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...
Category: Daily Forex Reports
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...
AUD/USD Forecast December 2, 2016, Technical Analysis
AUD/USD went back and forth during the Thursday session, so having said that it’s likely that the market will continue to be volatile in general. Ultimately, this is a market that tends to be greatly influenced by...
GBPJPY Ascending Trend Line (Dec 02, 2016)
GBPJPY has been on a steady uptrend, moving above an ascending trend line connecting the latest lows of price action on its 1-hour chart. Price has surged past the 145.00 mark before showing signs of a pullback...
USDJPY Ascending Trend Line (Dec 01, 2016)
USDJPY continues to trend higher, moving above a rising trend line on its 1-hour time frame. Price recently broke past the resistance around the 113.50 minor psychological level and zoomed up to the 114.50 area before pulling...
GBP/USD Forecast November 30, 2016, Technical Analysis
The GBP/USD pair rallied at the open on Tuesday, testing the 1.25 handle. This is a market that continues to see a lot of volatility in this area, and as a result I think it can be...
USD/CAD Forecast November 30, 2016, Technical Analysis
The USD/CAD pair rallied on Tuesday, but found a bit of resistance at the 1.35 level above. Because of this, the market looks likely to continue to chop around in general, as we are trying to build...