USD/JPY Forecast August 2, 2016, Technical Analysis
The USD/JPY pair did nothing during the day on Monday, as we continue to hover just above the 102 level. With this being the case I think that the market will continue to try to find support...
Category: Daily Forex Reports
USD/CAD Forecast August 2, 2016, Technical Analysis
The USD/CAD pair initially tried to fall during the course of the session on Monday, but then turned right back around to form a very bullish candle. With this being the case, we can break above the...
GBP/USD Forecast August 2, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Monday, showing signs of confusion. With this being the case, the market looks as if it is going to continue to consolidate sideways,...
EUR/USD Forecast August 2, 2016, Technical Analysis
The EUR/USD pair went back and forth during the course of the session on Monday, testing the 1.12 level for resistance. This being the case, it’s likely that we will find sellers, but at this point in...
AUD/USD Forecast August 2, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the session on Monday, but turn right back around to form a bit of a shooting star. However, we have an interest rate decision coming out...
EURJPY Channel Pullback (Aug 02, 2016)
EURJPY has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price seems to be finding support at the bottom of the channel and could be due for another test of resistance....
USD/CAD Forecast August 1, 2016, Technical Analysis
The USD/CAD pair fell significantly during the course of the session on Friday, slamming into the 1.30 level. However, I can make an argument for a decent uptrend line just below, and of course oil markets or...
GBP/USD Forecast August 1, 2016, Technical Analysis
The GBP/USD pair rose slightly during the course of the session on Friday, as we continue to go back and forth overall. With this being the case, the market is likely to chop around but I do...
USD/JPY Forecast August 1, 2016, Technical Analysis
The USD/JPY pair broke down during the day on Friday, slicing through the bottom of the hammer from Thursday. Because of this, the market looks as if it is going to try to reach down to the...
EUR/USD Forecast August 1, 2016, Technical Analysis
The EUR/USD pair broke higher during the course of the session on Friday, crashing into the 1.12 level. There is an uptrend line just above though, and I have seen quite a bit of resistance at the...