EUR/USD Forecast January 11, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Friday, testing the 1.08 level for support. However, we turned back around to form a bit of a hammer, and that of course is a...
Category: Daily Forex Reports
AUD/USD Forecast January 11, 2016, Technical Analysis
The AUD/USD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session. This suggests that we are going to continue to go lower, and as...
USD/JPY Forecast January 8, 2016, Technical Analysis
The USD/JPY pair fell during the session on Thursday, breaking well below the 118 level which we had previously suggested was massive support. The fact that we turned back around to form a hammer suggests that the...
USD/CAD Forecast January 8, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the session on Thursday, but turned back around just below the 1.42 level. That of course is a round number, and that of course will attract...
GBP/USD Forecast January 8, 2016, Technical Analysis
The GBP/USD pair fell during the day on Thursday, testing the 1.45 level just below. Having said that, the market bounce significantly in order to form a bit of a hammer, which of course is a very...
EUR/USD Forecast January 8, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Thursday, but found enough support at the 1.08 level to turn things around and form a rather positive looking candle. That being the case come...
AUD/USD Forecast January 8, 2016, it Technical Analysis
The AUD/USD pair fell significantly during the day on Thursday but bounced just above the 0.70 handle. Because of this, it appears that the market is probably going to try to rally from here. Having said that,...
USDCAD Retracement Setup (Jan 8, 2016)
USDCAD has been breaking past one high after another in the past few days, as risk aversion and falling oil prices have weighed on the Canadian dollar. It seems that the pair has topped at around 1.4170...
USD/JPY Forecast January 7, 2016, Technical Analysis
The USD/JPY pair fell during the course of the session on Wednesday, breaking down below the 118.50 level at one point in time. However, we turned back around to form a hammer later in the day, and...
USD/CAD Forecast January 7, 2016, Technical Analysis
The USD/CAD pair rose again during the course of the session on Wednesday, breaking above the 1.40 level. Ultimately, this is a market that is in a very strong uptrend, and we have broken above a significant...