USD/JPY Forecast May 24, 2016, Technical Analysis
The USD/JPY pair fell during the day on Monday, as the 110 level has proven to be a bit too resistive. Because of this, it shows that we are going to struggle to get above there. However,...
Month: May 2016
USD/CAD Forecast May 24, 2016, Technical Analysis
The USD/CAD pair did very little during the course of the day on Monday, as we continue to meander around the 1.31 handle. Quite frankly, it looks a little bit exhausted, so we could very well pullback....
GBP/USD Forecast May 24, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Monday, testing the 1.45 level in a couple of different directions. Ultimately, we will trade in the same direction that we break out...
EUR/USD Forecast May 24, 2016, Technical Analysis
The EUR/USD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle. The area just below the 1.12 level is massively supportive, and as a result it makes sense...
AUD/USD Forecast May 24, Technical Analysis
The AUD/USD pair went back and forth on Monday, as we continue to struggle with the 0.73 level. Any rally at this point in time should have to deal with quite a bit of resistance, going all...
EURAUD Descending Triangle Resistance (May 24, 2016)
EURAUD has been climbing recently but these rallies could hit a barrier around the top of the descending triangle on its daily time frame. This is located around the 1.5800 major psychological level, with a turn lower...
EURGBP Downtrend Correction (May 23, 2016)
EURGBP recently made a break below the head and shoulders neckline support then dipped to a low of .7650. Price is showing signs of a pullback from the breakout move, possibly retesting the broken neckline around .7750-.7800. ...
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USDCAD Weekly Analysis – May 22, 2016
USDCAD’s upward movement from 1.2460 extended to as high as 1.3162. Further rise could be expected over the next several weeks, and next target would be at 1.3600 area. Support level is at 1.2750, as long as...
USDJPY Weekly Analysis – May 22, 2016
USDJPY broke above the downward trend line on daily chart. However, as long as 111.88 resistance holds, the rise from 105.54 could be treated as consolidation of the downtrend from 123.75, another fall towards 100.00 is still...