USD/JPY Forecast May 5, 2015, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Monday, but as you can see really kind of failed to pick up any type of momentum going higher. With that, the market...
Category: Daily Forex Reports
USD/CAD Forecast May 5, 2015, Technical Analysis
The USD/CAD pair broke down during the course of the session on Monday, testing the 1.21 level. However, we see the 1.20 level below as massively supportive, so having said that we don’t really have any interest...
GBP/USD Forecast May 5, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Monday, but found a little bit of support below in order to form something along the lines of a hammer. With this, we believe that the market is...
EUR/USD Forecast May 5, 2015, Technical Analysis
The EUR/USD pair had a negative session on Monday, as the 100 day exponential moving average offered dynamic resistance. On top of that, the shooting star that informed on Friday showed signs of resistance at the 1.12...
AUD/ USD Forecast May 5, 2015, Technical Analysis
The AUD/USD pair initially fell during the course of the session on Monday, but found enough support to turn things back around and go higher. With this, we ended up forming a hammer for the session, and...
GBPJPY Long-Term Triangle (May 5, 2015)
On its daily time frame, GBPJPY has formed lower highs and found support at the 176.00 major psychological level. A descending triangle chart pattern appears to be forming, as the pair is currently testing the top of...
AUDUSD Area of Interest (May 4, 2015)
AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level. From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high...
USD/JPY Forecast May 4, 2015, Technical Analysis
The USD/JPY pair broke higher during the day on Friday, as we continue to grind our way back towards the top of consolidation. We closed above the 120 level, and that of course is bullish. Ultimately, we...
USD/CAD Forecast May 4, 2015, Technical Analysis
The USD/CAD pair rose during the session on Friday, as we continue to see a bit of a bounce from the 1.20 region. Because of this, the market looks as if it is ready to continue going...
GBP/USD Forecast May 4, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the session on Friday, but failed and fell flat. Because of this, we ended up testing the 1.51 level, and it now seems like we are heading directly to...