GBP/USD Forecast February 12, 2016, Technical Analysis
The GBP/USD pair fell during the day on Thursday but did find enough support at 1.44 to turn things around and form a little bit of a hammer. Ultimately, it looks as if the market is ready...
Month: February 2016
EUR/USD Forecast February 12, 2016, Technical Analysis
The EUR/USD pair broke a little bit higher during the course of the session on Thursday, as we continue to see strength. This is a pair that should reach towards the 1.15 level, given enough time. We...
AUD/USD Forecast February 12, 2016, Technical Analysis
The Australian dollar dropped to the 0.70 level against the US dollar during the day on Thursday, but found enough support there to turn things around and form a hammer. However, we are in a very choppy...
EURJPY Countertrend Setup (Feb 12, 2016)
EURJPY has been trending lower on its longer-term time frames but the opportunity for a countertrend setup is emerging. Price is currently testing the bottom of its descending channel visible on the 4-hour and daily charts and...
USD/JPY Forecast February 11, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session here on Wednesday, but found the area near 115 to be far too resistive. We ended up continuing the downtrend, and have now broken...
USD/CAD Forecast February 11, 2016, Technical Analysis
During the day on Wednesday, we ended up going back and forth during the course of the session in order to form a rather neutral candle. We tested the 1.40 level, and it now appears that if...
GBP/USD Forecast February 11, 2016, Technical Analysis
The GBP/USD pair rose slightly during the course of the day on Wednesday, breaking above the 1.45 level again. Quite frankly, this is a market that although it looks like it is somewhat supported here, there is...
EUR/USD Forecast February 11, 2016, Technical Analysis
The EUR/USD pair fell significantly during the course of the day on Wednesday but found enough support during the testimony by Janet Yellen in front of Congress. By turning back around, we ended up forming a massive...
AUD/USD Forecast February 11, 2016, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Wednesday, as we continue to see quite a bit of bounce at the 0.70 handle. However, there is a significant amount of resistance just above...
EURGBP Short-Term Pullback (Feb 11, 2016)
EURGBP recently broke past a resistance area at the .7650 minor psychological level then climbed to the .7850 area before showing signs of a pullback. Price is drawing support at the 38.2% Fib based on the latest...