EUR/USD Forecast February 8, 2016, Technical Analysis
The EUR/USD pair fell during the day on Friday, as the market had quite a bit of volatility. After all, the jobs number missed, but we still have quite a bit of support at the 1.1050 level...
Category: Daily Forex Reports
AUD/USD Forecast February 8, 2016, Technical Analysis
The AUD/USD pair broke down and below the bottom of the shooting star from the previous session on Friday. This is a very negative sign, and as a result it looks as if the market is ready...
USD/JPY Forecast February 5, 2016, Technical Analysis
The USD/JPY pair broke down during the session on Thursday, as we are starting to slice through the last vestiges of support. Quite frankly, there is a hammer from a couple of weeks back that if we...
USD/CAD Forecast February 5, 2016, Technical Analysis
The USD/CAD pair broke down during the course of the day on Thursday, dipping all the way down to roughly the 1.36 handle. Because of this, we look very negative at one point but by the end...
GBP/USD Forecast February 5, 2016, Technical Analysis
The GBP/USD pair had a volatile session on Thursday, but ultimately pull back a little bit to form a somewhat neutral candle. The momentum ran out, but that’s not a huge surprise considering that today is Nonfarm...
EUR/USD Forecast February 5, 2016, Technical Analysis
The EUR/USD pair broke higher during the course of the day on Thursday, as we have completely cleared the previous resistance barrier for the consolidation area. With that being the case, the market looks as if it...
AUD/USD Forecast February 5, 2016, Technical Analysis
The AUD/USD pair rallied during the session on Thursday but pullback enough to form a bit of a shooting star. The shooting star sits right at the 0.72 handle, and of course the previous uptrend. Because of...
USDCAD Long-Term Uptrend (Feb 5, 2016)
USDCAD has been selling off lately but it is closing in on the rising trend line visible on the daily time frame. Price could make a test of the 1.3500-1.3600 support area, which is in line with...
EURGBP Range Retracement (Feb 4, 2016)
EURGBP recently broke to the upside of its long-term range pattern visible on the daily time frame then zoomed up to the .7750 minor psychological level before showing signs of a pullback. Using the Fib tool on...
USD/JPY Forecast February 3, 2016, Technical Analysis
The USD/JPY pair fell significantly during the course of the session on Tuesday, as it appears we are trying to find significant support below. There is quite a bit of support at the 118.50 level, but quite...