GBP/USD Forecast May 16, 2016, Technical Analysis
The GBP/USD pair broke down during the course of the session on Friday, clearing quite a bit of support. However, it looks as if we should continue to go lower than that as well, so with that...
Category: Daily Forex Reports
EUR/USD Forecast May 16, 2016, Technical Analysis
The EUR/USD pair fell during the course of the session on Friday, dropping down to the 1.13 handle. However, there is quite a bit of bearish pressure and therefore we feel that we will probably reach down...
AUD/USD Forecast May 16, 2016, Technical Analysis
AUD/USD pair broke down during the day on Friday, clearing the 0.73 level to the downside. By doing so, it looks as if we can break down from here but it is going to be a grind...
USD/JPY Forecast May 13, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of Thursday, but we continue to find a little bit of trouble just below the 110 barrier. This is an area where anticipate that there should be...
USD/CAD Forecast May 13, 2016, Technical Analysis
The USD/CAD pair fell during the day on Thursday, as we continue to see weakness in this market. This of course is exacerbated by the oil markets rising, and the fact that the 1.30 psychologically significant level...
GBP/USD Forecast May 13, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday but then turn right back around a break above the 1.45 level again. With this being the case, looks as if the British pound is going to...
EUR/USD Forecast May 13, 2016, Technical Analysis
The EUR/USD pair fell initially on Thursday, but found support just below the 1.14 level yet again. Ultimately, this market does look like it is going to go higher and try to reach towards the 1.15 handle,...
AUD/USD Forecast May 13, 2016, Technical Analysis
The AUD/USD pair drove down to the 0.73 level during the day on Thursday, but bounced enough to form a bit of a hammer. This hammer of course is a bullish sign and if we can break...
EURJPY Descending Triangle (May 13, 2016)
EURJPY has formed lower highs and found support at 122.25, creating a descending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance, still deciding whether to make a bounce or a break. ...
USD/JPY Forecast May 12, 2016, Technical Analysis
The USD/JPY pair fell initially during the course of the session on Wednesday, but at the end of the day will we are really looking at is the fact that we are starting to dig into significant...