EURNZD Head and Shoulders (May 22, 2015)
EURNZD could be in for a huge reversal, as price formed a head and shoulders pattern on its 1-hour time frame. The pair is testing the neckline support at the 1.5100 handle and may be due for...
Category: Daily Forex Reports
USD/JPY Forecast Made 21, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the 121 handle. By doing so, looks like the markets ready to try to break out, but we need to practice a lot...
USD/CAD Forecast May 21, 2015, Technical Analysis
The USD/CAD pair broke down rather significantly over the course of the last couple of months, and on Wednesday formed a shooting star. What’s interesting about the shooting started is that it is right where you would...
GBP/USD Forecast May 21, 2015, Technical Analysis
The GBP/USD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle. If we break the top of the range from the Wednesday session, we believe that...
EUR/USD Forecast May 21, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support. Because of this, we expect the market to bounce somewhere in this area,...
AUD/USD Forecast May 21, 2015, Technical Analysis
The AUD/USD pair broke down during the course of the session on Wednesday, testing the 0.79 handle. This is an area where we would anticipate seeing a bit of support, and therefore we are not interested in...
GBPNZD Ascending Triangle (May 21, 2015)
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation at the moment and...
GBPJPY Major Correction (May 20, 2015)
GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest. On its 4-hour chart, it can be seen...
USD/JPY Forecast May 19, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Monday, as buyers then stepped in to rally above towards the 120 level. That is the area that seems to be the beginning of significant...
USD/CAD Forecast May 19, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the day on Monday, showing a very strong bounce. However, we are not free and clear yet, and therefore we are a bit hesitant to start buying quite...