EURUSD Long-Term Range (June 10, 2016)
EURUSD has been trending higher recently but looking at the longer-term time frames shows that the pair is actually hitting the top of its range. On its daily chart, it can be seen that the pair has...
Category: Daily Forex Reports
USD/JPY Forecast June 9, 2016, Technical Analysis
The USD/JPY pair fell a bit during the day on Wednesday, but did bounce before was all said and done. Because of this, looks like we are ready to consolidate at this point in time. We have...
USD/CAD Forecast June 9, 2016, Technical Analysis
The USD/CAD pair fell rather drastically during the day on Wednesday as oil markets broke out finally. Because of this, the US dollar should continue to fall against the Canadian dollar, as we reach towards the 1.25...
GBP/USD Forecast June 9, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Wednesday but turn right back around to form a shooting star. The shooting star as you can see sits just above the 1.45 level, so I...
EUR/USD Forecast June 9, 2016, Technical Analysis
The EUR/USD pair rose during the day on Wednesday, breaking above the 1.14 level. This is a good sign, as it appears that the Euro will try to reach towards the 1.15 level again. We believe that...
AUD/USD Forecast June 9, 2016, Technical Analysis
The AUD/USD pair broke higher during the course of the day on Wednesday, as we continue to see bullish pressure on the Australian dollar itself. Gold markets had a very good day, so that should transfer into...
GBPUSD Triangle Pattern (June 09, 2016)
GBPUSD has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price has just bounced off the top of the triangle and might be ready for a test of support. ...
USD/JPY Forecast June 8, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the day on Tuesday but turned around form a shooting star. This of course is a negative sign, and we have recently had a bit of a meltdown in...
USD/CAD Forecast June 8, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Tuesday, but bounced enough to form a bit of a hammer. The hammer been broken to the upside would be a bullish sign and we...
GBP/USD Forecast June 8, 2016, Technical Analysis
The GBP/USD pair rallied during the day on Tuesday, but gave up about half of the gains. With this being the case, the market looks like it is going to continue to be volatile and you have...