USD/CAD Forecast February 17, 2017, Technical Analysis
The USD/CAD pair fell a bit during the day on Thursday, testing the 1.30 level. That is an area that has offered quite a bit of support in the past, and it looks as if it is...
Category: Daily Forex Reports
GBP/USD Forecast February 17, 2017, Technical Analysis
The British pound rallied during the day on Thursday, showing signs of strength again. However, the 1.25 level seems to be a bit of a fulcrum for action, so unsurprisingly we stalled a bit there. I think...
EUR/USD Forecast February 17, 2017, Technical Analysis
The EUR/USD pair rallied during the day on Thursday, breaking above the top of the hammer from the previous session, this of course is a very bullish sign. However, the 50-day exponential moving averages just above and...
AUD/USD Forecast February 17, 2017, Technical Analysis
AUD/USD had an interesting session during the Thursday trading hours, as we reached towards the 0.7750 level. We turned around to form and exhaustive candle, and as a result I think we will more than likely try...
EURAUD Downtrend Pullback (Feb 17, 2017)
EURAUD has been trending lower and has recently broken below support around the 1.3800-1.3850 area. Price has dipped to 1.3725 before showing signs of a correction, and applying the Fib tool on the swing high and low...
USD/JPY Forecast February 16, 2017, Technical Analysis
The USD/JPY pair initially rallied on Wednesday, testing the 115 level where it met quite a bit of resistance. We did pull back, but on short-term charts it looks as if the buyers are still very active....
USD/CAD Forecast February 16, 2017, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Wednesday, but found the 1.31 level to be a bit too resistive. We turned around, and I believe this signifies that we’re going to bounce around...
GBP/USD Forecast February 16, 2017, Technical Analysis
The GBP/USD pair initially fell during the day on Wednesday, but turned around to form a hammer. The hammer of course is a bullish sign, and I believe that the hammer gives us an opportunity to buy...
EUR/USD Forecast February 16, 2017, Technical Analysis
The EUR/USD pair fell initially during the day on Wednesday, but found enough support of the 1.05 level to bounce and form a hammer. This of course is a bullish sign and I think that the market...
AUD/USD Forecast February 16, 2017, Technical Analysis
The AUD/USD pair initially fell on Wednesday, but found enough support to turn things around and break out to a fresh, new high. Because of this, I think we’re going to try to reach towards the 0.7750...