see has struggled after that. Ultimately though, I do think that there are buyers underneath, but we may need to pull back to...
EUR/USD Price Forecast February 13, 2018, Technical Analysis
The EUR/USD pair has pulled back slightly during the trading session on Monday, showing signs of grinding sideways overall. When you look at the last couple of days, we have been dancing around the 1.2250 level, which...
AUD/USD Price Forecast February 13, 2018, Technical Analysis
The Australian dollar has rallied a bit during the trading session on Monday, as it looks like value hunters are starting to return. Beyond that, Gold markets look a little bit bullion, so that should continue to...
Dow Jones Iron & Steel Index DJUSST Bullish Sequence
Last month, Dow Jones Iron & Steel Index DJUSST managed to break above December 2016 peak and created an incomplete bullish sequence from 2016 low calling for a move higher toward equal legs area $374 -$411. In...
EURAUD Triple Top (Feb 12, 2018)
A reversal may be brewing for EURAUD as the pair has formed a triple top formation on its 4-hour time frame and could be due for a break lower. Price is testing the neckline at the 1.5650...
USD/JPY Price Forecast February 9, 2018, Technical Analysis
The US dollar rallied a bit against the Japanese yen at the open on Thursday but continues to find plenty of resistance above at the 110 handle. This is a market that will be highly sensitive to...
USD/CAD Price Forecast February 9, 2018, Technical Analysis
As you can see on the chart, I had an ellipse marked from the previous session, an area that I thought was going to cause a bit of support. It does look as if that’s happening on...