GBP/USD Forecast August 19, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Tuesday, but as you can see ran into quite a bit of trouble once we got to the 1.57 region. Because of this, it looks like...
Category: Daily Forex Reports
EUR/USD Forecast August 19, 2015, Technical Analysis
The EUR/USD pair fell during the day on Tuesday, reaching down towards the 1.10 handle. This is an area that has been the middle of the larger consolidation area lately, and we feel that could offer a...
AUD/USD Forecast August 19, 2015, Technical Analysis
The AUD/USD pair broke down a little bit during the session on Tuesday, but quite frankly we have a lot of noise below us. At the end of the day though, we are most certainly in a...
EURNZD Area of Interest (Aug 18, 2015)
EURNZD recently surged past the resistance around the 1.6800 major psychological level then zoomed up to a high of 1.7100. From there, the pair made a pullback to the broken resistance, which lines up with the 38.2%...
NZDUSD Triangle Support (Aug 17, 2015)
NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome...
USD/JPY Forecast August 17, 2015, Technical Analysis
The USD/JPY pair fell during the course of the session on Friday, but turned back around to form a little bit of a hammer. Quite frankly, the market is looking to break out above the 125 handle,...
USD/CAD Forecast August 17, 2015, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Friday, but found enough buying pressure underneath to turn things back around and form a hammer. The hammer of course is a very bullish sign...
GBP/USD Forecast August 17, 2015, Technical Analysis
The GBP/USD pair fell initially during the day on Friday, but turned back around to form a rather positive candle. By doing so, looks as if the market is ready to continue going further to the upside,...
EUR/USD Forecast August 17, 2015, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Friday but found the 1.12 level be far too resistive as we anticipated. Because of this, it looks like we are going to...
AUD/USD Forecast August 17, 2015, Technical Analysis
The AUD/USD pair rallied slightly during the course of the day on Friday, and as a result we believe that the volatility continues. Quite frankly though, we are very bearish on this pair, and we are waiting...