GBP/USD Forecast April 14, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Wednesday, showing that we are starting to roll over a little bit in this pair as we continue to make lower highs. With this being the...
Category: Daily Forex Reports
EUR/USD Forecast April 14, 2016, Technical Analysis
The EUR/USD pair fell rather hard during the course of the day on Wednesday, breaking below the 1.13 level. With this, looks as if the market will probably continue to try to grind lower for the short-term,...
AUD/USD Forecast April 14, 2016, Technical Analysis
The AUD/USD pair fell slightly during the course of the day on Wednesday, but at this point in time it looks like we continue to grind higher over the longer term. Any pullback at this point in...
GBPNZD Downtrend Pullback (Apr 14, 2016)
GBPNZD has been trending lower on its 1-hour time frame, with a descending trend line connecting the latest highs of price action. The pair bounced off the 2.1000 major psychological mark and might be due for a...
USDCAD Countertrend Setup (Apr 13, 2016)
USDCAD has been trending lower, moving inside a descending channel pattern on its 4-hour time frame. Price is now making its way close to the channel support near the 1.2700-1.2750 and might be due for a bounce. ...
USD/JPY Forecast April 12, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Monday, but we turn right back around to form a bit of a shooting star. This suggests that we are going to go...
USD/CAD Forecast April 12, 2016, Technical Analysis
The USD/CAD pair broke down during the course of the day on Monday, clearing the bottom of the trend line that had been keeping this market somewhat afloat. Having said this, we have not made a fresh,...
GBP/USD Forecast April 12, 2016, Technical Analysis
The GBP/USD pair rose during the course of the session on Monday, showing quite a bit of strength. Ultimately, this is a market that has been consolidating between the 1.40 level on the bottom, and the 1.45...
EUR/USD Forecast April 12, 2016, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Monday, showing quite a bit of confusion at the 1.14 handle which of course is the beginning of massive resistance. It extends all...
AUD/USD Forecast April 12, 2016, Technical Analysis
The AUD/USD pair initially tried to pull back during the course of the session on Monday but then ended up rallying. This is a market that continues to consolidate between the 0.75 level, and the 0.77 level,...