EUR/USD Forecast March 2, 2016, Technical Analysis
The EUR/USD pair fell initially during the day on Tuesday, but found a little bit of support just above the 1.08 level to turn things around and form a hammer. By doing so, looks like we will...
Month: March 2016
AUD/USD Forecast March 2, 2016, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Tuesday, but we still see quite a bit of resistance above that could keep this market somewhat negative. Yes, we’ve been grinding higher for some...
EURJPY Reversal Pattern (Mar 2, 2016)
EURJPY has been selling off recently but it seems that a reversal is about to take place. Price formed a double bottom pattern visible on its 1-hour chart, hinting that an uptrend might take place. Price failed...
USD/JPY Forecast March 1, 2016, Technical Analysis
The USD/JPY pair fell slightly during the course of the session on Monday, but found enough support just below to bounce and form a little bit of a hammer. Ultimately, this is a market that has quite...
USD/CAD Forecast March 1, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Monday, but ultimately settled for a fairly flat and neutral candle. With that being the case, the market looks as if it is...
GBP/USD Forecast March 1, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Monday, but then rallied enough to form a fairly strong candle. Nonetheless, we are below the 1.40 level, which should now be resistive considered how supportive and was...
EUR/USD Forecast March 1, 2016, Technical Analysis
EUR/USD pair initially tried to rally on Monday but then spent most of the day falling. Now that we fell below the 1.09 level, this market should try to grind its way down to the 1.08 level....
AUD/USD Forecast March 1, 2016, Technical Analysis
The AUD/USD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market. On a break below the bottom...
GBPAUD Downtrend Setup (Mar 1, 2016)
GBPAUD has been trending below a descending trend line on its 4-hour time frame and seems to be ready for a pullback. Price bounced off the 1.9300 area and might retrace to an area of interest near...