USDCAD Double Bottom (Feb 13, 2018)
USDCAD could be in for a long-term reversal from its selloff as price has formed a double bottom on its daily time frame. The pair has yet to test the neckline around the 1.2950 minor psychological level,...
Month: February 2018
USD/JPY Price Forecast February 13, 2018, Technical Analysis
The US dollar has drifted slightly lower against the Japanese yen during the trading session on Monday, as we continue to see a bit of concerned from traders around the world. I think that this pair is...
USD/CAD Price Forecast February 13, 2018, Technical Analysis
The US dollar has rallied initially during the trading session on Monday against the Canadian dollar, as the oil markets continue to sell off. The oversupply of crude oil is going to become an issue, and I...
GBP/USD Price Forecast February 13, 2018, Technical Analysis
The British pound has rallied initially during trading on Monday, but as you can see has struggled after that. Ultimately though, I do think that there are buyers underneath, but we may need to pull back to...
EUR/USD Price Forecast February 13, 2018, Technical Analysis
The EUR/USD pair has pulled back slightly during the trading session on Monday, showing signs of grinding sideways overall. When you look at the last couple of days, we have been dancing around the 1.2250 level, which...
AUD/USD Price Forecast February 13, 2018, Technical Analysis
The Australian dollar has rallied a bit during the trading session on Monday, as it looks like value hunters are starting to return. Beyond that, Gold markets look a little bit bullion, so that should continue to...
USDCAD Daily Analysis – February 13, 2018
USDCAD remains in the uptrend from 1.2247, the pullback from 1.2688 is likely consolidation of the uptrend. Range trading between 1.2489 and 1.2688 is possible in a couple of days. As long as 1.2489 support holds, the...
USDJPY Daily Analysis – February 13, 2018
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.48. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
AUDUSD Daily Analysis – February 13, 2018
AUDUSD is in corrective consolidation for the downtrend from 1.8135. Further rally is still possible in a couple of days and next target would be at 0.7910, followed by 0.7970. Support levels are at 0.7800 and 0.7759,...
GBPUSD Daily Analysis – February 13, 2018
GBPUSD remains in the downtrend from 1.4345. Further decline is still possible after a minor consolidation and next target would be at 1.3670 area. Resistance levels are at 1.3900 and 1.4066, only break above these levels could...