USD/JPY Forecast May 5, 2015, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Monday, but as you can see really kind of failed to pick up any type of momentum going higher. With that, the market...
Month: May 2015
USD/CAD Forecast May 5, 2015, Technical Analysis
The USD/CAD pair broke down during the course of the session on Monday, testing the 1.21 level. However, we see the 1.20 level below as massively supportive, so having said that we don’t really have any interest...
GBP/USD Forecast May 5, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Monday, but found a little bit of support below in order to form something along the lines of a hammer. With this, we believe that the market is...
EUR/USD Forecast May 5, 2015, Technical Analysis
The EUR/USD pair had a negative session on Monday, as the 100 day exponential moving average offered dynamic resistance. On top of that, the shooting star that informed on Friday showed signs of resistance at the 1.12...
AUD/ USD Forecast May 5, 2015, Technical Analysis
The AUD/USD pair initially fell during the course of the session on Monday, but found enough support to turn things back around and go higher. With this, we ended up forming a hammer for the session, and...
GBPJPY Long-Term Triangle (May 5, 2015)
On its daily time frame, GBPJPY has formed lower highs and found support at the 176.00 major psychological level. A descending triangle chart pattern appears to be forming, as the pair is currently testing the top of...
AUDUSD Area of Interest (May 4, 2015)
AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level. From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high...
USDCAD Weekly Analysis – May 3, 2015
USDCAD’s downward movement from 1.2835 extended to as low as 1.1945. Further decline is still possible after a minor consolidation, and next target would be at 1.1500 area. Resistance is at the top of the price channel...
USDJPY Weekly Analysis – May 3, 2015
USDJPY stayed in the trading range between 115.56 and 122.02 for several months. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
AUDUSD Weekly Analysis – May 3, 2015
AUDUSD broke above 0.7938 resistance, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.7532 already. The pair is now in uptrend, further rise could be expected over the next several weeks, and...