USD/JPY Forecast July 11, 2017, Technical Analysis
The US dollar rose against the Japanese yen at the beginning of the Asian session on Monday, but once the Europeans and the Americans came on board, it became very quiet. A lot of this may be...
Category: Daily Forex Reports
USD/CAD Forecast July 11, 2017, Technical Analysis
The US dollar initially rallied against the Canadian dollar, but found a bit of resistance near the 1.2930 level. We rolled over there, which is interesting because it was previously supportive. However, later in the day we...
GBP/USD Forecast July 11, 2017, Technical Analysis
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
EUR/USD Forecast July 11, 2017, Technical Analysis
The EUR/USD pair continues to dance around the 1.14 level during the day on Monday, and should continue to do so today. The market doesn’t look like it’s ready to make much in the way of movement,...
AUD/USD Forecast July 11, 2017, Technical Analysis
The Australian dollar initially tried to rally on Monday, but turned around at the 0.76 level to fall to the 0.7580 level. We hardly gone anywhere during the day though, and I believe the Australian dollar is...
EURAUD Area of Interest (July 11, 2017)
EURAUD is trending higher recently and has been moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support at the 1.4900 major...
GBPAUD Channel Support (July 10, 2017)
GBPAUD has been trading inside an ascending channel pattern visible on its 4-hour time frame and is currently testing support. A bounce could take it back up to the resistance at 1.7150 to 1.7200 while a breakdown...
USD/JPY Forecast July 10, 2017, Technical Analysis
The USD/JPY pair shot through the roof during the day on Friday as jobs numbers came out better than anticipated. We tested the 114 handle, which of course offers a certain amount of resistance. If we can...
USD/CAD Forecast July 10, 2017, Technical Analysis
The US dollar went sideways against the Canadian dollar initially during the Friday session, but as the jobs numbers came out for both countries, this created a bit of a vacuum in this currency pair. The US...
GBP/USD Forecast July 10, 2017, Technical Analysis
The GBP/USD pair initially went sideways during the day on Friday, but then collapsed as of the jobs number in America came out much stronger than anticipated. As I write this, we are currently just below the...