GBPUSD Daily Analysis – May 8, 2017
GBPUSD stays in the ascending price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be...
Month: May 2017
EURUSD Daily Analysis – May 8, 2017
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1021. Support level is now at 1.0874, as long as this level holds, the bullish movement could be expected to continue and next target would be at...
USD/JPY Forecast May 8, 2017, Technical Analysis
The USD/JPY pair had a very volatile session during Friday’s trading, as it course was the jobs number. Ultimately, the market looks as if it wants to go higher, and that of course is a good sign...
USD/CAD Forecast May 8, 2017, Technical Analysis
The USD/CAD pair broke down significantly during the day on Friday after initially tried to rally. The 1.38 level offered far too much in the way of resistance, and that being the case it’s likely that this...
GBP/USD Forecast May 8, 2017, Technical Analysis
The British pound rallied during the day on Friday, and even broke above the 1.2950 level. It now looks as if we are going to try to reach the 1.30 handle above, as this was a significant...
EUR/USD Forecast May 8, 2017, Technical Analysis
The EUR/USD pair had a very volatile session during the Friday trading hours, as the jobs number in the United States surprised to the upside. In a sense, we already have this move happen during the Thursday...
AUD/USD Forecast May 8, 2017, Technical Analysis
The AUD/USD pair rallied after initially falling during the day on Friday. Ultimately, this essentially formed a bit of a hammer and that suggests to me that the market may bounce a bit from here. However, there...
USDCAD Weekly Analysis – May 6, 2017
USDCAD’s upward movement from 1.2968 extended to as high as 1.3793. Further rise could be expected and next target would be at 1.4000 area. Support is at 1.3570, only a breakdown below this level will indicate that...
USDJPY Weekly Analysis – May 6, 2017
USDJPY is facing the resistance of descending price channel on daily chart. As long as the channel resistance holds, the rise from 108.13 could be treated as consolidation of the downtrend from 118.66, and another fall towards...
AUDUSD Weekly Analysis – May 6, 2017
AUDUSD moved below a descending trend line on daily chart and remains in downtrend from 0.7749. As long as the pair is below the trend line, the downward movement could be expected to continue, and next target...