AUD/USD Forecast November 21, 2016, Technical Analysis
The AUD/USD pair fell on Friday as we continue to see a lot of weakness in the Aussie dollar. This is a market that should continue to go lower as there is most certainly a massive amount...
Category: Daily Forex Reports
USD/JPY Forecast November 18, 2016, Technical Analysis
The USD/JPY pair rallied during the day on Thursday, testing the top of the shooting star from the Wednesday session. Because of this, it’s likely that the market will continue to try to break out to the...
USD/CAD Forecast November 18, 2016, Technical Analysis
The USD/CAD pair went back and forth on Thursday as we found a bit of support at the 1.34 level below. I think that the market should continue to go higher, perhaps reaching towards the 1.35 handle...
GBP/USD Forecast November 18, 2016, Technical Analysis
The GBP/USD pair tried to rally on Thursday but found the 1.25 level above resistive enough to turn things around and form a shooting star. This matches the shooting star from the previous session, so I believe...
EUR/USD Forecast November 18, 2016, Technical Analysis
The EUR/USD pair tried to rally at the open on Thursday but turned around to continue even lower. I believe that the EUR/USD pair will continue to grind all the way down to the 1.05 level, which...
AUD/USD Forecast November 18, 2016, Technical Analysis
The AUD/USD pair fell on Thursday after initially trying to test the 0.75 level. We found enough resistance there to turn around and fall towards the 0.7450 level, which is the bottom of the support “zone.” If...
GBPAUD Descending Channel Resistance (Nov 18, 2016)
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. The recent rally has allowed price to test the channel resistance once more, possibly bringing it back down to the lows at the...
USD/JPY Forecast November 17, 2016, Technical Analysis
The US dollar went back and forth during the course of the session on Wednesday against the Japanese in. We are overextended at this point, so I believe that a pullback from here is more than likely...
USD/CAD Forecast November 17, 2016, Technical Analysis
The US dollar initially rallied against the Canadian dollar returned around for a bit of a shooting star. This is a market that continues to grind higher overall though, so I’m waiting to see whether or not...
GBP/USD Forecast November 17, 2016, Technical Analysis
The British pound did almost nothing during the day on Wednesday against the US dollar, as we continue to drift in this general vicinity. I believe that this is a market that continues to grind sideways, and...