USD/JPY Forecast July 26, 2017, Technical Analysis
The US dollar initially fell on Tuesday, but found enough support to break out to the upside. On the daily chart, this broke the top of a hammer, and that of course is a very bullish sign....
Category: Daily Forex Reports
USD/CAD Forecast July 26, 2017, Technical Analysis
The US dollar chopped around quite significantly against the Canadian dollar during the session on Tuesday, as we continue to see significant amounts of noise in the Forex markets. The 1.25 level underneath of course is a...
GBP/USD Forecast July 26, 2017, Technical Analysis
The British pound went sideways during the session initially on Tuesday, but found enough support at the 1.30 level to continue going higher. However, later in the day we ended up seen quite a bit of bullish...
EUR/USD Forecast January 26, 2017, Technical Analysis
The EUR/USD pair went sideways during the day on Tuesday, as we have been consolidating for some time. However, the market did rally during the day but then turned around at the 1.17 handle above. This is...
AUD/USD Forecast July 26, 2017, Technical Analysis
The Australian dollar rose during the session on Tuesday, as we continue to consolidate overall. I believe that the market is waiting for the FOMC Statement coming out today, as the Australian dollar is so highly leveraged...
USDJPY Triangle Support (July 26, 2017)
USDJPY has formed lower highs and higher lows on its 4-hour time frame, trading inside a symmetrical triangle pattern. Price is currently testing support and could be due for a bounce back to resistance. The 100 SMA...
USD/JPY Forecast July 25, 2017, Technical Analysis
The USD/JPY pair fell initially during the day on Monday, within rallied a bit. It fell again, and then rallied again. It looks as if we are trying to make some type of stand near the 111...
USD/CAD Forecast July 25, 2017, Technical Analysis
The USD/CAD pair broke down significantly during the early part of the trading session on Monday, breaking below the 1.25 handle. The 1.25 level of course is a significant round number, and of course will attract a...
GBP/USD Forecast July 25, 2017, Technical Analysis
The British pound initially rally during the Monday session, but pulled back to the opening price in order to find buying pressure. It did, so therefore we continue to grind higher, and it looks as if the...
EUR/USD Forecast July 25, 2017, Technical Analysis
The EUR/USD pair went sideways during the session on Monday, and broke down towards the 1.1625 handle underneath. The market finding support underneath is not much of a surprise, because it had been resistive. I believe that...