NZDUSD Trend Line Bounce (Jan 25, 2018)
This pair has been trending higher, moving above an ascending trend line on the 1-hour time frame and just bouncing off support. A rally could take it up to the latest highs near .7425 and beyond. The...
Category: Daily Forex Reports
USDCAD Bearish Flag (Jan 24, 2018)
USDCAD has been treading mostly sideways in the past few days and is consolidating inside a bearish flag formation visible on the daily time frame. Price is currently testing the triangle support and a breakdown could send...
USD/JPY Price Forecast January 24, 2018, Technical Analysis
The US dollar has fallen during the trading session on Tuesday, as we continue to see weakness in the greenback. I believe that the market will continue to be very noisy, as the 110 level will obviously...
USD/CAD Price Forecast January 24, 2018, Technical Analysis
The US dollar has rallied during the Tuesday session, reaching towards the 1.25 level, which of course is a large, round, psychologically significant number. That area of course will offer a bit of resistance, but it looks...
GBP/USD Price Forecast January 24, 2018, Technical Analysis
The British pound has initially tried to break above the 1.40 level but has pulled back from there is one would expect. After all, this is a market that has been very bullish as of late, so...
EUR/USD Price Forecast January 24, 2018, Technical Analysis
The EUR/USD pair has initially fallen during the day on Tuesday but found enough support near the 1.2225 level to turn around and show signs of life. If we can break above the 1.23 level, then the...
AUD/USD Price Forecast January 24, 2018, Technical Analysis
The Australian dollar has fallen a bit during the trading session on Monday, reaching down towards the 0.7950 level. I would anticipate some type of bounce on short-term charts, as we continue to consolidate below a major...
GBPUSD Channel Top (Jan 23, 2018)
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the...
EURUSD Short-Term Channel (Jan 22, 2018)
EURUSD continues to advance and positive updates from Germany’s coalition talks over the weekend could sustain the climb. However, price is hitting a roadblock at its short-term channel resistance and might need a correction before heading further...
USD/JPY Price Forecast January 19, 2018, Technical Analysis
The US dollar has pulled back a bit during the trading session on Thursday, reaching towards the 111 level. However, this is an area that has offered support and resistance in the past, so it doesn’t surprise...