USD/CAD Forecast April 17, 2015, Technical Analysis
The USD/CAD pair continue to fall during the session on Thursday, and now looks like it’s ready to head all the way down to the 1.20 level. We expect to see a bit of support there, as...
Month: April 2015
GBP/USD Forecast April 17, 2015, Technical Analysis
The GBP/USD pair rose again during the session on Thursday, as we start to get fairly close to the 1.50 handle. This is an area that should be rather resistive, so we will have to wait to...
EUR/USD Forecast April 17, 2015, Technical Analysis
The EUR/USD pair initially fell during the session on Thursday, but found enough support below to turn things back around and form a fairly positive candle. However, we recognize that the 1.10 level above is massive in...
AUD/USD Forecast April 17, 2015, Technical Analysis
The AUD/USD pair initially fell during the session on Thursday, but found enough support below to turn things back around and form a reasonably positive candle. We believe that the market is now going to try to...
AUDCAD Reversal Formation (Apr 17, 2015)
AUDCAD seems to be done with its downtrend as a reversal pattern can be seen on its 4-hour forex chart. The pair failed in its recent attempts to break below the 0.9500 major psychological support and could...
USD/JPY Forecast April 16, 2015, Technical Analysis
The USD/JPY pair fell during the course of the day on Wednesday, breaking the back of the hammer from the Tuesday session. However, we still see significant support just below so we are not ready to start...
USD/CAD Forecast April 16, 2015, Technical Analysis
The USD/CAD pair finally break out of consolidation during the day on Wednesday, slicing down to the 1.23 handle. Because of this, we feel that the market is then going to head to the 1.20 level, as...
GBP/USD Forecast April 16, 2015, Technical Analysis
The GBP/USD pair initially fell during the session on Wednesday, but found enough momentum to the upside to break above the 1.48 handle. This of course is a significant breakout in terms of the beginning of the...
EUR/USD Forecast April 16, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Wednesday but found enough support near the 1.0550 level to turn things back around for a fairly bullish looking candle. At the end of the...
AUD/USD Forecast April 16, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Wednesday, testing the 0.77 handle again. The market couldn’t get above there, but it does look very strong as we closed towards the top of...