GBP/USD Forecast August 4, 2014, Technical Analysis
The GBP/USD pair fell during the course of the day on Thursday, slamming into the 1.68 region. This area does start to see a bit of support though, so really this point time we are waiting to...
Category: Daily Forex Reports
EUR/USD Forecast August 4, 2014, Technical Analysis
The EUR/USD pair went higher during the course of the day on Friday, as the nonfarm payroll numbers missed just slightly. That being the case, the fact that we had to hammers previously suggests that the market...
AUD/USD Forecast August 4, 2014, Technical Analysis
The AUD/USD pair went back and forth during the day on Friday, essentially hugging the 0.93 handle. That being the case, the market looks as if it is finding support in this area, but ultimately will break...
USD/JPY Bullish Pennant (August 1, 2014)
USD/JPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could...
USD/JPY Forecast August 1, 2014, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Thursday, ultimately printing a very neutral candle. This neutral candle sits just below the 103 level, and as a result we think that...
USD/CAD Forecast August 1, 2014, Technical Analysis
The USD/CAD pair went back and forth on Thursday, but as you can see really didn’t settle for much. With that being the case, it appears that the market could pullback from here, as the move has...
GBP/USD Forecast August 1, 2014, Technical Analysis
The GBP/USD pair went back and forth during the day on Thursday, ultimately selling off though. We have broken below the 1.69 level, so we would suggest that perhaps this market continues to go lower, probably looking...
EUR/USD Forecast August 1, 2014, Technical Analysis
The EUR/USD pair fell during the course of the day on Thursday, but as you can see found enough support below in order to bounce and form a little bit of a hammer. This is the second...
AUD/USD Forecast August 1, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Thursday, as we managed to break down through the last signs of support. Now that we have done that, we believe that rallies will continue to...
Will US NFP Disappoint Tomorrow? – Paxforex
Forex traders will get July’s non-farm payroll report tomorrow and expectations call for a headline figure of 231,000 new jobs while the unemployment rate is expected to remain unchanged at 6.1%. Many new traders are focused on...