USD/JPY Forecast July 8, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Tuesday, testing the 122 handle. With that, we bounced off of that area in order to form a bit of a hammer. The hammer of...
Category: Daily Forex Reports
USD/CAD Forecast July 8, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Tuesday again, but gave back about half of the gains. Ultimately though, we believe that the market will continue to go higher but this could...
GBP/USD Forecast July 8, 2015, Technical Analysis
The GBP/USD pair broke down significantly during the session on Tuesday, slicing through the 1.55 handle. This was an area that we had suggested as being massively supportive, so now that we have broken down below it,...
EUR/USD Forecast July 8, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Tuesday, but found support just above the 1.09 level in order to form a hammer. The hammer of course suggests that the buyers are returning...
AUD/USD Forecast July 8, 2015, Technical Analysis
The AUD/USD pair initially fell during the course of the session on Tuesday, testing the 0.74 level. That area caused quite a bit of a bounce, and as a result it looks like we are going to...
USDCHF Long-Term Triangle (July 8, 2015)
USDCHF is currently testing the resistance of the symmetrical triangle visible on its daily forex chart. Price is also encountering a ceiling around the moving averages, indicating that a selloff might take place. Stochastic is still...
EURUSD Reversal Signal (July 7 2015)
EURUSD has had trouble breaking past the 1.1400 major psychological barrier and has formed a double top pattern on its 4-hour chart. This reversal signal could indicate that the previous uptrend is over and that selling pressure...
USD/JPY Forecast July 7, 2015, Technical Analysis
The USD/JPY pair gapped lower at the open on Monday, but then turned back around to fill that gap. Ultimately, this market looks like it’s ready to continue going higher, and as a result we think that...
USD/CAD Forecast July 7, 2015, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Monday, but found enough support below to turn things back around and form a fairly positive candle. Because of this, we believe that the market...
GBP/USD Forecast July 7, 2015, Technical Analysis
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support. That support is what we needed to see in order to start buying again, because we recognize...