USD/CAD Forecast April 21, 2014, Technical Analysis
The USD/CAD pair did very little during the session on Monday, as we continue to hang about the 1.22 handle. We did form a hammer on Friday though, so we could be getting ready to bounce a...
Category: Daily Forex Reports
GBP/USD Forecast April 21, 2015, Technical Analysis
The GBP/USD pair fell during the course of the session on Monday, but more importantly broke down below the bottom of the shooting star from Friday. Because of this, we have become bearish of this pair yet...
EUR/USD Forecast April 21, 2015, Technical Analysis
The EUR/USD pair did almost nothing during the session, ending with a slightly bearish candle. However, looks at the pair is getting ready to “roll over”, and with that we feel that the market is probably heading...
AUD/USD Forecast April 21, 2015, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Monday, but as you can see turned back around and fell rather significantly. In fact, we tested the 0.77 level, and as a result it looks...
USDCAD Short-Term Retracement (Apr 21, 2015)
USDCAD has been trading lower in the past few days, after breaking below support at the 1.2450 minor psychological level. Since then, the pair has tested support at the 1.2100 major psychological level and showed signs of...
USDJPY Triangle Formation (Apr 20, 2015)
USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart. The pair has created higher lows and found resistance at the 121.00 handle, forming an ascending triangle chart...
USD/JPY Forecast April 20, 2015, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Friday, but as you can see had a slightly negative result. With that being the case, the market looks as if it is...
USD/CAD Forecast April 20, 2015, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Friday, but found enough support at the 1.21 level to turn things back around and form a nice-looking hammer. With this, it appears of the market...
GBP/USD Forecast April 20, 2015, Technical Analysis
The GBP/USD pair initially broke higher during the course of the session on Friday, but as you can see struggled at the 1.50 level. By doing so, the market turned back around and formed a shooting star...
EUR/USD Forecast April 20, 2015, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Friday, eventually settling on a slightly positive candle. The candle is in quite a shooting star, but it does look similar. Because of...