GBP/USD Forecast July 27, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Tuesday, as we continue to bounce above the 1.30 level. This is a market that is very negative overall, but looks as if...
Month: July 2016
EUR/USD Forecast July 27, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, finding enough resistance above the 1.10 level to continue to grind this market lower. The market picking down below the 1.10 level...
AUD/USD Forecast July 27, 2016, Technical Analysis
The AUD/USD pair rose during the course of the day on Tuesday, reaching out and above the 0.73 level. Pay attention to the gold market, because of gold rises, the Australian dollar should as well. There will...
USDCAD Breakout Correction (July 27, 2016)
USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action. However, the rally was cut short at the 1.3200 area and a correction seems to be taking...
USD/JPY Forecast July 26, 2016, Technical Analysis
The USD/JPY pair initially rallied during the course of the session on Monday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and we could drop down...
USD/CAD Forecast July 26, 2016, Technical Analysis
The USD/CAD pair broke higher during the course of the session here on Monday, slicing through the 1.32 level. Now that we broke above there, and the fact that the oil markets are looking soft, I believe...
GBP/USD Forecast July 26, 2016, Technical Analysis
The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter...
EUR/USD Forecast July 26, 2016, Technical Analysis
The EUR/USD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again. This is an area that had been rather supportive recently, so it should now in theory be...
AUD/USD Forecast July 26, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star. I think that if we can break above the 0.75 level, that would...
USDCAD Triangle Breakout (July 26, 2016)
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining...