AUD/USD Forecast April 27, 2016, Technical Analysis
The AUD/USD pair tried to rally during the day on Tuesday, but failed to hang onto about half of the gains. This is a relatively weak looking candle, and with that being the case it looks as...
Category: Daily Forex Reports
NZDUSD Bullish Divergence (Apr 27, 2016)
NZDUSD has been trending higher and moving inside an ascending channel on its 4-hour chart. Price is currently bouncing off the channel support around the .6800 major psychological level and might be due for a climb to...
USD/JPY Forecast April 26, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Monday, but turned back around to form a hammer. The hammer of course is a very bullish sign, so it looks like we will continue...
USD/CAD Forecast April 26, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Monday, essentially forming a neutral candle. Because of this, the market looks as if it isn’t ready to do much, but at this...
GBP/USD Forecast April 26, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the session on Monday, but turned back around and reached above the 1.45 handle. The area above there is massively resistive, so having said that it appears that...
EUR/USD Forecast April 26, 2016, Technical Analysis
The EUR/USD pair rose during the course of the session on Monday, as we continue to see support just below. The 1.12 level has offered enough support to cause a bit of a bounce, and it should...
AUD/USD Forecast April 26, 2016, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Monday, as we simply continue to test support at the 0.77 level. With this being the case, the market should continue to go...
GBPJPY Reversal Signals (Apr 26, 2016)
GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal. In addition, a complex double bottom pattern has formed and...
USDJPY Uptrend Pullback (Apr 25, 2016)
USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place. However, price has encountered resistance near the 112.00 major psychological level...
USD/JPY Forecast April 25, 2016, Technical Analysis
The USD/JPY pair broke down during the course of the day on Friday, slicing through the 110 level, and of course the 111 level. Because of this, it looks as if the market is going to continue...