EUR/USD Forecast March 14, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Friday, turning back around to form a bit of a hammer. The hammer of course is a very bullish candle, so if we can break...
Category: Daily Forex Reports
AUD/USD Forecast March 14, 2016, Technical Analysis
The Australian dollar has broken out. We are clearly above the 0.75 level, as we closed almost all the way to the 0.76 level during the day on Friday. More and poorly, we broke above the top...
USD/JPY Forecast March 11, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the day on Thursday, but turn right back around to form a fairly negative candle. At the end of the day though, we are still well within the tolerance...
USD/CAD Forecast March 11, 2016, Technical Analysis
The USD/CAD pair went back and forth during the day on Thursday, as we continue to try to find some type of support in order to rally again. With this being the case, it’s likely that the...
GBP/USD Forecast March 11, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the day on Thursday, but found enough support near the 1.41 level to turn things back around and break up to the 1.43 handle. If we can break...
EUR/USD Forecast March 11, 2016, Technical Analysis
The EUR/USD pair had an absolute ridiculous session during the day on Thursday, as we initially fell all the way down to the 1.08 level, and then turning right back around to break out and above the...
AUD/USD Forecast March 11, 2016, Technical Analysis
The AUD/USD pair initially tried to break above the 0.75 level again, but struggled as we got up there and ended up turning back around. That being the case, we could not continue the move higher, and...
EURAUD Correction Setup (Mar 11, 2016)
EURAUD previously broke below a double top pattern, signaling that a downtrend was in order. Price dipped to the 1.4467 low soon after before showing signs of a pullback after the ECB press conference. Using the Fibonacci...
USD/JPY Forecast March 10, 2016, Technical Analysis
The USD/JPY pair initially fell during the day on Wednesday but turned back around to form a bit of a supportive candle as the 112 level continues offer support. Ultimately, the market should grind its way towards...
USD/CAD Forecast March 10, 2016, Technical Analysis
The USD/CAD pair broke down during the day on Wednesday, slicing through the bottom half of a hammer that could have turned the market completely around. We will have to see what happens with the oil next,...