GBP/USD Forecast May 31, 2017, Technical Analysis
The British pound broke out to the upside during the day on Tuesday after initially dipping lower. Now that we have broken above to make a “higher high”, it looks as if the market is going to...
Category: Daily Forex Reports
EUR/USD Forecast May 31, 2017, Technical Analysis
The EUR/USD pair initially fell during the day on Monday, dropping all the way down to the 1.11 level early, but then bounced significantly and reached towards the 1.12 level above. That area offered a bit of...
AUD/USD Forecast May 31, 2017, Technical Analysis
The Australian dollar fell a bit during the day on Tuesday, but found enough support near the 0.74 level to turn things around and shoot much higher. Breaking above the 0.7450 level is very significant, and if...
GBPNZD Retracement Setup (May 31, 2017)
GBPNZD has sold off quite sharply recently but this dive could come to a halt as price nears an area of interest. Recall that the pair also broke past the neckline of a double bottom pattern, indicating...
USD/JPY Forecast May 30, 2017, Technical Analysis
The USD/JPY pair has been choppy during the session on Monday, as we continue to hover around the 111.25 level. The market looks very likely to try to stabilize in this area, but if we can break...
USD/CAD Forecast May 30, 2017, Technical Analysis
The USD/CAD pair was slightly negative during the day on Monday, but is starting to find support near the 1.3425 handle. The market has been in a downtrend for some time, and of course is driven heavily...
GBP/USD Forecast May 30, 2017, Technical Analysis
The British pound rose again during the session on Monday, as we have stabilized over the last couple of days. The selloff was rather drastic, but at this point we have the 1.2750 level underneath. The 1.2750...
EUR/USD Forecast May 30, 2017, Technical Analysis
The EUR/USD pair did very little during the day on Monday, as we continue to grind just below the 1.12 level, an area that of course has a certain amount of psychological importance, but currently seems to...
AUD/USD Forecast May 30, 2017, Technical Analysis
The Australian dollar had a choppy back and forth type of situation form on Monday, as we gapped lower, then bounced to find resistance at the 0.7450 level. After that, we fell down to the 0.7425 level,...
EURGBP Channel Resistance (May 30, 2017)
EURGBP has been trending lower on the daily time frame and is currently testing the resistance of its descending channel. If this keeps gains in check, price could head back down to support at the .8300 major...