CAD/JPY Short-Term Channel Bounce (April 25, 2014)
CAD/JPY is in a short-term uptrend, as seen on the channel connecting the highs and lows of price action on the 1-hour time frame. In fact, the pair just came off a test of the channel support...
Category: Daily Forex Reports
USD/JPY Forecast April 25, 2014, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Thursday, but found enough support right around the 102 level to turn things back around and form a hammer. This hammer of course is a supportive...
USD/CAD Forecast April 25, 2014, Technical Analysis
The USD/CAD pair did almost nothing during the session on Thursday, as we continue to meander just above the 1.10 level. With that, we feel that the market should continue to go sideways in the meantime, but...
GBP/USD Forecast April 25, 2014, Technical Analysis
The GBP/USD pair fell initially during the session on Thursday, but found enough support below at the 1.68 level to push things higher inform something along the lines of a hammer. We’re the bottom of the recent...
EUR/USD Forecast April 25, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Thursday, ultimately settling on a slightly positive candle. At this moment time, it appears that the market is simply going to go sideways, and therefore we...
AUD/USD Forecast April 25, 2014, Technical Analysis
The AUD/USD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again. We believe that this market will continue to find support in this range, and down to the 0.92 handle....
USD/JPY Forecast April 24, 2014, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Wednesday, but found enough support below the 102.50 level to push the market higher, and form a hammer. This hammer of course is very supportive looking,...
USD/CAD Forecast April 24, 2014, Technical Analysis
The USD/CAD pair tried to rally during the session on Wednesday, but as you can see fell a little bit flat. We are in a consolidation area, so it doesn’t surprise us that the market struggles a...
GBP/USD Forecast April 24, 2014, Technical Analysis
The GBP/USD pair fell during the session on Wednesday, breaking down below the 1.68 level during the day. However, the market still has plenty of support below, and as a result we feel that buying the British...
EUR/USD Forecast April 24, 2014, Technical Analysis
The EUR/USD pair tried to rally during the session on Wednesday, but failed to hang onto most of the gains. Because of this, we formed a massive shooting star, which suggests that we are going to fall...