GBP/USD Forecast October 2, 2014, Technical Analysis
The GBP/USD pair tried to rally during the course of the day on Wednesday, but failed at the 1.63 region. By doing so, we ended up forming a shooting star, and that of course is a fairly...
Category: Daily Forex Reports
EUR/USD Forecast October 2, 2014, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially hugging the 1.62 level. This isn’t a big surprise though, as the ECB has an interest rate decision coming out later...
AUD/USD Forecast October 2, 2014, Technical Analysis
The AUD/USD pair rose during the course of the day on Wednesday, showing that the market is ready to continue consolidating in this area. We see the 0.88 level above as being resistive, so we feel that...
USD/JPY Forecast October 1, 2014, Technical Analysis
The USD/JPY pair went higher during the course of the day on Tuesday, testing the 110 level again. That level has been resistive, and showed it strength again during the session. However, we believe that the 110...
USD/CAD Forecast October 1, 2014, Technical Analysis
The USD/CAD pair finally have the 1.12 level that we been talking about for some time, but has pullback a little bit towards the end of the day on Tuesday. With that, we feel that the market...
GBP/USD Forecast October 1, 2014, Technical Analysis
The GBP/USD pair fell during the day on Tuesday, but found enough support at the 1.62 level to turn things back around and form a little bit of a hammer. With that being said, we feel that...
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...
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...