USD/CAD Forecast February 27, 2017, Technical Analysis
The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit...
Category: Daily Forex Reports
GBP/USD Forecast February 27, 2017, Technical Analysis
The GBP/USD pair fell during the day on Friday, testing the 1.25 level for support. Ultimately, this is a market that should continue to find quite a bit of volatility, the 1.24 level underneath is supportive. We...
EUR/USD Forecast February 27, 2017, Technical Analysis
The EUR/USD pair initially tried to rally on Friday but found enough resistance to turn around and form a shooting star. This is a very bearish looking market overall, but on the weekly chart we had formed...
AUD/USD Forecast February 27, 2017, Technical Analysis
The AUD/USD pair fell significantly during the day on Friday but bounced off the 0.7670 area, showing signs that there is plenty of support. We have a lot of resistance above, but given enough time I feel...
NZDUSD Short-Term Reversal Signal (Feb 24, 2017)
NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart. Price has yet to break above the neckline around the .7250 level...
USD/JPY Forecast February 23, 2017, Technical Analysis
The USD/JPY pair fell initially on Wednesday but found enough support again near the 112.50 level to turn things around and form a hammer. The hammer of course is a bullish sign and if we can break...
USD/CAD Forecast February 23, 2017, Technical Analysis
The US dollar initially pulled back during the day on Wednesday but found enough support at the 1.31 level to turn things around and rally. We broke above the 1.32 level during the day, and if we...
GBP/USD Forecast February 23, 2017, Technical Analysis
The British pound went back and forth during the day on Wednesday, testing the 1.25 level for resistance. We found that there again, but it just tells me that if we can break above there, the market...
EUR/USD Forecast February 23, 2017, Technical Analysis
The EUR/USD pair fell slightly during the day on Wednesday, testing the 1.05 level. That’s an area that has been supportive in the past, so it makes sense that we might bounce from here. However, I see...
AUD/USD Forecast February 23, 2017, Technical Analysis
The Australian dollar rallied a bit during the day on Wednesday, but found a bit of resistance at the 0.77 handle. Nonetheless, I believe that it’s only a matter of time before the Aussie continues to climb,...