EUR/USD Forecast April 1, 2016, Technical Analysis
The EUR/USD pair rose during the course of the day on Thursday, breaking above the top of the shooting star from the Wednesday session. On top of that, we are well above the 1.13 level, so we...
Category: Daily Forex Reports
AUD/USD Forecast April 1, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star. With that being the case, the market looks as if it will...
EURGBP Ascending Triangle (Apr 1, 2016)
EURGBP has formed higher lows and found resistance at the .7900 area, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the triangle resistance at the moment and an upside breakout seems...
EUR/USD Forecast March 31, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day but found enough resistance above the 1.13 level to turn things around and form a shooting star the shooting star of course is a...
AUD/USD Forecast March 31, 2016, Technical Analysis
The AUD/USD pair initially rose during the course of the day on Wednesday, but turn right back around to form a bit of a shooting star. The shooting star of course is near the top of the...
EURJPY Downtrend Retracement (Mar 31, 2016)
EURJPY has been on a long-term downtrend, moving below a descending trend line on its daily time frame. Price looks ready for another test of the resistance area, which is around the Fib levels based on the...
USD/JPY Forecast March 30, 2016, Technical Analysis
The USD/JPY pair fell hard during the course of the session on Tuesday, but remains well within the consolidation area that we have seen. However, we cannot help but notice that this has made the Monday candle...
USD/CAD Forecast March 30, 2016, Technical Analysis
The USD/CAD pair fell during the course of the session on Tuesday, as we race back down to the 1.3 level below. There is an uptrend line just below, as it has kept this market afloat in...
GBP/USD Forecast March 30, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Tuesday, but turned around to break to the 1.44 level. At this point in time, the 1.45 level is massively resistive, so we need to break above there...
EUR/USD Forecast March 30, 2016, Technical Analysis
The EUR/USD pair initially fell during the day on Tuesday, but found enough support below to turn things around and skyrocket higher. We broke above the 1.1250 level, and it now looks like we are going to...