USD/JPY Forecast August 24, 2016, Technical Analysis
The USD/JPY pair struggled a bit during the course of the day but did find enough support at the 100 level to turn things back around and form a strong hammer. The hammer of course is a...
Category: Daily Forex Reports
USD/CAD Forecast August 24, 2016, Technical Analysis
The USD/CAD pair fell significantly during the day on Tuesday as the bullish inventory numbers came out of the United States supporting oil markets. By doing so, traders flooded into this market and pushed the value the...
GBP/USD Forecast August 24, 2016, Technical Analysis
The GBP/USD pair rose during the course of the day here on Tuesday, but still has quite a bit of resistance above that could come into play. That being the case, and exhaustive candle above will be...
EUR/USD Forecast August 24, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level. By doing so, it looks as if we are going to continue to be...
AUD/USD Forecast August 24, 2016, Technical Analysis
The AUD/USD pair initially tried to rally but we turn right back around to form a shooting star. The shooting star of course is a negative sign. A break down below the bottom of the shooting star...
EURGBP Pullback to Channel Support (Aug 24, 2016)
EURGBP has been moving in an ascending channel visible on its longer-term time frames and is just testing the resistance. Price seems to be making a correction from the uptrend at this point and applying the Fib...
USD/JPY Forecast August 23, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the day on Monday, but then turn right back around to reach towards the 100 level. The 100 level of course has a large, psychologically significant amount of weight...
USD/CAD Forecast August 23, 2016, Technical Analysis
The USD/CAD pair rose during the course the day on Monday, but started the fell a bit at the uptrend line that had recently been broken. I also recognize the 1.30 level above as being resistive as...
GBP/USD Forecast August 23, 2016, Technical Analysis
The British pound did rally a bit during the course of the day on Monday, using the 1.30 level as a support barrier. That being the case, looks as if sooner or later we should find sellers...
EUR/USD Forecast August 23, 2016, Technical Analysis
The EUR/USD pair initially fell during the day on Monday, but turned right back around and form a bit of a hammer. By doing so, looks as if we are trying to build up enough pressure to...