AUDUSD Downtrend Setup (Jan 6, 2015)
AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame. The pair previously bounced off its lows and is showing...
Category: Daily Forex Reports
GBPJPY Potential Reversal (Jan 5, 2015)
GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards. The previous uptrend could soon be reversed if price breaks below the neckline of the pattern...
USD/JPY Forecast January 5, 2014, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Friday, as the 120 level continues offer a bit of support. We believe that the market will ultimately go higher, but pullback could...
USD/CAD Forecast January 5, 2015, Technical Analysis
The USD/CAD pair broke higher during the session on Friday, reaching almost all the way up to the 1.18 level. That was her next target, so we could see a little bit of a pullback at that...
GBP/USD Forecast January 5, 2014, Technical Analysis
The GBP/USD pair fell hard during the course of the session on Friday, as we sliced through the 1.55 level with almost no effort at all. Because of this, we believe that this market continues down to...
EUR/USD Forecast January 5, 2015, Technical Analysis
The EUR/USD pair fell during the session on Friday, crashing into the 1.20 handle. This is a major level as far as support is concerned, as it was the area that the market bounced from several times...
AUD/USD Forecast January 5, 2015, Technical Analysis
The AUD/USD pair fell during the session on Friday as we continue to grind our way lower. Eventually, we feel that this market goes down to the 0.80 handle, which is a massive level in this pair...
USD/JPY Forecast January 2, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Wednesday, as we continue to hang about the 120 handle. That’s an area of that we believe is a barrier that will eventually the scene...
USD/CAD Forecast January 2, 2015, Technical Analysis
The USD/CAD pair fell during the course of the session on Wednesday, but found enough support below the 1.16 level to turn things back around and form a hammer. With that being the case, it appears of...
GBP/USD Forecast January 2, 2015, Technical Analysis
The GBP/USD pair tried to rally during the course of the day on Wednesday, but failed at the 1.56 region in turn things back around to form a shooting star. While this is a fairly negative sign,...