USDCAD Weekly Analysis – July 8, 2017
USDCAD stays below a bearish trend line on its daily chart and remains in downtrend from 1.3793 and the price extended to as low as 1.2859. As long as the trend line resistance holds, the downtrend could...
Month: July 2017
USDJPY Weekly Analysis – July 8, 2017
USDJPY’s upward movement from 108.81 extended to as high as 114.17. Further rise to retest 115.50 resistance could be expected next week. Above this level will indicate that the long term uptrend from 98.97 (Jun 24, 2016...
AUDUSD Weekly Analysis – July 8, 2017
Under pressure by 0.7749 resistance, AUDUSD pulled back from 0.7712. However, as long as the price is above 0.7535 key support, the pullback could be treated as consolidation of the uptrend from 0.7328 and another rise towards...
GBPUSD Weekly Analysis – July 8, 2017
GBPUSD failed to break above 1.3047 resistance and pulled back from 1.3029, indicating that a short term top had been formed. Deeper decline would likely be seen in a couple of weeks and next target would be...
EURUSD Weekly Analysis – July 8, 2017
EURUSD stays above a bullish trend line on its daily chart and remains in uptrend from 1.0340. As long as the pair is above the trend line, the uptrend could be expected to continue. There is a...
USD/JPY Forecast July 10, 2017, Technical Analysis
The USD/JPY pair shot through the roof during the day on Friday as jobs numbers came out better than anticipated. We tested the 114 handle, which of course offers a certain amount of resistance. If we can...
USD/CAD Forecast July 10, 2017, Technical Analysis
The US dollar went sideways against the Canadian dollar initially during the Friday session, but as the jobs numbers came out for both countries, this created a bit of a vacuum in this currency pair. The US...
GBP/USD Forecast July 10, 2017, Technical Analysis
The GBP/USD pair initially went sideways during the day on Friday, but then collapsed as of the jobs number in America came out much stronger than anticipated. As I write this, we are currently just below the...
EUR/USD Forecast July 10, 2017, Technical Analysis
The EUR/USD pair went sideways initially on Friday, and then had a very volatile session as the jobs number in America came out much longer than anticipated. However, towards the end of the session it looks as...
AUD/USD Forecast July 10, 2017, Technical Analysis
The Australian dollar initially slid a bit at the open on Friday, but then bounced significantly towards the 0.76 handle. This is a market that continues to be very volatile, and of course choppy. Gold markets have...