EURUSD Wedge Breakdown (June 23, 2015)
EURUSD has been consolidating inside a rising wedge pattern for the past few weeks and is recently showing signs of a breakdown. Price is trading below the 1.1300 handle and may be in for around 200 pips...
Category: Daily Forex Reports
EURCHF Uptrend Channel (June 22, 2015)
EURCHF is trending higher on its 4-hour time frame, with price testing support at the bottom of the rising channel around the 1.0400 major psychological level. Stochastic is indicating oversold conditions and is starting to move higher,...
USD/JPY Forecast June 22, 2015, Technical Analysis
The USD/JPY pair initially rallied during the course of the session on Friday, but turned back around to test the bottom of the hammer that formed on Thursday. Nonetheless, we find yourselves simply consolidating, and it is...
USD/CAD Forecast June 22, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Friday, as the market broke above the hammer from the Thursday session. Because of that, we feel that the market will continue to go higher,...
GBP/USD Forecast June 22, 2015, Technical Analysis
The GBP/USD pair initially fell on Friday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, and the fact that we broke above the...
EUR/USD Forecast June 22, 2015, Technical Analysis
The EUR/USD pair fell during the course of the session on Friday, but found support near the 1.13 level to turn things back around and form a hammer. The hammer of course suggests buying, but we do...
AUD/USD Forecast June 22, 2015, Technical Analysis
The AUD/USD pair initially fell during the course of the session on Friday, but found buyers below to turn things back around and form a bit of a hammer. This hammer of course is a bullish sign,...
AUD/USD Forecast June 19, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Thursday, breaking the top of the hammer from the session on Wednesday. With that being the case, the market looks as if it is going...
EURCHF Downtrend Channel (June 19, 2015)
EURCHF has been slowly treading lower on its short-term time frames, as the lack of progress in the Greek debt talks is starting to weigh on the shared currency. Price is moving inside a descending trend channel...
USD/JPY Forecast June 18, 2015, Technical Analysis
The USD/JPY pair had a volatile session on Monday as the FOMC meeting minutes were released. This is typical during an interest-rate decision, but quite frankly the market ended up doing nothing. In other words, we don’t...