AUDJPY Pullback Setup (July 04, 2016)
AUDJPY recently broke below a long-term support area in its sharp dive to a low of 72.40 before pulling back up. Applying the Fib tool on the latest swing high and low shows that this former support...
Category: Daily Forex Reports
USD/JPY Forecast July 1, 2016, Technical Analysis
The USD/JPY pair initially fell during the day on Thursday, but turned back around to form a bit of a hammer. If we break above the top of the hammer, the market more than likely will try...
USD/CAD Forecast July 1, 2016, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Thursday, slicing through the 1.30 level. However, we have been consolidating in general, and as a result I think it can be difficult to trade...
GBP/USD Forecast July 1, 2016, Technical Analysis
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in...
EUR/USD Forecast July 1, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day. The previous uptrend line acted as resistance, and now it appears that we...
AUD/USD Forecast July 1, 2016, Technical Analysis
The AUD/USD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer. Ultimately, I believe that the 0.75 level above is resistive as well, so with all the...
NZDJPY Pullback to Broken Support (July 01, 2016)
NZDJPY has been edging higher recently, pulling up from its sharp dive. Using the Fib tool on the latest swing high and low on the daily time frame shows that price is currently testing the 50% retracement...
USDCAD Symmetrical Triangle (June 30, 2016)
USDCAD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its daily time frame. Price is just coming off a test of the triangle resistance and looks ready to make a test of...
USD/JPY Forecast June 29, 2016, Technical Analysis
The USD/JPY pair rose during the day on Tuesday, as there was more of a “risk on” type of move in the financial markets. However, there is still one out there that could move the markets in...
USD/CAD Forecast June 29, 2016, Technical Analysis
The USD/CAD pair initially fell during the day in a bit of a “risk on” type of move. However, the 1.30 level has offered enough support to turn the market back around and form a bit of...