AUD/USD Forecast July 22, 2016, Technical Analysis
The AUD/USD pair initially rallied during the day on Thursday but turned back around to give up about half of the gains. Because of this, the market looks as if it is trying to break down but...
Category: Daily Forex Reports
USDCAD Countertrend Setup (July 22, 2016)
USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon. Price is making its way towards the top of the channel at the 1.3200 major psychological...
EURAUD Triangle Bounce (July 21, 2016)
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame. Price appears to be bouncing off the support zone and could carry on...
USD/JPY Forecast July 21, 2016, Technical Analysis
The USD/JPY pair initially tried to fall during the course of the day on Wednesday but turned right back around to form a bullish candle. With this, the market looks as if it is ready to continue...
USD/CAD Forecast July 21, 2016, Technical Analysis
The USD/CAD pair initially rose during the course of the day but ended up turning around to form a shooting star. This coincides nicely with the oil markets falling and then bouncing. With this, the market looks...
GBP/USD Forecast July 21, 2016, Technical Analysis
The GBP/USD pair bounced slightly during the course of the session on Wednesday, as we continue to grind back and forth. Ultimately though, this is a market that seems to be very soft so therefore it’s likely...
EUR/USD Forecast July 21, 2016, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Wednesday, testing the 1.10 level. This is an area that has been the bottom of the recent consolidation area, so it makes sense...
AUD/USD Forecast July 21, 2016, Technical Analysis
The AUD/USD pair fell initially during the course of the session on Wednesday, falling but finding a little bit of support just below. With this, the market continues to look a little bit soft, but at this...
EURAUD Triangle Bounce (July 21, 2016)
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame. Price appears to be bouncing off the support zone and could carry on...
USD/JPY Forecast July 20, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Tuesday, testing the 105 level as support. If we can break above the top of the neutral candle for the day on Tuesday,...