USD/JPY Forecast November 17, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Monday, as we continue to extend the gains for the US dollar. With this being said, it looks as if we are going to try...
Category: Daily Forex Reports
USD/CAD Forecast November 17, 2015, Technical Analysis
The USD/CAD pair went back and forth during the course of the session on Monday, ultimately forming a little bit of a shooting star. The shooting star of course suggests that we are going to fall from...
EUR/USD Forecast November 17, 2015, Technical Analysis
The EUR/USD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion. However, we feel that gap and then ended up forming a relatively negative...
AUD/USD Forecast November 17, 2015, Technical Analysis
The AUD/USD pair fell a bit during the course of the session on Monday, as we continue to see weakness in the Australian dollar overall. Keep in mind that the US dollar is without a doubt the...
GBPUSD Consolidation Ahead of CPI (Nov 17, 2015)
GBPUSD is consolidating tightly in a symmetrical triangle pattern visible on a short-term time frame, just below an area of interest indicated on the 4-hour time frame. Price could go either way, depending on the outcome of...
USDJPY Trend Line Support (Nov 16, 2015)
USDJPY sold off on Friday but is currently testing support at a rising trend line connecting the lows on the 1-hour time frame. Price could be due for a bounce from here, possibly taking it up to...
USD/JPY Forecast November 16, 2015, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Friday, as we continue to find quite a bit of volatility in this market. The 122.50 level offered enough support to keep the...
USD/CAD Forecast November 16, 2015, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Friday, but turned back around to show a slightly positive candle. Ultimately, we feel that this market continues to grind its way towards the 1.3450...
GBP/USD Forecast November 16, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Friday, forming a bit of a shooting star. The fact that we formed a shooting star right here at the 1.52 level, of...
EUR/USD Forecast November 16, 2015, Technical Analysis
The EUR/USD pair fell during the course of the session on Friday, testing the 1.07 level yet again. This is an area that continues offer support though, and at this point in time we actually prefer selling...