AUDUSD Short-Term Reversal (July 15, 2015)
AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month...
Month: July 2015
USD/JPY Forecast July 15, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Tuesday, testing the 123 round number. I doing so, we found enough buyers below to turn things back around and form a bit of a...
USD/CAD Forecast July 15, 2015, Technical Analysis
The USD/CAD pair broke higher during the course of the session initially on Tuesday, testing the 1.28 level. This area has been massively resistive in the past, and as a result it makes sense that we continue...
GBP/USD Forecast July 15, 2015, Technical Analysis
The GBP/USD pair initially fell during the session on Tuesday, but found enough support near the 1.55 level to turn things back around and break above the top of the shooting star from the Monday session. By...
EUR/USD Forecast July 15, 2015, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Tuesday, testing the 1.10 level for support. We did find it there, we still believe that there is a significant amount of support...
AUD/USD Forecast July 15, 2015, Technical Analysis
The AUD/USD pair went back and forth during the session on Tuesday, testing the 0.75 level. However, that is an area that has been so resistive that we don’t believe that the market is going to break...
GBPUSD Trend Line Break (July 14)
GBPUSD had been trading below a descending trend line since mid-June but the pair recently broke to the upside. This signals that a reversal is in order, especially since price made a pullback to the broken trend...
USD/JPY Forecast July 14, 2015, Technical Analysis
The USD/JPY pair initially dropped a bit during the session on Monday, but turned around at the 122.50 level. Ultimately, we broke above there and reach towards the 123.50 handle. Ultimately, the market closed towards the top...
USD/CAD Forecast July 14, 2015, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Monday, but as you can see struggled at the 1.28 handle yet again. With this, it looks as if the market is ready...
GBP/USD Forecast July 14, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star. The shooting star of course is negative, so if we can break down below the...