EUR/USD Forecast October 1, 2014, Technical Analysis
The EUR/USD pair fell during the course of the day on Tuesday, it bounced enough from the 1.2550 region to form a hammer. This suggests to us that we could see a bounce from here and perhaps...
Category: Daily Forex Reports
AUD/USD Forecast October 1, 2014, Technical Analysis
The AUD/USD pair initially fell during the course of the day on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a positive sign, and as...
EURJPY Moving Averages Support (Oct 1, 2014)
EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame. Weak euro zone inflation data sparked a round of euro selling...
USD/JPY Forecast September 30, 2014, Technical Analysis
The USD/JPY pair went and forth during the session on Monday, as we continue to hang out just below the 110 level. That area is significant resistance, so we believe that it’s going to take a significant...
USD/CAD Forecast September 30, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Monday, but found enough support near the 1.1150 region to bounce from there to form a hammer. The hammer of course suggests that the market could...
GBP/USD Forecast September 30, 2014, Technical Analysis
The GBP/USD pair rose during the course of the day on Monday, but as you can see ran into a bit of trouble at the 1.63 handle. With that, it appears that the market is ready to...
EUR/USD Forecast September 30, 2014, Technical Analysis
The EUR/USD pair tried to rally during the course of the day on Monday, but as you can see failed near the 1.27 level. This area ended up pushing market back down and forming a shooting star,...
AUD/USD Forecast September 30, 2014, Technical Analysis
The AUD/USD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a...
USDJPY Short-Term Pullback (Sept 30, 2014)
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. Price appears to have pulled back to the 38.2% Fibonacci retracement level on the...
EURJPY Corrective Wave (Sept 29, 2014)
EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until...