USD/JPY Forecast October 2, 2017, Technical Analysis
The US dollar continues to bounce around against the Japanese yen, using the 112.50 level is a bit of a fulcrum. I believe that the market is trying to build a momentum, but we may get a...
Category: Daily Forex Reports
USD/CAD Forecast October 2, 2017, Technical Analysis
The US dollar rallied against the Canadian dollar on Friday, as we continue to pound towards the 1.25 handle. This is an area that’s offered a significant amount of resistance though, so I think this market is...
GBP/USD Forecast October 2, 2017, Technical Analysis
The British pound fell during Friday trading, reaching towards the 1.3350 level before bouncing. However, it looks as if it is going to sell off further into the US session, perhaps reaching towards the 1.33 level. I...
EUR/USD Forecast October 2, 2017, Technical Analysis
The EUR/USD pair had a positive session on Friday, reaching towards the 1.1835 level, before pulling back slightly. However, as the American traders came back on board, they started to buy the pair again, and I believe...
AUD/USD Forecast October 2, 2017, Technical Analysis
The Australian dollar slid down to lower levels during Friday, but it seems as if the Americans are willing to pick up the Aussie near the 0.78 handle, which is the beginning of significant support based upon...
AUDJPY Elliott Wave Analysis 9.29.2017
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
USD/JPY Forecast September 29, 2017, Technical Analysis
The US dollar initially rallied against the Japanese yen, but found a bit of trouble at the 113.25 level. Because of this, it looks likely that we are going to continue to churn in this area, but...
USD/CAD Forecast September 29, 2017, Technical Analysis
The US dollar initially tried to rally against the Canadian dollar, but has found the 1.25 level to be resistive. I think it’s pretty simple from this point, if we can break above the 1.25 level on...
GBP/USD Forecast September 29, 2017, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday, reaching down towards the 1.3350 level. However, we turned around to bounce significantly, only to see resistance at the 1.3450 level. I think this market continues to...
EUR/USD Forecast September 29, 2017, Technical Analysis
The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1725 level to turn around and bounce. We had formed a “W pattern” on the hourly chart, and it looks as if the buyers...