EUR/USD Forecast February 24, 2016, Technical Analysis
The EUR/USD pair fell just a bit during the course of the session, testing the 1.10 level. If we can close below the level on the daily chart, we would be sellers as the market should then...
Month: February 2016
AUD/USD Forecast February 24, 2016, Technical Analysis
The AUD/USD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star. The shooting star is right at the previous uptrend line that should now...
EURAUD Channel Breakout (Feb 24, 2016)
EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows. However, price made a downside break of support recently, indicating that a reversal might take place....
NZDUSD Triangle Breakout (Feb 23, 2016)
NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart. Price recently broke past the triangle resistance and zoomed up to the .6725 level before...
USD/JPY Forecast February 23, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Monday, as we continue to hover around the 113 handle. This is a market that we are expecting to see quite a bit...
USD/CAD Forecast February 23, 2016, Technical Analysis
The USD/CAD pair fell initially during the course of the day on Monday, but found enough support near the 1.3650 level to turn things around and form a somewhat hammer like candle. Ultimately, we do think that...
GBP/USD Forecast February 23, 2016, Technical Analysis
The GBP/USD pair fell rather hard during the course of the day on Monday, killing very close to the 1.40 level. We did bounce though, so it’s very likely that we are going to get a little...
EUR/USD Forecast February 23, 2016, Technical Analysis
The EUR/USD pair broke down below the 1.1050 level, but could not break down below the 1.10 handle. That level is will we need to see in order to start selling, so if we can get below...
AUD/USD Forecast February 23, 2016, Technical Analysis
The AUD/USD pair rose higher during the course of the session on Monday, testing the bottom of the uptrend line that had recently been so supportive. Ultimately, we want to see an exhaustive candle so we can...
USDCAD Descending Triangle (Feb 22, 2016)
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once...