EURUSD Short-Term Pullback (Dec 06, 2016)
EURUSD made such a strong rally in recent trading and might be due for a quick pullback ahead of top-tier events. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows...
Category: Daily Forex Reports
USDCAD Downtrend Pullback (Dec 05, 2016)
USDCAD is trending lower, moving inside a descending channel on its 1-hour time frame. Price just bounced off the channel support and is making its way up to the resistance at the 1.3400 major psychological level. ...
USD/JPY Forecast December 5, 2016, Technical Analysis
The USD/JPY pair fell slightly during the Friday session after the jobs number came out at roughly expected figures. However, there seems to be less inflationary pressure than anticipated, and that of course will bring back some...
USD/CAD Forecast December 5, 2016, Technical Analysis
The USD/CAD pair fell on Friday at the beginning of the day, but as we went into the afternoon during North American trading, the market turned around to form a supportive looking hammer. Because of this, it’s...
GBP/USD Forecast December 5, 2016, Technical Analysis
The GBP/USD pair broke higher during the day on Friday, as we start to approach the 1.27 level yet again. This is an area that I think will break, and once it does we will probably make...
EUR/USD Forecast December 5, 2016, Technical Analysis
The EUR/USD pair fell slightly but then turned back around to form a hammer. The hammer of course is a bullish sign but I think that any rally at this point in time should be a nice...
AUD/USD Forecast December 5, 2016, Technical Analysis
The AUD/USD pair fell slightly during the session on Friday, but found enough support near the 0.74 level to bounce and test the 0.7450 level again. We found resistance there, as we have in the past, so...
USD/CAD Forecast December 2, 2016, Technical Analysis
The USD/CAD pair broke down during the day on Thursday as oil markets rallied yet again. Breaking the bottom of the hammer from the previous session of course is a very negative sign but I think there...
GBP/USD Forecast December 2, 2016, Technical Analysis
The GBP/USD pair rallied at the beginning of the session on Thursday, but turned around to form a shooting star. If we break down below here, I think that the market will simply continue the overall consolidation...
USD/JPY Forecast December 2, 2016, Technical Analysis
The USD/JPY pair fell slightly during the Thursday session, but turned around to form a bit of a hammer. The hammer of course is a bullish sign, and because of this we could continue to go higher...