EURGBP Long-Term Range (Dec 9, 2015)
EURGBP recently made a strong bounce off the bottom of its long-term range at the .7000 major psychological level and appears to have enough momentum to make it back to the top. If resistance at the .7400...
Category: Daily Forex Reports
USD/JPY Forecast December 8, 2015, Technical Analysis
The USD/JPY pair fell after initially trying to rally during the day on Monday, ultimately settling on a very neutral candle. We feel that the US dollar will continue to strengthen over the longer time though, so...
USD/CAD Forecast December 8, 2015, Technical Analysis
The USD/CAD pair broke out finally during the course of the session on Monday, meaning that we should see continued bullish pressure. On top of that, we broke above the psychologically significant 1.35 handle, and of course...
GBP/USD Forecast December 8, 2015, Technical Analysis
The GBP/USD pair initially tried to rally on Monday, but then turned back around to fall significantly. It looks as if we are heading down to the 1.5 level, which of course has some psychological significance but...
EUR/USD Forecast December 8, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Monday, but found quite a bit of support below to turn things around and form a hammer. The hammer of course is a very bullish...
AUD/USD Forecast December 8, 2015, Technical Analysis
The AUD/USD pair fell during the day on Monday, finally making a decision after forming several indecisive candles in a row. Because of this, we feel that the market is going to grind its way lower and...
NZDUSD Resistance Turned Support (Dec 8, 2015)
NZDUSD has recently broken past a key resistance level at the .6600 major psychological mark then zoomed up close to the .6800 handle before showing signs of a pullback. Using the Fib tool on the latest swing...
EURAUD Downtrend Setup (Dec 7, 2015)
EURAUD has been in a steady downtrend on its longer-term time frames, with a descending trend line connecting the latest highs of price action. Price made a sharp pop higher after last week’s ECB rate statement but...
USD/JPY Forecast December 7, 2015, Technical Analysis
The USD/JPY pair bounced during the day on Friday as the employment numbers came out much stronger than anticipated. When the US jobs numbers go up, it’s quite common for this pair to do the same. It...
USD/CAD Forecast December 7, 2015, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Wednesday as we got employment numbers out of both the United States and Canada. Because of this, the market would always be volatile...