Another NZDJPY Correction (Aug 14, 2017)
NZDJPY continues to trend lower as its moves below a descending trend line visible on the 1-hour and 4-hour time frame. Price could be due for another pullback to the trend line, which lines up with the...
Category: Daily Forex Reports
USD/JPY Forecast August 14, 2017, Technical Analysis
The US dollar did bounce around during most of the day on Friday as the 109 level seems to be attracting a lot of attention. This has been a very volatile currency pair, mainly due to the...
USD/CAD Forecast August 14, 2017, Technical Analysis
The US dollar fell against the Canadian dollar on Friday, slicing through the 1.27 level again. The market is taking a bit of a break after several attempts to the upside, and I think that a pullback...
GBP/USD Forecast August 14, 2017, Technical Analysis
The British pound went back and forth during the day on Friday, initially trying to break above the 1.30 level, but then found enough resistance to turn around yet again. Ultimately, I think that the market should...
EUR/USD Forecast August 14, 2017, Technical Analysis
The EUR/USD pair initially dipped lower during the day on Friday, but then shot higher impulsively during the American session. It looks as if the market is trying to find its footing, and eventually should go looking...
AUD/USD Forecast August 14, 2017, Technical Analysis
The Australian dollar has been very volatile during the Friday session, initially dipping to a fresh, new low, and then exploding to the upside. I think this market is trying to find some type of a longer-term...
USD/JPY Forecast August 11, 2017, Technical Analysis
The USD/JPY pair broke down during the session on Thursday, slicing through what little bit of support we had seen at the 109.50 level. I believe that it’s only a matter of time before the sellers return...
USD/CAD Forecast August 11, 2017, Technical Analysis
The US dollar initially tried to rally against the Canadian dollar, but then pulled back rather drastically. However, later in the day we are starting to see the market rally again, and it looks like we are...
GBP/USD Forecast August 11, 2017, Technical Analysis
The GBP/USD pair initially fell on Thursday but found enough support near the 1.2950 level to bounce back towards the 1.30 handle. I think at this point in time, you’re probably best off sitting on the sidelines...
EUR/USD Forecast August 11, 2017, Technical Analysis
The EUR/USD pair initially fell on Thursday, testing the 1.17 level. However, we have turned around significantly, and it looks as if this area could hold. If we can break above the 1.1775 level, the market should...