3 Charts US Economists Want to Keep Secret
Despite new all-time highs in the stock market, US economic data is lagging. In fact, real GDP per person just dropped to its lowest level in more than 75 years! While major news outlets never miss a...
Month: August 2016
USDCAD Weekly Analysis – August 7, 2016
USDCAD is in short term uptrend from 1.2654. Further rise is still possible in a couple of weeks, and the target would be at 1.3300 – 1.3400 area. Support level is at 1.2800, a breakdown below this...
USDJPY Weekly Analysis – August 7, 2016
USDJPY remains in downtrend from 123.75 (Nov 18, 2015 high). Further decline could be expected after a minor consolidation, and next target would be at 95.00 area. Near term resistance is at the downward trend line on...
AUDUSD Weekly Analysis – August 7, 2016
AUDUSD remains in uptrend from 0.7144. Further rise could be expected in a couple of weeks, and next target would be at 0.8000 area. Near term support is at 0.7400, only break below this level could bring...
GBPUSD Weekly Analysis – August 7, 2016
GBPUSD continued its sideways movement in a range between 1.2795 and 1.3480. Resistance is at 1.3800, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2000 area.
EURUSD Weekly Analysis – August 7, 2016
EURUSD failed to break above the downward trend line on daily chart, indicating that the pair remains in downtrend from 1.1616. As long as the rend line resistance holds, the downtrend could be expected to continue, and...
USD/JPY Forecast August 5, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Thursday, as they continue to push this market back and forth. The 100 level below is massively supportive, and I believe that the...
USD/CAD Forecast August 5, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turned right back around to crash into the 1.30 handle. However, this is going to be a monumental day for this...
GBP/USD Forecast August 5, 2016, Technical Analysis
The GBP/USD pair fell significantly during the day on Thursday as we continue to consolidate overall. We have been testing the 1.30 level below for support, and the nonfarm payroll numbers coming out today could possibly be...
EUR/USD Forecast August 5, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Thursday, but found enough support to turn around and form a bit of a hammer. However, with the Nonfarm Payroll Numbers coming out during the...