EUR/USD Forecast December 5, 2014, Technical Analysis
The EUR/USD pair tried to rally during most of the day on Thursday, but as you can see struggled as we get close to the 1.25 handle. Because of this, we did of giving up about half...
Category: Daily Forex Reports
AUD/USD Forecast December 5, 2014, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle. We believe that this market will eventually go lower, probably heading...
USDJPY Rising Trend Line (Dec 5, 2014)
USDJPY is encountering strong resistance at the 120.00 major psychological mark and may be due for a pullback soon. Price could test the rising trend line on its 1-hour chart, as this has been holding as support...
USD/CAD Forecast December 4, 2014, Technical Analysis
The USD/CAD pair went back and forth during the session on Wednesday, showing that we are still fairly indecisive about where will going. However, it should also be noted that with the nonfarm payroll number coming out...
USD/CAD Forecast December 4, 2014, Technical Analysis
The USD/CAD pair went back and forth during the session on Wednesday, showing that we are still fairly indecisive about where will going. However, it should also be noted that with the nonfarm payroll number coming out...
GBP/USD Forecast December 4, 2014, Technical Analysis
The GBP/USD pair rose during the course of the session on Wednesday, but as you can see struggled at the top of the recent consolidation area. Because of that we feel that the market will ultimately bounce...
EUR/USD Forecast December 4, 2014, Technical Analysis
The EUR/USD pair fell hard during the course of the session on Wednesday, as we finally broke down below the 1.2350 level, an area that has been massively supportive recently. That being the case, the market also...
AUD/USD Forecast December 4, 2014, Technical Analysis
The AUD/USD pair tried to rally during the course of the session on Wednesday, showing the slightest possibility of going higher but since we turned back around it tells is really at this point time that the...
AUDJPY Range Setup (Dec 4, 2014)
AUDJPY has been moving sideways as seen on the range on its 1-hour time frame. Price found support at the 100.00 major psychological mark and resistance at the 101.00 major psychological level. The pair is on its...
USD/JPY Forecast December 3, 2014, Technical Analysis
The USD/JPY pair rose during the course of the day on Tuesday, breaking higher and clearing the 190 level. With that, we feel that the market should eventually go to the 120 level, and that pullbacks at...