USD/CAD Forecast October 19, 2016, Technical Analysis
The USD/CAD pair fell initially during the course of the day but then turn right back around to form a bit of a hammer. By doing so, looks as if we are ready to start bouncing from...
Category: Daily Forex Reports
GBP/USD Forecast October 19, 2016, Technical Analysis
The GBP/USD pair rallied during the course of the day on Tuesday, breaking above the 1.23 handle. At this point in time, this is a market that could rally for a while, but I’m waiting to see...
EUR/USD Forecast October 19, 2016, Technical Analysis
The EUR/USD pair had a negative day again on Tuesday, as we continue to bounce around the 1.10 level below. At this point in time, it appears that we are going to go lower, and therefore I’m...
AUD/USD Forecast October 19, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Tuesday, but turn right back around form a bit of a shooting star. The shooting star of course is likely a sign that we have reached...
GBPJPY Downtrend Pullback (Oct 19, 2016)
GBPJPY has been trending lower on its 1-hour time frame, moving below a descending trend line. Price bounced off the 124.75 area and is pulling up to test the trend line once more. Applying the Fib tool...
USD/JPY Forecast October 18, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Monday, as we continue to try to break out to the upside, but the 105 level above is massively resistive. Because of this,...
USD/CAD Forecast October 18, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Monday, testing the 1.32 level above for resistance. That’s an area where the market has reacted several times, and the fact that we...
GBP/USD Forecast October 18, 2016, Technical Analysis
The GBP/USD pair went back and forth on Monday, essentially doing nothing. There is a massive amount of support just below the 1.20 level though, so having said that it’s likely that any attempt to go lower...
EUR/USD Forecast October 18, 2016, Technical Analysis
The EUR/USD pair broke higher during the day on Monday, slicing above the 1.10 level. It looks as if the market is trying to bounce out of the negativity that it has seen over the last couple...
AUD/USD Forecast October 18, 2016, Technical Analysis
The AUD/USD pair broke higher during the course of the day on Monday, testing the massive support above the 0.7650 level. If we can break above there, it’s likely that we will continue to grind our way...