GBPJPY Long-Term Reversal (Sep 05, 2016)
GBPJPY could be due for a long-term reversal, as price formed a double bottom pattern on its 4-hour chart. The pair failed in its last two attempts to break below the 129.00 area and is on its...
Category: Daily Forex Reports
USD/JPY Forecast September 5, 2016, Technical Analysis
The US dollar initially fell against the Japanese yen but then turn right back around to form a fairly strong green candle. What’s most impressive about the candle is that we broke above the top of the...
USD/CAD Forecast September 5, 2016, Technical Analysis
The USD/CAD pair broke down during the course of the day on Friday, after we got a less than anticipated jobs number. I had suggested during the video yesterday that if we broke down below the bottom...
GBP/USD Forecast September 5, 2016, Technical Analysis
The British pound initially tried to rally during the day on Friday, but turn right back around and form a shooting star. The shooting star is roughly where I wanted to see signs of exhaustion to start...
EUR/USD Forecast September 5, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session here on Friday, but turn right back around to form a bit of a shooting star I find this interesting due to the fact...
AUD/USD Forecast September 5, 2016, Technical Analysis
The Australian dollar initially rallied during the course of the day on Friday, but turned right back around to form a bit of a shooting star. This suggests that we may drop from here but I also...
USD/JPY Forecast September 2, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star. Because of this, if we break down below the bottom of the...
USD/CAD Forecast September 2, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turn right back around to form a shooting star yet again. We had done the same thing on Wednesday, so looks...
GBP/USD Forecast September 2, 2016, Technical Analysis
The GBP/USD pair rallied during the course of the session on Thursday, but we are still well within the consolidation area. Quite frankly, I would expect to see some type of exhaustive candle just above in order...
EUR/USD Forecast September 2, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle. Because of this, the market looks as if it is trying to break...