GBP/USD Forecast August 10, 2015, Technical Analysis
The GBP/USD pair fell during most of the session on Friday, but did bounce off of the uptrend line that is just below. With this, the market should find buyers on a break above the top of...
Month: August 2015
EUR/USD Forecast August 10, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Friday, but after the Nonfarm Payroll Numbers came out, the market then turned back around and reach towards the 1.10 level. Because of this, we...
AUD/USD Forecast August 10, 2015, Technical Analysis
The AUD/USD pair initially pulled back during the course of the session on Friday but then shot higher towards the 0.74 handle. By forming this hammer, and looks as if the market is ready to continue going...
GBPUSD Triangle Breakout (Aug 7, 2015)
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same...
GBPUSD Super Thursday Consolidation (Aug 6, 2015)
GBPUSD is consolidating inside an ascending triangle pattern on its 4-hour chart ahead of today’s event risks. Price just bounced off the bottom of the formation and may be due for another test of resistance around the...
USD/JPY Forecast August 6, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and slammed into the 125 handle. If we can get above this area, we...
USD/CAD Forecast August 6, 2015, Technical Analysis
The USD/CAD pair initially fell during the course of the session on Wednesday, but just as a bit on Tuesday, the buyers came back into the marketplace to push this market higher. With this, we feel that...
GBP/USD Forecast August 6, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Wednesday, but as you can see remains well within the consolidation area that we’ve seen for some time. We believe that the 1.55 level below...
EUR/USD Forecast August 6, 2015, Technical Analysis
The EUR/USD pair rose slightly during the course of the session on Wednesday, but quite frankly we are simply consolidating at the moment. We believe that the 1.08 level on the bottom is the support, while the...
AUD/USD Forecast August 6, 2015, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling nothing. However, it appears that the market is not willing to put a lot of faith into the Australian dollar,...