EUR/USD January 8, 2015, Technical Analysis
The EUR/USD pairfell during the session on Wednesday, testing the 1.18 handle. We see this as a major level of support, and the fact that it exists and we bounced off of it tells us that this...
Category: Daily Forex Reports
AUD/USD Forecast January 8, 2015, Technical Analysis
The AUD/USD pair as you can see initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form a hammer. We are just above the 0.80 level,...
AUDUSD Reversal Pattern (Jan 8, 2015)
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame. A double bottom formation can be seen after the pair failed in its past two attempts to break below...
USD/JPY Forecast January 7, 2015, Technical Analysis
The USD/JPY pair fell during most of the session on Tuesday, but found enough support near the 118.50 level to turn things back around and form a little bit of a hammer. That being the case, it...
USD/CAD Forecast January 7, 2015, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, trying to break out to the upside. If we can break above to a fresh, new high, we believe this market will continue to go much higher, probably...
GBP/USD Forecast January 7, 2015, Technical Analysis
The GBP/USD pair fell during the session on Tuesday, testing the very bottom of the hammer that informed from Monday. This is a very negative sign, and as a result if we break the bottom of the...
EUR/USD Forecast January 7, 2015, Technical Analysis
The EUR/USD pair fell initially during the session on Tuesday, and then just essentially sat there at the 1.19 level. It appears that we are ready to grind sideways between now and nonfarm payroll, and quite frankly...
AUD/USD Forecast January 7, 2015, Technical Analysis
The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see struggled and ended up forming a shooting star. We are right at resistance anyway, so would not surprise us at...
EURGBP Support at .7800 (Jan 7, 2015)
EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on. Price could head back to the top of the range near the .8050 minor...
USD/JPY Forecast January 6, 2015, Technical Analysis
The USD/JPY pair fell during the course of the session on Monday, slicing through the 120 level. Nonetheless, we continue to see a significant amount of support in this area, and as a result we feel that...