EUR/USD Forecast August 20, 2014, Technical Analysis
The EUR/USD pair fell hard during the course of the day on Tuesday, but did not break down below the 1.33 handle, an area that we need to see violated to the downside in order to start...
Category: Daily Forex Reports
AUD/USD Forecast August 20, 2014, Technical Analysis
The AUD/USD pair initially went higher during the course of the day on Tuesday, but ended up falling in forming a relatively negative candle as we pressed against the 0.93 level. We think that the market will...
NZDUSD Descending Channel Setup (August 19, 2014)
NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom. The channel support...
USD/JPY Forecast August 19, 2014, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Monday, but found enough or below in order to bounce and go higher. The resulting hammer does suggests that the markets get ready to go...
USD/CAD Forecast August 19, 2014, Technical Analysis
The USD/CAD pair initially fell during the course of the day on Monday, but found enough support below to turn things back around and form a hammer. With that, the market ended up showing a significant amount...
GBP/USD Forecast August 19, 2014, Technical Analysis
The GBP/USD pair gapped higher at the open on Monday, and then simply sat there. We clear the 1.67 handle, and as a result we believe that this market will go higher. The 1.68 level is resistance...
EUR/USD Forecast August 19, 2014, Technical Analysis
The EUR/USD pair initially tried to rally during the beginning of the session on Monday, but turned back around and fell back into the consolidation area. The 1.3350 level offered support though, and as a result it...
AUD/USD Forecast August 19, 2014, Technical Analysis
The AUD/USD pair as you can see went back and forth during the course of the day on Monday, continuing to show the 0.93 level is an area where the buyers could step back into the marketplace....
EURGBP Countertrend Setup (Aug 18, 2014)
EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up...
USD/JPY Forecast August 18, 2014, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Friday, as markets got very concerned about shooting in eastern Ukraine. With that, there was a bit of a “risk off” feel to...