USD/CAD Forecast April 6, 2016, Technical Analysis
The USD/CAD pair rose during the course of the day on Tuesday, but pullback a little bit to get some of the gains bank. Ultimately though, it does look like that we are trying to break out...
Category: Daily Forex Reports
GBP/USD Forecast April 6, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, as we continue to bang around in a consolidation area in this market. Ultimately this is a market that seems like it is going to...
EUR/USD Forecast April 6, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer. That hammer suggests that we are going to try to go higher...
AUD/USD Forecast April 6, 2016, Technical Analysis
AUD/USD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle. The 0.75 handle has support all the way to the 0.74 level below it, so...
AUDNZD Retracement Opportunity (Apr 06, 2016)
AUDNZD broke past the resistance around the 1.1000 major psychological level last month then zoomed up to the 1.1300 levels before showing signs of a pullback. Applying the Fib tool on the latest swing high and low...
USD/JPY Forecast April 5, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the day on Monday but turned back around to form a bit of a shooting star. However, we do have a significant amount of support just...
USD/CAD Forecast April 5, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the session on Monday, as we continue to bounce upon the 1.30 level. We have a massive uptrend line just below though, so with that it’s...
GBP/USD Forecast April 5, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Monday, as we gained some of the losses from the Friday session. This is a market that continues to grind sideways overall, with...
EUR/USD Forecast April 5, 2016, Technical Analysis
The EUR/USD pair initially fell during Monday, but found a bit of support below to bounce and form a hammer. The hammer of course is a bullish sign, and with this we look at this pair as...
AUD/USD Forecast April 5, 2016, Technical Analysis
The AUD/USD pair fell slightly during the day on Monday, but essentially did nothing. Keep in mind that we have an interest rate decision coming out of the Reserve Bank of Australia today, and that of course...