EURGBP Channel Retest (Sep 12, 2016)
EURGBP recently broke below its ascending channel support visible on the 4-hour time frame then dipped to a low of .8335. From there, price showed signs of a pullback and applying the Fib tool on the latest...
Category: Daily Forex Reports
USD/JPY Forecast September 12, 2016, Technical Analysis
The USD/JPY pair had a slightly positive session on Friday, as we continue to grind to the upside. With this being the case, it’s very likely that the market will try to reach towards the 104 level,...
USD/CAD Forecast September 12, 2016, Technical Analysis
The US dollar rose against the Canadian dollar during the course of the day on Friday, breaking above the 1.30 level. If we can break above the top of the candle during the day, it shows quite...
GBP/USD Forecast September 12, 2016, Technical Analysis
GBP/USD markets initially tried to rally during the course of the day on Friday, but turned gray back around to form a slightly negative candle. However, when I think more important is the fact that we formed...
EUR/USD Forecast September 12, 2016, Technical Analysis
The EUR/USD pair fell during the course of the day on Friday, testing the 1.12 level. I believe that given enough time we will probably continue to bang around in the recent consolidation area, so this point...
AUD/USD Forecast September 12, 2016, Technical Analysis
The AUD/USD pair fell rather rapidly during the course of the session on Friday, but as you can see there are a lot of support at various just below, so having said that I think that we...
USD/JPY Forecast September 9, 2016, Technical Analysis
The USD/JPY pair initially fell during the day on Thursday but turn right back around to form a fairly bullish candle. That being the case, the market looks as if it is trying to rise from here,...
USD/CAD Forecast September 9, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Thursday, forming a relatively neutral candle. This is a market that I think will continue to be very choppy, but we do have...
GBP/USD Forecast September 9, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Thursday but turned right back around to form a relatively negative candle. It looks as if the British pound is going to continue selling off in,...
EUR/USD Forecast September 9, 2016, Technical Analysis
The EUR/USD pair initially took off to the upside during the day on Thursday, but turned right back around below the 1.1350 level to form a shooting star. The shooting star is of course a very negative...