USD/CAD Forecast April 25, 2016, Technical Analysis
The USD/CAD pair initially fell during the day on Friday, but turned back around to form a bit of a hammer. The hammer of course is a bullish sign, so if we can rally from here we...
Category: Daily Forex Reports
GBP/USD Forecast April 25, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, testing the top of the shooting star from the Thursday session. That being the case, the market looks as if there is quite a...
EUR/USD Forecast April 25, 2016, Technical Analysis
The EUR/USD pair fell significantly during the day on Friday, after initially forming a shooting star from Thursday. That being the case, we broke down below the 1.1250 level, which had previously been support. With this, looks...
AUD/USD Forecast April 25, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Friday, but turned back around to form a slightly negative candle. The 0.77 level offered a bit of support, and it now looks as if we...
USD/JPY Forecast April 22, 2016, Technical Analysis
The USD/JPY pair fell slightly during the course of the day on Thursday, as the 110 level offered enough resistance to turn the market back around a bit. Ultimately, this is a market that should continue to...
USD/CAD Forecast April 22, 2016, Technical Analysis
The USD/CAD pair rose during the course of the session on Thursday, as we finally got a bit of a bounce. However, there is a massive amount of resistance above so it’s very likely that we will...
GBP/USD Forecast April 22, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Thursday, but turned back around and ended up forming a bit of a shooting star. That being the case, the market should continue...
EUR/USD Forecast April 22, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a massive shooting star. Having said that, there is a lot of support just below...
AUD/USD Forecast April 22, 2016, Technical Analysis
The AUD/USD pair fell during the course of the day on Thursday, as the 0.78 level offered enough resistance to turn the market back around. Ultimately though, there is quite a bit of support just below so...
AUDUSD Countertrend Setup (Apr 22, 2016)
AUDUSD has been trending higher and moving inside an ascending channel on its 4-hour time frame. However, price is currently testing the resistance around the .7900 major psychological level and might be due for a test of...