USD/CAD Forecast August 5, 2014, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Monday, but as you can see we drifted a little bit lower by the end of the day. However, this simply looks like an area where...
Category: Daily Forex Reports
GBP/USD Forecast August 5, 2014, Technical Analysis
The GBP/USD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that. We believe them the British pound has been sold off a bit too much, and...
EUR/USD Forecast August 5, 2014, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Monday, but as you can see we bounced slightly in order to form a bit of a hammer. However, the range was very tight, and...
AUD/USD Forecast August 5, 2014, Technical Analysis
The AUD/USD pair initially fell during the day on Monday, but as you can see found enough support to turn things back around and form a hammer. This hammer tells us that the market wants to go...
USD/JPY Forecast August 4, 2014, Technical Analysis
The USD/JPY pair had a very violent session on Friday, as nonfarm payroll numbers came out. This is typically a very rough day for this pair, and the fact that we feel like this tells us that...
USD/CAD Forecast August 4, 2014, Technical Analysis
As the nonfarm payroll came out slightly lower than anticipated, the USD/CAD pair went back and forth, essentially settling nothing at the end of the day although it should be mentioned that the candle was in fact...
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...
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...