AUDUSD Double Top (Oct 28, 2016)
AUDUSD could be in for a quick reversal from its uptrend, as the pair formed a double top on its 1-hour time frame. Price failed in its last two attempts to break past the .7700 major psychological...
Category: Daily Forex Reports
USD/JPY Forecast October 27, 2016, Technical Analysis
The USD/JPY pair rallied during the course of the session on Wednesday, but the 105 level below continues offer a significant amount of resistance. If we can break above the 105 level, the market could very well...
USD/CAD Forecast October 27, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Wednesday, but turned around to form a bit of a hammer. This is the third day in a row that we have seen a hammer,...
GBP/USD Forecast October 27, 2016, Technical Analysis
The GBP/USD pair rallied slightly during the day on Wednesday, as we continue to try to form some type of base in this area. Ultimately though, I believe that any rally will be sold off sooner or...
EUR/USD Forecast October 27, 2016, Technical Analysis
The EUR/USD pair rallied rather significantly during the day on Wednesday, touching the 1.0950 region. However, we gave up a lot of this gains in order to form a shooting star like candle, and that of course...
AUD/USD Forecast October 27, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the day on Wednesday but turned around to form a massive shooting star. While this is typically a negative sign, the reality is that the lows...
EURJPY Inverse Head and Shoulders (Oct 27, 2016)
EURJPY could be in for a reversal from its selloff, as the pair formed an inverse head and shoulders pattern on its 1-hour time frame. Price already broke past the neckline at the 114.00 major psychological mark...
USD/JPY Forecast October 26, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but found the 105 level above to be far too resistive to continue going higher. Because of this, we pulled back to...
USD/CAD Forecast October 26, 2016, Technical Analysis
The USD/CAD pair went back and forth during the day on Tuesday, as we continue to see quite a bit of volatility in this market. We recently had a nice move higher, and I believe at this...
GBP/USD Forecast October 26, 2016, Technical Analysis
The GBP/USD pair fell during the day on Tuesday, but bounced enough to form a bit of a hammer. It makes a lot of sense that we would see it here, because the 1.20 level is still...