USD/JPY Forecast February 16, 2016, Technical Analysis
The USD/JPY pair rose during the course of the day on Monday, as we reach towards the 115 handle. This is an area where we anticipate quite a bit of resistance to show itself again, so we...
Category: Daily Forex Reports
USD/CAD Forecast February 16, 2016, Technical Analysis
The USD/CAD pair rallied a bit during the course of the session on Monday, but at this point in time it appears that we are simply not ready to go anywhere. If we can break above the...
GBP/USD Forecast February 16, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Monday, but we still remain above the 1.44 level at this point in time. That of course is a sign that we remain within consolidation, so...
EUR/USD Forecast February 16, 2016, Technical Analysis
The EUR/USD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are...
AUD/USD Forecast February 16, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to show a bit of a shooting star. With this, we believe that the Australian dollar will continue to bounce around...
EURAUD Rising Channel Bounce (Feb 16, 2016)
EURAUD has been trending higher these days and is moving inside a rising channel on its 4-hour time frame. Price is currently testing the bottom of the channel, which might hold as support and trigger a bounce...
USDJPY Downtrend Setup (Feb 15, 2016)
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame. Price looks ready to test this falling resistance area once more, as this lines up with...
USD/JPY Forecast February 15, 2016, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Friday, turning back around to form a hammer. The hammer for the Friday session is preceded by a hammer for the Thursday session. Because of...
USD/CAD Forecast February 15, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Friday but the 1.40 level above is proving itself to be massively resistive. That being the case, we think that we will pullback...
GBP/USD Forecast February 15, 2016, Technical Analysis
The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45 level. The weekly candle of course is a...