USDCAD Reversal Pattern (Aug 11, 2016)
USDCAD seems to be tired from its uptrend, as a reversal pattern can be seen on its 4-hour time frame. Price is forming a head and shoulders formation and is gearing up to test the neckline at...
Month: August 2016
USD/JPY Forecast August 10, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the day but then turned right back around form a bit of a slightly negative candle. However, I believe that there is more than enough support below to continue...
USD/CAD Forecast August 10, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Tuesday, but fell significantly from there. There is still a significant uptrend line just below though, and as a result I feel that...
GBP/USD Forecast August 10, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, but found enough support underneath the 1.30 level to turn things around and form a bit of a hammer like candle. There is a massive...
EUR/USD Forecast August 10, 2016, Technical Analysis
The EUR/USD pair initially tried to fall during the day on Tuesday but found enough support to turn things back around and form a slightly positive candle. However, this is a market for me that is very...
AUD/USD Forecast August 10, 2016, Technical Analysis
The AUD/USD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level. With this being the...
GBPUSD Support Turned Resistance (Aug 10, 2016)
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement...
USD/JPY Forecast August 9, 2016, Technical Analysis
The USD/JPY pair rallied during the course of the session on Monday, and as a result I believe it is only a matter time before the buyers return and give us an opportunity to gain from the...
USD/CAD Forecast August 9, 2016, Technical Analysis
The USD/CAD pair fell slightly during the course of the session on Monday, but as you can see did find a little bit of support just below. Ultimately, this is a market that should find buyers getting...
GBP/USD Forecast August 9, 2016, Technical Analysis
The GBP/USD pair did very little during the day on Monday, forming a slightly negative candle. We are currently sitting just above the 1.30 level, an area that is massively supportive. I think the support extends all...