GBP/USD Forecast May 7, 2015, Technical Analysis
The GBP/USD pair had a pretty volatile session during the day on Wednesday as we continue to meander around the 1.52 region. This is a market that seems to be a bit confused, but right now it...
Month: May 2015
EUR/USD Forecast May 7, 2015, Technical Analysis
The EUR/USD pair broke much higher during the day on Wednesday, as it certainly looks as if the Euro rally will continue going further. It’s a bit surprising to us, but quite frankly now that we are...
AUD/USD Forecast May 7, 2015, Technical Analysis
The AUD/USD pair broke higher and even when above the 0.80 level again during the session on Wednesday, but for the second time upon reaching the level, the sellers came in and took over. With that, we...
USDJPY Range Setup (May 7, 2015)
Resistance at the top of the USDJPY range on the 4-hour time frame kept gains in check, pushing the pair back to the middle of the range. Price could be headed back to the bottom of the...
USD/JPY Forecast May 6, 2015, Technical Analysis
The USD/JPY pair initially broke higher during the course of the day on Tuesday, but found so much in the way of resistance at the 120.50 level that we turned back around to form a massive shooting...
USD/CAD Forecast May 6, 2015, Technical Analysis
The USD/CAD pair broke down during the session on Tuesday, testing the 1.20 support level. This is an area that is rather supportive, so it could take a bit of a fight to break down below here....
GBP/USD Forecast May 6, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Tuesday, breaking above the 1.52 level at one point. However, it does look like we are starting to show strength and that’s what matters. On...
EUR/USD Forecast May 6, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a bit of a hammer. Because of this, we feel that the...
AUD/USD Forecast May 6, 2015, Technical Analysis
The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a very positive candle. This was partly due to the Reserve Bank...
USDJPY Range Resistance (May 6, 2015)
USDJPY is testing the top of the range forming on its 4-hour time frame, indicating that a move lower is likely. Price is having difficulty breaking past the resistance around the 120.50 minor psychological level and may...