EUR/USD Forecast May 13, 2015, Technical Analysis
The EUR/USD pair broke above the 1.12 level during the course of the session on Tuesday, which of course is a bullish sign. Adding to that is the fact that we broke above the top of the...
Month: May 2015
AUD/USD Forecast May 13, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Tuesday, testing the 0.80 level. That being the case, the market could find quite a bit of selling pressure in this area, and it will...
EURUSD Potential Reversal (May 13, 2015)
EURUSD could be in for a potential reversal from its recent uptrend, as price is creating a head and shoulders pattern on its 1-hour time frame. The pair is still forming the right shoulder and is still...
USD/JPY Forecast May 12, 2015, Technical Analysis
The USD/JPY pair rose during the course of the session on Monday, as we climbed above the 120 level. With that though, we see quite a bit of resistance just above, and it seems that the market...
USD/CAD Forecast May 12, 2015, Technical Analysis
The USD/CAD pair initially fell during the day on Monday, but did slow down a bit. We still see a significant amount of support at the 1.20 level, and of course the 200 day exponential moving average...
GBP/USD Forecast May 12, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Monday, breaking above the 1.55 level. That is an area that has been massively resistive in the past, and as a result we feel that...
EUR/USD Forecast May 12, 2015, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Monday, but found the 1.12 level to be a bit too resistive. With that, the market looks like it is trying to break...
AUD/USD Forecast May 12, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Monday, but remained fairly stagnant overall. With that, the market looks as if there is a significant amount of resistance at the 0.80 level above,...
AUD/USD Forecast May 12, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Monday, but remained fairly stagnant overall. With that, the market looks as if there is a significant amount of resistance at the 0.80 level above,...
Long-Term Reversal on GBPUSD (May 12, 2015)
GBPUSD may be done with its long-term selloff, as the pair formed a reversal pattern on its daily time frame. An inverse head and shoulders can be seen and price is already testing the neckline around the...