EUR/USD Forecast September 16, 2014, Technical Analysis
The EUR/USD pair fell during most of the day on Monday, but as you can see bounced enough to form a hammer. Because of this, we feel that the market is going to try to break out...
Category: Daily Forex Reports
AUD/USD Forecast September 16, 2014, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see. The fact...
GBPUSD Long-Term Support (Sept 15, 2014)
GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that...
USD/JPY Forecast September 15, 2014, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Friday, continuing a very impulsive move. Because of this, we feel that the market is a bit overbought at this point in time, so we...
USD/CAD Forecast September 15, 2014, Technical Analysis
The USD/CAD pair went higher during the course of the day, showing real strength during Friday’s session. It appears that we are now broken out, and now that we have cleared the 1.10 level rather significantly, we...
GBP/USD Forecast September 15, 2014, Technical Analysis
The GBP/USD pair initially fell during the course of the day on Friday, but found enough support below in order to form a nice-looking hammer. We have not broken above the gap from the beginning of the...
EUR/USD Forecast September 15, 2014, Technical Analysis
The EUR/USD pair rose during the course of the day on Friday, but as you can see the 1.30 level has offered resistance yet again. That being the case, we ended up forming a shooting star, and...
AUD/USD Forecast September 15, 2014, Technical Analysis
The AUD/USD pair fell hard during the session on Friday, slamming into the 0.90 region. That area should be massively supportive, and as a result we think that it’s only a matter of time before we get...
What happened to the Japanese Yen? – Paxforex
The Japanese Yen plunged to new multi-year lows especially against the US Dollar as the USDJPY broke out above the 107.000 level only to be stopped by a very big resistance level which is located around 107.250....
USD/CAD Forecast September 12, 2014, Technical Analysis
The USD/CAD pair rose during the course of the day on Thursday, breaking the top of two shooting stars in a row. With that being the case, the market has now broken out to the upside, and...