EUR/USD Forecast February 23, 2016, Technical Analysis
The EUR/USD pair broke down below the 1.1050 level, but could not break down below the 1.10 handle. That level is will we need to see in order to start selling, so if we can get below...
Category: Daily Forex Reports
AUD/USD Forecast February 23, 2016, Technical Analysis
The AUD/USD pair rose higher during the course of the session on Monday, testing the bottom of the uptrend line that had recently been so supportive. Ultimately, we want to see an exhaustive candle so we can...
USDCAD Descending Triangle (Feb 22, 2016)
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once...
USD/JPY Forecast February 22, 2016, Technical Analysis
The USD/JPY pair went back and forth on Friday, showing quite a bit of reluctance to make any real move. Ultimately, this is a market that should continue to go lower, but we also recognize that a...
USD/CAD Forecast February 22, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Friday but turned back around in order to form a shooting star. Because of this, it does not look like market is ready...
GBP/USD Forecast February 22, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Friday but found enough support near the 1.4250 level to turn things around and form a bit of a hammer. At this point in time, it looks like...
EUR/USD Forecast February 22, 2016, Technical Analysis
The EUR/USD pair initially fell during the day on Friday, but bounced in order to form a hammer. This happened on Thursday as well, and right at the 1.1050 level where we would anticipate seeing quite a...
AUD/USD Forecast February 22, 2016, Technical Analysis
The AUD/USD pair initially fell on Friday, but turned back around to form a somewhat positive candle. However, there is quite a bit of resistance above and as a result we are not willing to start buying...
USD/JPY Forecast February 19, 2016, Technical Analysis
The USD/JPY pair fell slightly during the course of the day on Thursday, as we continue to see a bit of softness in this pair. However, there is a significant amount of support below so we do...
USD/CAD Forecast February 19, 2016, Technical Analysis
The USD/CAD pair rose during the course of the day on Thursday, bouncing off of the 1.3650 region in order to show signs of life. This is a market that sooner or later we expect the buyers...