EUR/USD Forecast June 7, 2016, Technical Analysis
The EUR/USD pair did very little during the day on Monday, as we simply sat still. We are at the top of the candle from the Friday session, and as a result it looks as if there...
Category: Daily Forex Reports
AUD/USD Forecast June 7, 2016, Technical Analysis
The Australian dollar initially fell during the day on Monday, but did in doubt turning back around to form a bit of a hammer. By doing so, and more importantly bouncing off of the 0.73 level below,...
EURJPY Falling Wedge (June 07, 2016)
EURJPY has formed lower highs and lower lows, creating a falling wedge pattern on its 4-hour time frame. Price just bounced off support and could be due for a test of resistance soon. This resistance area lines...
GBPJPY Triangle Breakdown (June 06, 2016)
GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. This signals that the pair could be in for longer-term losses, possibly by around a thousand pips...
USD/JPY Forecast June 6, 2016, Technical Analysis
The USD/JPY pair fell significantly during the course of the day on Friday, breaking below the 106 level. We closed at the very bottom of the range and therefore I think that we should get continuation to...
USD/CAD Forecast June 6, 2016, Technical Analysis
The USD/CAD pair fell significantly during the course of the session on Friday, as the jobs number coming out of America was horrific. We ended up only adding 38,000 jobs during the month of May, and that...
GBP/USD Forecast June 6, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, breaking above the 1.45 handle. What’s most important to me is the fact that we formed a bit of a hammer during the course...
EUR/USD Forecast June 6, 2016, Technical Analysis
The EUR/USD pair broke higher during the course of the session on Friday, as we got a horrible jobs number coming out of the United States. That being the case, the US dollar fell rather significantly. With...
AUD/USD Forecast June 6, 2016, Technical Analysis
The AUD/USD pair broke out to the upside during the course of the day on Friday, clearing the 0.73 level. In fact, we got fairly close to the 0.74 level, and a move above there would be...
USD/JPY Forecast June 3, 2016, Technical Analysis
The USD/JPY pair fell significantly during the day on Thursday again, but there is still quite a bit of support at the 108.50 level, and as a result we did bounce a bit. Ultimately, this is a...