USD/CAD Forecast July 25, 2016, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Friday, as we have shown quite a bit of bullish pressure and not only the US dollar, but also we have seen quite a bit...
Month: July 2016
USD/JPY Forecast July 25, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Friday, but stalled in the middle of the day. At this point in time, looks as if the 105 level will be tested...
EUR/USD Forecast July 25, 2016, Technical Analysis
The EUR/USD pair broke down below the bottom of a couple of hammers during the Friday session, so therefore if you we are getting ready to go even lower. I think that the 1.09 level will be...
GBP/USD Forecast July 25, 2016, Technical Analysis
The British pound fell again during the day on Friday, as we continue to grind our way down towards the 1.30 and a. There is quite a bit of support just below though, so having said that...
AUD/USD Forecast July, 25, 2016, Technical Analysis
The AUD/USD pair fell during the course of the day on Friday, as we continue to see this market soften. However, there is quite a bit of support just below as there is quite a bit of...
USDJPY Descending Channel (July 25, 2016)
USDJPY has been trending lower on its longer-term time frames, moving inside a descending channel on its daily time frame. Price is currently testing the channel resistance at the 106.50-107.00 area, which lines up with a former...
Forex: “The Markets Are Getting Exciting!”
By Elliott Wave International Jim Martens, the editor of our Currency Pro Service, gives you a preview of what’s going on in the FX world post-Brexit. Watch this new interview to learn which markets Jim’s keeping his...
USDCAD Weekly Analysis – July 24, 2016
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. On the downside, a breakdown below 1.2800 support could bring...
USDJPY Weekly Analysis – July 24, 2016
USDJPY is testing that resistance of the downward trend line on daily chart. A clear break above the trend line resistance will indicate that the downtrend from 123.75 (Nov 18, 2015 high) had completed at 98.97 already,...
AUDUSD Weekly Analysis – July 24, 2016
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall to 0.6900 area to complete the downward movement could be expected. Key resistance is at 0.7834, only break above...