USD/JPY Forecast October 7, 2016, Technical Analysis
The USD/JPY pair rose again during the course of the session on Thursday, and as a result it should go looking for the 105 level. Keep in mind that the market is very sensitive to the jobs...
Category: Daily Forex Reports
USD/CAD Forecast October 7, 2016, Technical Analysis
The USD/CAD pair initially rallied during the course of the session on Thursday, but turned around to form a bit of a shooting star. The shooting star is preceded by a shooting star on the previous day...
GBP/USD Forecast October 7, 2016, Technical Analysis
The GBP/USD pair broke down during the course of the session on Thursday, slicing through the bottom of the hammer on Wednesday. That being the case, it looks as if the market drives down to the 1.25...
EUR/USD Forecast October 7, 2016, Technical Analysis
The EUR/USD pair fell rather significantly, and as a result we slammed into the 1.1150 level. A break down below the 1.11 handle would be reason enough to expect this market to drift down to the 1.10...
AUD/USD Forecast October 7, 2016, Technical Analysis
The AUD/USD pair broke down during the course of the day on Thursday, showing real signs of weakness. Because of this, I think we will more than likely continue to grind a little bit lower, reaching towards...
USDJPY Triangle Pullback (Oct 07, 2016)
USDJPY recently broke outside its descending triangle pattern visible on the 4-hour time frame. Price found resistance around the 104.00 handle and might be ready for a pullback to the broken triangle resistance at the 101.50 minor...
GBPAUD Countertrend Setup (Oct 06, 2016)
GBPAUD has been selling off but is currently finding support at the bottom of its descending channel on the 4-hour time frame. The 1.6700 handle seems to be keeping losses in check and if it continues to...
USD/JPY Forecast October 6, 2016, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Wednesday, as we have broken above the 103 level. Ultimately, I think the market could very well try to reach towards the 105 handle and...
USD/CAD Forecast October 6, 2016, Technical Analysis
The USD/CAD pair initially rallied during the course of the session on Wednesday, but turned around and found the 1.32 level be far too resistive. By doing so, we did up forming a negative candle, and if...
GBP/USD Forecast October 6, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Wednesday, but ultimately formed a hammer. With this, I feel that the market is probably going to break out to the upside and...