AUD/USD Forecast September 30, 2016, Technical Analysis
The AUD/USD pair had a fairly negative candle during the day as we continue to run into quite a bit of resistance near the 0.77 handle. With this being the case, I feel that the market is...
Category: Daily Forex Reports
EURAUD Channel Break Correction (Sep 30, 2016)
EURAUD was previously trading inside an ascending channel on its 4-hour time frame before breaking lower and showing that a reversal is due. Price has found support near the 1.4600 mark and has pulled up from its...
USD/JPY Forecast September 29, 2016, Technical Analysis
The EUR/JPY pair initially tried to rally during the day on Wednesday, but turned around to form a bit of a shooting star. Ultimately though, the 100 level below is massively supportive and as that is the...
USD/CAD Forecast September 29, 2016, Technical Analysis
The USD/CAD pair rose during the course of the session on Wednesday, breaking above the 1.32 level significantly. However, we have to get above the top of the session for Tuesday, and once we get above there,...
GBP/USD Forecast September 29, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Wednesday, showing a fairly neutral candle. At this point in time, it appears that the 1.30 level is a bit of a magnet...
EUR/USD Forecast September 29, 2016, Technical Analysis
The EUR/USD pair went back and forth and form a bit of a negative candle, with a neutral tone as well. With this being the case, I think we continue to grind lower, but at this point...
AUD/USD Forecast September 29, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the session, but turned around to form a shooting star. I believe that an area below near the 0.76 level is essentially the “floor” at this...
USDCAD Reversal Pattern (Sep 29, 2016)
USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a...
USD/JPY Forecast September 28, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately forming a fairly neutral candle. The neutral candle is only neutral because we are sitting on top of the 100 level...
USD/CAD Forecast September 28, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a fresh, new high at one point during the session,...