GBP/USD Forecast August 8, 2017, Technical Analysis
The British pound went sideways during most of the session on Monday, but did dip a little bit as the Americans came on board. It looks as if we are going to test the 1.30 level underneath,...
Category: Daily Forex Reports
EUR/USD Forecast August 8, 2017, Technical Analysis
The EUR/USD pair had a little bit of volatility during the day on Monday, with a slightly upward bias. However, this is a market that has sold off rather drastically after the jobs figure, and I expect...
AUD/USD Forecast August 8, 2017, Technical Analysis
The Aussie dollar rolled over a bit during the early Monday session, as the 0.7950 level has offered a bit too much in the way of resistance. Interestingly enough, it is roughly the 50% Fibonacci retracement level...
USDCHF Descending Channel (Aug 08, 2017)
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...
USDCAD Descending Channel (Feb 5, 2018)
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
USD/JPY Forecast August 7, 2017, Technical Analysis
The US dollar went sideways initially on Friday, hovering above the 110 level. We shot to the upside after that, as the jobs number was much better than anticipated, and that of course suggests that the Federal...
USD/CAD Forecast August 7, 2017, Technical Analysis
The US dollar initially went sideways during the day on Friday, as we hovered around the 1.2575 level. The market broke higher during the day, slicing through the 1.26 handle, as the US jobs market produced far...
GBP/USD Forecast August 7, 2017, Technical Analysis
The British pound went sideways initially during the day on Friday, but then collapsed after the jobs number came out much longer than anticipated in America. The British pound has been beaten up rather significantly over the...
EUR/USD Forecast August 7, 2017, Technical Analysis
The EUR/USD pair went sideways initially during the day on Friday, but then broke down after the jobs number came out much stronger than anticipated. Because of this, the market fell towards the 1.1750 level underneath, which...
AUD/USD Forecast August 7, 2017, Technical Analysis
The Australian dollar started out on Friday rather bullish, but found enough resistance at the 0.7980 level to fall over. This was predicated upon the jobs number in the United States being better than anticipated, so that...