USD/JPY Forecast January 11, 2017, Technical Analysis
The USD/JPY pair fell on Tuesday, testing the 115 level for support, which it looks as if it is finding. However, we need to see some type of bounce or supportive candle to go long at this...
Category: Daily Forex Reports
USD/CAD Forecast January 11, 2017, Technical Analysis
The USD/CAD pair went back and forth on Tuesday, but remains above the vital uptrend line marked on my chart. As long as we are above there, I believe that the buyers still have a good chance...
GBP/USD Forecast January 11, 2017, Technical Analysis
The British pound initially fell on Tuesday, but found enough support to turn things around and form a hammer. This of course is a bullish sign but I think is a short-term strength at best. A simple...
EUR/USD Forecast January 11, 2017, got technical Analysis
The EUR/USD pair tried to rally on Tuesday but gave back most of the gains in an unimpressive display. I still believe in the downside of this market, and then selling rallies is essentially taking advantage of...
AUD/USD Forecast January 11, 2017, Technical Analysis
The Australian dollar initially fell on Tuesday but found buyers below to start pushing higher again. We are currently testing the 0.74 handle, and now looks as if the upward momentum could continue. However, I see a...
GBPJPY Breakdown Pullback (Jan 11, 2017)
GBPJPY recently broke below a head and shoulders reversal formation, signaling that a long-term downtrend is in the cards. Price seems to be pulling up from its slide, though, and applying the Fib tool on the latest...
USD/JPY Forecast January 10, 2017, Technical Analysis
The USD/JPY pair initially tried to rally on Monday but turned around and found quite a bit of bearish pressure. I believe that the 115 level below will be massively supportive though, and act as a floor....
USD/CAD Forecast January 10, 2017, Technical Analysis
The USD/CAD pair went back and forth on Monday, as we continue to see quite a bit of volatility in the oil markets. That obviously has a significant amount of influence on this market, and because of...
GBP/USD Forecast January 10, 2017, Technical Analysis
The GBP/USD pair fell again on Tuesday, breaking down to make a fresh, new low. Although we did bounce towards the end of the session, I think this clearly suggests that we are going to make a...
EUR/USD Forecast January 10, 2017, Technical Analysis
The EUR/USD pair had a positive reaction to testing the 1.05 level, forming a green candle. By doing so, looks as we continue to see lots of volatility but I still think that the 1.07 level above...