USDCAD Short-Term Range (Apr 04, 2017)
USDCAD has been moving sideways on its 1-hour time frame, bouncing off support at the 1.3285 area and resistance at 1.3400. Price is currently testing the top of the range at the moment and if it holds...
Category: Daily Forex Reports
EURJPY Long-Term Downtrend? (Apr 03, 2017)
EURJPY failed in its last few attempts to break past the 123.00 area, creating a double top formation on its 4-hour chart. Price has yet to break below the neckline at the 118.00 major psychological mark before...
USD/JPY Forecast April 3, 2017, Technical Analysis
USD/JPY daily chart, April 03, 2017 The USD/JPY pair initially tried to rally during the day on Friday, but found the 100-exponential moving average too resistive to continue going higher. Because of this, I think we need...
USD/CAD Forecast April 3, 2017, Technical Analysis
USD/CAD daily chart, April 03, 2017 The USD/CAD pair initially tried to rally during the day but turned around and broke towards the 1.33 level underneath. The oil markets continue to show signs of strength, and that...
GBP/USD Forecast April 3, 2017, Technical Analysis
GBP/USD daily chart, April 03, 2017 The GBP/USD pair fell initially on Friday but found enough support to turn things around and show signs of strength. Currently, looks as if the British pound is starting to pick...
EUR/USD Forecast April 3, 2017, Technical Analysis
EUR/USD daily chart, April 03, 2017 The EUR/USD pair initially tried to rally during the day on Friday, but turned around to form a less than stellar bullish candle. The 1.0750 level above should be resistive, but...
AUD/USD Forecast April 3, 2017, Technical Analysis
AUD/USD daily chart, April 03, 2017 The AUD/USD pair had a volatile session during the day on Friday, as the 50-day exponential moving average continues to offer support. A break above the top of the candle should...
US Dollar Index: Elliott Wave Forecasting the Decline
One of the most popular consensus in 2017 among the analysts is a stronger U.S. Dollar due to the Fed in rate hiking cycle and also Donald Trump promising infrastructure spending, tax reform, which are all supposedly...
USDJPY Elliott wave View: Extended bounce
Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.077. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an extension where...
EURUSD Long-Term Channel (Mar 31, 2017)
EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame. Price could test support at the 1.0650...