USD/JPY Forecast September 8, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Wednesday, but bounced off of the 101.50 level to form a bit of a hammer. The hammer of course is a bullish sign, and a...
Category: Daily Forex Reports
USD/CAD Forecast September 8, 2016, Technical Analysis
The USD/CAD pair bounced during the course of the day on Wednesday, showing little bits of life, but at this point in time this is most certainly a very negative market overall, as the 1.30 level above...
GBP/USD Forecast September 8, 2016, Technical Analysis
The GBP/USD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above. This of course is an area that has caused quite...
EUR/USD Forecast September 8, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star. The shooting star of course is a negative sign and could...
AUD/USD Forecast September 8, 2016, Technical Analysis
The Australian dollar had a very neutral candle as we continue to hover around the 0.7650 level. Having said that, I think that pullbacks will eventually bring back buyers, on signs of support. A break above the...
EURAUD Inverse Head and Shoulders (Sep 08, 2016)
EURAUD failed to break past its double bottom neckline the other week but it still seems to be forming another reversal pattern on the 4-hour time frame. Price is still in the middle of completing its right...
USD/JPY Forecast September 7, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a rather negative candle. Ultimately, this is a market that should continue to grind all...
USD/CAD Forecast September 7, 2016, Technical Analysis
The USD/CAD pair continues to fall, as we see quite a bit of pressure on the us dollar in this pair. However, keep in mind that the Bank of Japan has an interest rate announcement coming out,...
GBP/USD Forecast September 7, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so...
EUR/USD Forecast September 7, 2016, Technical Analysis
The EUR/USD pair had a very strong session on Tuesday, slicing through the 1.12 level during the day. This of course signifies that we are heading back into the previous consolidation area, and it should reach towards...