USD/JPY Forecast November 15, 2016, Technical Analysis
The USD/JPY pair broke down during the day on Monday, clearing the 107.50 level. This is an area that has caused quite a bit of resistance in the past so the fact that we broke above there...
Category: Daily Forex Reports
USD/CAD Forecast November 15, 2016, Technical Analysis
The USD/CAD pair continues to grind higher as oil markets falter. Now that we are above the 1.35 level, the market will then more than likely reach towards the 1.40 handle, perhaps even higher than that. Short-term...
GBP/USD Forecast November 15, 2016, Technical Analysis
The British pound fell against the US dollar during the day on Monday, as we broke below the 1.25 handle. However, I think there is a significant amount of support just below so I think it’s probably...
EUR/USD Forecast November 15, 2016, Technical Analysis
The EUR/USD pair broke down below the 1.08 level, extending the bearish pressure even further. We have had an absolute meltdown when it comes to the value of the Euro, and it seems like it’s going to...
AUD/USD Forecast November 15, 2016, Technical Analysis
The AUD/USD pair did very little on Monday, as we continue to meander just above the uptrend line that has been so supportive on the longer-term charts. Beyond that, we also have the 0.75 level just below,...
USDJPY Major Correction (Nov 15, 2016)
USDJPY has completed its correction to the broken long-term trend line extending all the way back to 1998 so the reversal could resume from here. This coincides with the 50% Fibonacci retracement level on the swing low...
NZDUSD Long-Term Reversal? (Nov 14, 2016)
NZDUSD has been trading inside an ascending channel pattern on its daily time frame and is currently testing support at the .7100 major psychological level. A bounce off this channel bottom could lead to a move back...
USD/JPY Forecast November 14, 2016, Technical Analysis
The USD/JPY pair fell at the open on Friday, but did turned around enough to form a nice-looking hammer. The hammer suggests that we are getting ready to trying to press the 108.50 level above that has...
USD/CAD Forecast November 14, 2016, Technical Analysis
The USD/CAD pair broke out above the 1.35 handle during the day, and continue to go higher on Friday. We did get back some of the gains but given enough time to looks as if we will...
GBP/USD Forecast November 14, 2016, Technical Analysis
The GBP/USD pair ended up rally again at the open on Monday, but then turned around to form a shooting star like candle. It looks as if we are starting to show signs of exhaustion, but we...