AUD/USD Forecast December 19, 2016, Technical Analysis
The AUD/USD pair broke down on Friday, making a fresh, new low. The 0.73 level is broken, and as a result it looks like we are going to continue to go lower. Any short-term rally at this...
Month: December 2016
From Unloved & Unwanted to George Washington on Steroids: The U.S. Dollar Chart of the Day
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USDCAD Weekly Analysis – December 18, 2016
USDCAD failed to break below the bottom of the price channel on daily chart, indicating that the pair remains in uptrend from 1.2460. As long as the channel support holds, the uptrend could be expected to continue,...
USDJPY Weekly Analysis – December 18, 2016
USDJPY continued its upward movement from 101.18 and the rise extended to as high as 118.66. Support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would...
AUDUSD Weekly Analysis – December 18, 2016
AUDUSD broke below 0.7310 support and continued its downward movement from 0.7778. Further decline could be expected over the next several weeks, and next target would be at 0.6900 area. Resistance is now at 0.7524, only break...
GBPUSD Weekly Analysis – December 18, 2016
GBPUSD broke below the upward trend line on daily chart, indicate that the uptrend from 1.1946 had completed at 1.2774 already. Deeper decline to test 1.1946 support would likely be seen in a couple of weeks, a...
EURUSD Weekly Analysis – December 18, 2016
EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be...
USD/JPY Forecast December 16, 2016, Technical Analysis
The USD/JPY pair rallied again on Thursday as we continue to see US dollar strength in general. The 115 level should now be massively supportive, and essentially the “floor” in this market. A pullback should find plenty...
USD/CAD Forecast December 16, 2016, Technical Analysis
The USD/CAD pair rallied on Thursday, as we continue to see quite a bit of bullish pressure in this market. The 1.34 level of course is a large, round, psychologically significant number, but I believe that the...
GBP/USD Forecast December 16, 2016, Technical Analysis
The GBP/USD pair broke down below a trend line during the session on Thursday, slicing through the 1.25 level. If we can continue to go lower, and I think we will, we should reach towards the 1.23...