EURUSD Forecast January 17, 2017, Technical Analysis
The EUR rallied during the day on Monday, but found enough resistance at the 50-day exponential moving average to turn around and form a less than spectacular candle.
Currencies
AUDUSD Forecast January 17, 2017, Technical Analysis
The AUDUSD pair had a volatile session on Monday, reaching towards the 0.75 level above.
USDCAD Forecast December 14, 2016, Technical Analysis
The USDCAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line.
AUDUSD Rising Wedge Dec 14, 2016
AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level.
GBPUSD Forecast December 13, 2016, Technical Analysis
The GBPUSD pair rallied on Monday, as the US dollar softened a bit overall.The 1.27 level above could be resistive yet again, but I think the real massive “ceiling” in this market is closer to the 1.2850 level above.
AUDUSD Forecast December 13, 2016, Technical Analysis
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
EURUSD Forecast December 5, 2016, Technical Analysis
The EURUSD pair fell slightly but then turned back around to form a hammer.
AUDUSD Forecast December 5, 2016, Technical Analysis
The AUDUSD pair fell slightly during the session on Friday, but found enough support near the 0.74 level to bounce and test the 0.7450 level again. We found resistance there, as we have in the past, so now it looks very choppy to say the least.
It Is All About OPEC Today
For obvious reasons, all the focus is on the OPEC meeting. As we pointed out the possibility yesterday, oil prices have bounced back very strongly today on renewed hopes that oil ministers will, after all, be able to hammer out a deal later on to limit crude production.
India’s ‘Day Of Rage’
Indian (EPI, quote) opposition parties organize nationwide protests against the government’s ban on two major currency notes.