USD/CAD Forecast February 3, 2016, Technical Analysis
The USD/CAD pair tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. That being the case, the market looks as if it is...
Category: Daily Forex Reports
GBP/USD Forecast February 3, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Tuesday, but turned back around to form a bit of a hammer. The hammer is suggesting that the market is going to try to reach above the 1.45...
EUR/USD Forecast February 3, 2016, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Tuesday, as we struggled above the 1.09 region. Because of this, looks like we may pullback and continue the overall consolidation that we’ve...
AUD/USD Forecast February 3, 2016, Technical Analysis
The AUD/USD pair fell during the day on Tuesday, as it looks like we are starting to roll over a little bit. Because of this, we are sellers on a break down below the bottom of the...
EURUSD Potential Breakout (Feb 3, 2016)
EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame. Price is currently testing the top of the pattern, which might continue to hold as...
EURGBP Descending Triangle (Feb 2, 2016)
EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame. Price appears to be bouncing off support at the .7550 minor psychological mark and...
GBPUSD Trend Line Pullback (Feb 01, 2016)
GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame. This suggests that the pair might be in for a downtrend, although a pullback to the broken...
USD/JPY Forecast February 1, 2016, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Friday as we continue to see quite a bit of volatility due to the fact that the Bank of Japan is suggesting that quantitative easing...
USD/CAD Forecast February 1, 2016, Technical Analysis
The USD/CAD pair tried to rally, but failed on Friday. However, we think that sooner or later there will be buyers as this area is so strong in support. Oil has been going higher on a shot-term...
GBP/ USD Forecast February 1, 2016, Technical Analysis
The GBP/USD pair fell during the course of the session on Friday, but found a little bit of support below the 1.42 handle. With this being said, the market looks as if it is trying to grind...