USD/JPY Forecast February 24, 2016, Technical Analysis
The USD/JPY pair fell during the day but found a little bit of support during the session in order to show that the 112 level has some bearing on the market. If we can break down below...
Category: Daily Forex Reports
USD/CAD Forecast February 24, 2016, Technical Analysis
The USD/CAD pair tried to rally during the course of the session on Tuesday, but turned right back around to form a somewhat negative candle. Because of this, the market should continue to chop around back and...
GBP/USD Forecast February 24, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.40 level below. Once we get below there though, the market should continue to go even lower. Rallies at this point in time...
EUR/USD Forecast February 24, 2016, Technical Analysis
The EUR/USD pair fell just a bit during the course of the session, testing the 1.10 level. If we can close below the level on the daily chart, we would be sellers as the market should then...
AUD/USD Forecast February 24, 2016, Technical Analysis
The AUD/USD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star. The shooting star is right at the previous uptrend line that should now...
EURAUD Channel Breakout (Feb 24, 2016)
EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows. However, price made a downside break of support recently, indicating that a reversal might take place....
NZDUSD Triangle Breakout (Feb 23, 2016)
NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart. Price recently broke past the triangle resistance and zoomed up to the .6725 level before...
USD/JPY Forecast February 23, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Monday, as we continue to hover around the 113 handle. This is a market that we are expecting to see quite a bit...
USD/CAD Forecast February 23, 2016, Technical Analysis
The USD/CAD pair fell initially during the course of the day on Monday, but found enough support near the 1.3650 level to turn things around and form a somewhat hammer like candle. Ultimately, we do think that...
GBP/USD Forecast February 23, 2016, Technical Analysis
The GBP/USD pair fell rather hard during the course of the day on Monday, killing very close to the 1.40 level. We did bounce though, so it’s very likely that we are going to get a little...