GBPUSD Double Bottom Pattern (Mar 23, 2015)
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the...
Category: Daily Forex Reports
USD/JPY Forecast March 23, 2015, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned back around to fall the way down to the hundred and 20 level. That being the case, the market looks...
USD/CAD Forecast March 23, 2015, Technical Analysis
The USD/CAD pair initially rallied during the course of the session on Friday, but turned back around to race back down towards the 1.25 handle. However, this is an area that features quite a bit of support,...
GBP/USD Forecast March 23, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, but remains below the 1.50 level. We think that there is enough resistance above that the market will more than likely continue to struggle...
EUR/USD Forecast March 23, 2015, Technical Analysis
The EUR/USD pair broke higher during the course of the session on Friday, closing above the 1.08 level. It looks like we are heading back to the 1.10 level given enough time, but we also recognize that...
AUD/USD Forecast March 23, 2015, Technical Analysis
The AUD/USD pair broke higher during the session on Friday, as the market continues to bounce in the general vicinity that we are in at the moment. With that, we still look to sell rallies as they...
USD/JPY Forecast March 20, 2015, Technical Analysis
The USD/JPY pair rose during the course of the session on Thursday, as the 120 level continues offer support. We believe that the US dollar will continue to strengthen over the longer term, given the fact that...
USD/CAD Forecast March 20, 2015, Technical Analysis
The USD/CAD pair rose during the session on Thursday, as we have all but wiped out the losses from the Wednesday session. On top of that, the oil markets have fallen apart, so that of course puts...
GBP/USD Forecast March 20, 2015, Technical Analysis
The GBP/USD pair fell hard during the session on Thursday, completely reversing all of the gains that had been seen during the Wednesday session. Because of this, looks like the downtrend is ready to continue, and a...
EUR/USD Forecast March 20, 2015, Technical Analysis
The EUR/USD pair fell during the course of the session on Thursday, showing that we couldn’t hang onto the gains from Wednesday. We’ve completely wiped out that candle for the most part, and as a result it...