USDJPY Descending Channel (July 6, 2015)
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near...
Category: Daily Forex Reports
USD/JPY Forecast July 6, 2015, Technical Analysis
The USD/JPY pair fell slightly during the course of the day on Friday, as we await the results of the Greek referendum. Quite frankly though, we still believe that the market has plenty of support below and...
USD/CAD Forecast July 6, 2015, Technical Analysis
The USD/CAD pair initially trying to rally during the course of the day on Friday, but pullback to form a bit of a shooting star. The shooting star is identical in its implications to the shooting star...
GBP/USD Forecast July 6, 2015, Technical Analysis
The GBP/USD pair fell slightly during the course of the session on Friday, as we continue to see weakness overall. However, there is a 1.55 barrier that should be rather supportive, and the buyers will more than...
EUR/USD Forecast July 6, 2015, Technical Analysis
The EUR/USD pair did very little during the session on Friday as we await the Greek referendum vote. That being the case, the market looks as if it will be very volatile on Monday. There is an...
AUD/USD Forecast July 6, 2015, Technical Analysis
The AUD/USD pair fell during the course of the session on Friday, testing the 0.75 handle. This is an area that is supportive based upon the large, round, psychologically significant number, and of course an area that...
USD/JPY Forecast July 3, 2015, Technical Analysis
The USD/JPY pair broke out to the upside during the session initially on Thursday, but turned back around to form a shooting star. Looking at this shooting star it suggests that we are going to drop from...
USD/CAD Forecast July 3, 2015, Technical Analysis
The USD/CAD pair tried to break down during the session on Thursday, but pullback to form a bit of a shooting star. The shooting star of course is a fairly negative candle but at the end of...
GBP/USD Forecast July 3, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Thursday, essentially settling nothing. However, the one thing that we do notice is that the 1.56 level is trying to offer a bit...
EUR/USD Forecast July 3, 2015, Technical Analysis
The EUR/USD pair went back and forth after a lackluster employment number came out of the United States on Thursday. However, with more important to us is that we are still above the uptrend line, and of...