GBPJPY Trend Setup (Oct 29, 2015)
GBPJPY has started to trend higher on the short-term time frames, with a rising channel just forming on the 4-hour and 1-hour charts. Price got rejected on its latest test of the resistance and may be ready...
Category: Daily Forex Reports
USD/JPY Forecast October 29, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Wednesday but found enough support near the 120 handle the turn things back around and form a relatively bullish looking candle. With this, we believe...
USD/CAD Forecast October 29, 2015, Technical Analysis
The USD/CAD pair fell rather hard during the course of the day on Wednesday, but this was more or less in reaction to the oil markets shooting much higher. The 1.31 level below offered support, and we...
GBP/USD Forecast October 29, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Wednesday, as we continue to pound around the 1.53 level. This is a market that is far too choppy for our liking at...
EUR/USD Forecast October 29, 2015, Technical Analysis
The EUR/USD pair broke higher during the course of the session, and as a result it appears that the market should continue to fight in this area, and with that being said the uptrend line just below...
AUD/USD Forecast October 29, 2015, Technical Analysis
The AUD/USD dropped slightly off of the 0.71 level during the session on Wednesday. However, we are still very much below the previous support level at the 0.72 handle, so we look at resistive candles above as...
USD/JPY Forecast October 28, 2015, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Tuesday, testing the 120 level for support. With that being the case, the market looks as if it is possibly going to bouncer...
USD/CAD Forecast October 28, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the day on Tuesday, clearing the 1.32 handle. The impulsive candle is based upon not only the US dollar strengthening in general, but the fact that the oil...
GBP/USD Forecast October 28, 2015, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, but did bounce a little bit towards the end. Nonetheless, this looks like a market that although soft, isn’t quite ready to go anywhere yet....
EUR/USD Forecast October 28, 2015, Technical Analysis
The EUR/USD pair fell slightly during the course of the day on Tuesday, but we remain above the uptrend line from the massive ascending triangle on the longer-term charts that we have been talking about. Because of...