USD/JPY Forecast August 29, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Friday, but bounced off of the 100 level yet again. By doing so, we ended up forming a very bullish looking candle in a think...
Category: Daily Forex Reports
USD/CAD Forecast August 29, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again. I believe that this market is trying to build up enough momentum to finally break...
GBP/USD Forecast August 29, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we...
EUR/USD Forecast August 29, 2016, Technical Analysis
The EUR/USD pair continues to show weakness and lofty levels. I believe that this market is going to continue to consolidate between the 1.12 level, and the 1.1350 level on the top. At this point in time,...
AUD/USD Forecast August 29, 2016, Technical Analysis
The Australian dollar initially tried to rally during the course of the day on Friday, but turned right back around to form a very negative looking candle. We informed three shooting stars in a row on the...
AUDUSD Channel Breakdown (Aug 29, 2016)
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support,...
USD/JPY Forecast August 26, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Thursday, but turned right back around to form a bit of a hammer. Because of the 100 level below, I believe that it’s only a...
USD/CAD Forecast August 26, 2016, Technical Analysis
The USD/CAD pair initially fell during the day on Thursday but turned right back around to form a bit of a hammer. The hammer of course is a very strong sign, and as a result we may...
GBP/USD Forecast August 26, 2016, Technical Analysis
The GBP/USD pair fell slightly during the course of the session on Thursday, and as you can see the sellers have jumped back in to take advantage of value found in the US dollars this point in...
EUR/USD Forecast August 26, 2016, Technical Analysis
EUR/USD rose during the course of the day but did pullback a little bit towards the end. I believe that we are going to continue to try to go higher, but it’s going to be very choppy....