USD/JPY Forecast January 26, 2016, Technical Analysis
The USD/JPY pair initially fell during the day on Monday, but found enough support below the 118.50 level to form a bit of a hammer. The hammer of course is a very bullish sign, and a break...
Category: Daily Forex Reports
USD/CAD Forecast January 26, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Monday, as the markets are starting to show signs of continuing the longer-term uptrend. The 1.45 level above will be targeted, and as...
GBP/USD Forecast January 26, 2016, Technical Analysis
The GBP/USD pair fell during the day on Monday, forming a slightly bearish candle. However, we have a longer-term downtrend anyway, so quite frankly we believe that this market will continue to fall. A break down below...
EUR/USD Forecast January 26, 2016, Technical Analysis
The EUR/USD pair rose a bit during the course of the day on Monday, as the 1.08 level continues offer support. We believe that ultimately this market will probably try to go higher but it will simply...
AUD/USD Forecast January 26, 2016, Technical Analysis
The AUD/USD pair fell slightly during the course of the day on Monday as we continue to see a lot of interest in the market at the 0.70 level. This area also features the 38.2% Fibonacci retracement...
EURAUD Reversal Pattern Forming (Jan 26, 2016)
EURAUD might be done with its recent rallies, as a reversal pattern seems to be forming on its 4-hour time frame. Price is in the middle of completing a head and shoulders formation but has yet to...
AUDUSD Retracement Levels (Jan 25, 2016)
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction. Using the...
USD/JPY Forecast January 25, 2016, Technical Analysis
The USD/JPY pair broke higher during the day on Friday, clearing the 118.50 level. In fact, we went above there and closed at the very top of the range which of course is a very bullish sign....
USD/CAD Forecast January 25, 2016, Technical Analysis
The USD/JPY pair fell significantly during the course of the session on Friday, as we continue to see bearishness in this market. However, the longer-term trend is most certainly positive, and even though oil markets have rallied,...
GBP/USD Forecast January 25, 2016, Technical Analysis
The GBP/USD pair rallied during the session on Friday, but did struggle little bit towards the end of the day in order to form a somewhat exhaustive candle. This exhaustive candle suggests that perhaps we could pullback...