USD/CAD Forecast July 29, 2014, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Monday, but as you can see fell back down towards the 1.08 handle. The level course has been supportive in the past, and now that we...
Category: Daily Forex Reports
GBP/USD Forecast July 29, 2014, Technical Analysis
The GBP/USD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down. Because of this, we feel that the market will more...
EUR/USD Forecast July 29, 2014, Technical Analysis
In the EUR/USD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which...
AUD/USD Forecast July 29, 2014, Technical Analysis
The AUD/USD pair initially fell during the course of the day on Monday, but as you can see found enough support below to turn things back around and form a nice-looking hammer. This hammer of course suggests...
AUD/USD Ascending Triangle Setup (July 28, 2014)
AUD/USD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame. The pair just found resistance at the top of the triangle and is on its...
Is US Dollar Strength Justified? – Paxforex
The US Dollar has rallied during this week’s trading session especially gains the Euro and there has been an increase in US Dollar bulls in the market place. The US currency did rally from a very low...
USD/JPY Forecast July 28, 2014, Technical Analysis
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see found enough resistance near the 102 level to turn things back around and form a shooting star. That shooting star...
USD/CAD Forecast July 28, 2014, Technical Analysis
The USD/CAD pair broke higher during the course of the day on Friday, slicing through the 1.06 level. This level has been resistive previously, and as a result we feel that this market should continue to go...
GBP/USD Forecast July 28, 2014, Technical Analysis
The GBP/USD pair fell during the session on Friday again, closing below the 1.70 level again. That being the case, the market appears that we are going to go lower and attempt to test the 1.69 support...
EUR/USD Forecast July 28, 2014, Technical Analysis
The EUR/USD pair fell again during the session on Friday, breaking the bottom of the candle from the Thursday session, showing us that the market should continue to go lower. The 1.33 level below should be supportive...