Each week and calendar month, quantitative analysis is used to determine certain probable price movements which can be forecasted. Previous Monthly Forecast for June 2014 I forecasted that during June, it was probable that AUD/SEK would rise....
The downtrend of EUR/AUD is still intact, as the pair is trading below a falling trend line on its 4-hour time frame. However, the upcoming events this week could be crucial in determining whether this trend will...
The USD/JPY pair fell during the session on Monday, dipping below the 101.50 level. The area below is rather supportive level, so we don’t necessarily anticipate selling this market anytime soon. Because of this, we feel that...
The USD/CAD pair went back and forth on Monday, but essentially ended up unchanged. There is a significant uptrend line just below though, and as a result we feel that this market could in fact buying quite...
The GBP/USD pair initially fell towards the 1.70 handle during the session on Monday, but as you can see absolutely exploded to the upside and broke out. The break out during the session on Monday cleared a...
The EUR/USD pair broke higher during the session on Monday, slamming into the 1.37 handle. This is an area that’s been significant resistance previously, so it makes sense that the market stopped right there. However, the fact...
The AUD/USD pair initially fell during the session on Monday, but found enough support below at the 0.94 level to turn things back around and form a big hammer. The hammer should in fact show that there...
GBP/AUD is consolidating inside a descending triangle pattern, showing a potential range play for short-term traders or a possible breakout and longer-term bias for swing traders. Price is just testing the top of the triangle with stochastic...
The USD/JPY pair fell during the course of the session on Friday, closing just below the 101.50 level. With that, it appears that the market is probably going to test the support area just below, and we...
The USD/CAD pair fell again during the session on Friday, continuing to show significant bearishness. However, we are getting fairly close to a massive support area in the form of the 1.06 level, and the uptrend line...
