USDJPY Ascending Trend Channel (Nov 13, 2014)
USDJPY has been moving in a strong uptrend, with a short-term rising channel forming on its 1-hour time frame. Price just came off a test of resistance and may be due to head lower in a bit,...
Category: Daily Forex Reports
USD/JPY Forecast November 12, 2014, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the day on Tuesday, and actually broke to a fresh, new highs. However, the market struggled and turned back around to form a shooting star. The...
USD/CAD Forecast November 12, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Tuesday, but remains above the 1.13 handle. That is an area that cause quite a bit of support, and therefore we feel that we should see...
GBP/USD Forecast November 12, 2014, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Tuesday, showing that there is in fact some buyers out there. However, we see a significant amount of resistance above, and as a result it...
EUR/USD Forecast November 12, 2014, Technical Analysis
EUR/USD pair broke higher during the course of the day on Tuesday, slamming into the 1.25 handle. Because of that, it appears that the market does in fact have some buyers left in it, but this is...
AUD/USD Forecast November 12, 2014, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Tuesday, but as you can see we are heading towards the 0.88 level, an area that has been of great interest to several different moves,...
AUDUSD Retracement Setup (Nov 12, 2014)
After breaking below support at the .8700 major psychological level and dipping to the .8550 mark, AUDUSD has pulled up to the area of interest and may be due to resume its drop soon. The 38.2% Fibonacci...
USD/JPY Forecast November 11, 2014, Technical Analysis
The USD/JPY pair rose during the session on Monday, banging into the 115 level. The pair has been very bullish lately, and we think this should continue. We recognize that the level should be resistive, but also...
USD/CAD Forecast November 11, 2014, Technical Analysis
The USD/CAD pair bounced off the 1.13 level during the session on Monday, as the market went higher. That being the case, the market seems as if it’s ready to go much higher and we do recognize...
GBP/USD Forecast November 11, 2014, Technical Analysis
The GBP/USD pair broke down during the course of the day on Monday, as we continue the downtrend. The downtrend has been fairly strong, and we have broken down below significant support. Because of this, we feel...