GBP/USD Forecast January 18, 2016, Technical Analysis
The GBP/USD pair fell rather hard during the course of the on Friday, making a fresh, new low. Because of that, the market looks as if it is ready to go much lower, perhaps heading down to...
Month: January 2016
EUR/USD Forecast January 18, 2016, Technical Analysis
The EUR/USD pair broke higher during the course of the session on Friday, but found enough resistance near the 1.10 level to pull back slightly. On top of that, we have the 100 day exponential moving average...
AUD/USD Forecast January 18, 2016, Technical Analysis
The AUD/USD pair fell during the course of the day on Friday, breaking the bottom of the shooting star that formed on Thursday. I doing so, we ended up forming a fresh, new low, which of course...
USD/JPY Forecast January 15, 2016, Technical Analysis
The USD/JPY pair bounced during the day on Thursday, testing the 118.50 level. Ultimately, the market will have to get above the 119 level to eventually break out to the upside for any real length of time....
USD/CAD Forecast January 15, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Thursday, as we slowed down and what has been a very strong uptrend. At this point, we think this pair could pull back,...
GBP/USD Forecast January 15, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Thursday, but still shows a significant amount of resistance near the 1.45 handle. In fact, we believe that the resistance goes not only...
EUR/USD Forecast January 15, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Thursday, but turned back around at the 1.0950 reason to turn this market into a negative candle for the day. It appears that...
AUD/USD Forecast January 15, 2016, Technical Analysis
The AUD/USD pair initially tried to fall during the day on Thursday, but turned back around to form a positive candle. However, we think that the market is certainly consolidating at the moment, and as a result...
EURGBP Ascending Channel (Jan 15, 2016)
EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play. Zooming in to the 1-hour time frame shows that price is moving inside an ascending channel and is currently...
USD/JPY Forecast January 14, 2016, Technical Analysis
The USD/JPY pair fell during the day on Wednesday, as the 118.50 level offered far too much in the way of resistance. That being the case, the market looks as if it should continue to go towards...