USD/CAD Forecast May 25, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. We have an interest rate decision coming out of the Bank of...
Category: Daily Forex Reports
GBP/USD Forecast May 25, 2016, Technical Analysis
The GBP/USD pair broke higher during the day on Tuesday as the 1.45 level has now offered quite a bit of support. In fact, we went much higher and we believe that the market will probably try...
EUR/USD Forecast May 25, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level. This signifies that the EUR/USD pair will more than likely try to...
AUD/USD Forecast May 25, 2016, Technical Analysis
The AUD/USD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer. The hammer of course is a bullish sign, so we can...
USDCAD Short-Term Pullback (May 25, 2016)
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150...
USD/JPY Forecast May 24, 2016, Technical Analysis
The USD/JPY pair fell during the day on Monday, as the 110 level has proven to be a bit too resistive. Because of this, it shows that we are going to struggle to get above there. However,...
USD/CAD Forecast May 24, 2016, Technical Analysis
The USD/CAD pair did very little during the course of the day on Monday, as we continue to meander around the 1.31 handle. Quite frankly, it looks a little bit exhausted, so we could very well pullback....
GBP/USD Forecast May 24, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Monday, testing the 1.45 level in a couple of different directions. Ultimately, we will trade in the same direction that we break out...
EUR/USD Forecast May 24, 2016, Technical Analysis
The EUR/USD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle. The area just below the 1.12 level is massively supportive, and as a result it makes sense...
AUD/USD Forecast May 24, Technical Analysis
The AUD/USD pair went back and forth on Monday, as we continue to struggle with the 0.73 level. Any rally at this point in time should have to deal with quite a bit of resistance, going all...