GBPUSD Uptrend Forming (Sept 21, 2015)
GBPUSD seems to be starting a new trend on its 1-hour forex chart, as the recent highs and lows can be connected using an ascending channel. Price just bounced off the channel resistance and may make its...
Category: Daily Forex Reports
USD/JPY Forecast September 21, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support below to turn things back around to form a nice-looking hammer. The hammer of course suggests that the buyers are...
USD/CAD Forecast September 21, 2015, Technical Analysis
The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level. However, we turned back around and formed a very positive looking candle. With that, it appears of the market should continue...
GBP/USD Forecast September 21, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, but turned back around to form a massive shooting star. With this being the case, the uptrend line that had recently kept the market...
EUR/USD Forecast September 21, 2015, Technical Analysis
The EUR/USD pair initially tried to break higher during the course of the day on Friday but found the 1.15 level above to be far too resistive for the market to continue going higher. With that being...
AUD/USD Forecast September 21, 2015, Technical Analysis
The AUD/USD pair initially tried to rally during the session on Friday, just as it did on Thursday. However, the market has struggled to keep gains recently in the Australian dollar, as the markets are focusing on...
USDJPY Potential Breakout (Sept 18, 2015)
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown....
USD/JPY Forecast September 17, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Wednesday, bouncing off of the 120 handle. However, we are still well within consolidation and of course are waiting on the FOMC’s Statement in order...
USD/CAD Forecast September 17, 2015, Technical Analysis
The USD/CAD pair fell during the course of the session on Wednesday, but as you can see is still within the consolidation area that we have seen for some time. Today is the FOMC Statement, and that...
GBP/USD Forecast September 17, 2015, Technical Analysis
The GBP/USD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle. This is significant resistance, and then of course just above there is an uptrend line that previously was broken...