EUR/USD Forecast October 13, 2016, Technical Analysis
The EUR/USD pair fell again during the day on Wednesday, testing the 1.10 level which has been my target for a few sessions now. With that being the case, I think that a bounce is likely to...
Category: Daily Forex Reports
EURJPY Descending Channel (Oct 13, 2016)
EURJPY is trending lower on its 4-hour time frame, moving inside a descending channel formation. Price is currently testing the resistance around 116.00 and might be due for a selloff back to support at the 111.00 major...
USD/JPY Forecast October 12, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the day on Tuesday, but turned back around and form a bit of a shooting star. Ultimately I believe that there is plenty of support below...
USD/CAD Forecast October 12, 2016, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Tuesday, breaking above the 1.32 level again. Ultimately, I feel that this market is going to continue to trade to grind higher, and with that...
GBP/USD Forecast October 12, 2016, Technical Analysis
The GBP/USD pair fell significantly during the day on Tuesday, as we continue to reach towards the 1.20 level. The initial flash crash support should give way given enough time though, so any type of rally at...
EUR/USD Forecast October 12, 2016, Technical Analysis
The EUR/USD pair broke down significantly during the course of the session on Tuesday, slicing through the bottom of the support at the 1.11 level and now looks like it’s ready to reach towards the 1.10 level...
AUD/USD Forecast October 12, 2016, Technical Analysis
The AUD/USD pair broke down below the bottom of the shooting star from the Monday session during the Tuesday trading hours. It looks as if we are going to reach down to the 0.75 level below, and...
EURAUD Range Support (Oct 12, 2016)
EURAUD has been selling off recently but could be due for a bounce as price is nearing the bottom of the range on its 1-hour time frame. If the bottom of the range at the 1.4550 minor...
USD/JPY Forecast October 11, 2016, Technical Analysis
The USD/JPY pair initially fell during the day on Monday, but then turned around to reach towards the 103.75 region. I do believe that eventually we will continue to go higher, and perhaps reach towards the 105...
USD/CAD Forecast October 11, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Monday, but then fell rather significantly as Vladimir Putin suggested that Russia may cut back production of petroleum going forward to help OPEC. However, we still...