USD/CAD Forecast January 20, 2016, Technical Analysis
The USD/CAD pair fell initially during the day on Tuesday but found enough support below the 1.45 level to turn things back around and form a bit of a hammer. The hammer of course is a very...
Month: January 2016
GBP/USD Forecast January 20, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around and fall significantly. We still believe that this market is going to eventually reach towards the 1.40 level,...
EUR/USD Forecast January 20, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Tuesday, but turned back around to form a rather positive candle. However, there is a lot of noise between here and the 1.1050 level, which...
AUD/USD Forecast January 20, 2016, Technical Analysis
The AUD/USD pair rose during the course of the day on Tuesday, but sees quite a bit of a resistance barrier above, and extending all the way to the 0.71 level. Because of this, we are simply...
GBPAUD Breakdown and Pullback (Jan 20, 2016)
GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower. Price had dipped close to the 2.0400 major psychological support before showing signs of a retracement. Using the Fib...
USD/JPY Forecast January 19, 2016, Technical Analysis
The USD/JPY pair rose slightly during the course of the session on Monday, as we continue to meander below the 118.50 level. Ultimately though, a resistive candle between here and there is will we need in order...
USD/CAD Forecast January 19, 2015, Technical Analysis
The USD/CAD pair had a fairly flat session during the day on Monday, testing the 1.45 level for support. This market is ultimately bullish in general as you can see, and therefore we approach the market from...
GBP/USD Forecast January 19, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the session on Monday, but then turned back around to form a shooting star. The shooting star of course signifies that perhaps the downward pressure is...
GBPAUD Symmetrical Triangle (Jan 19, 2016)
GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame. Top-tier events from the UK economy this week could determine which direction this pair might break out. ...
EUR/USD Forecast January 19, 2015, Technical Analysis
The EUR/USD pair initially fell during the day on Monday, but turned back around to form a bit of a hammer. Nonetheless, we are still within the consolidation area that we have been in for some time....