USDCAD Bullish Continuation July 16, 2015
After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation.
FOREX
GBPUSD Forecast July 16, 2015, Technical Analysis
The GBPUSD pair initially fell during the course of the day on Wednesday, but found enough support below at the 1.56 level to turn things back around and form a nice-looking hammer.
USDJPY Forecast July 16, 2015, Technical Analysis
The USDJPY pair rose during the course of the session on Wednesday, breaking above the 1.3 .50 handle.
EURUSD Forecast July 16, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but found the area above the 1.10 level to be a bit too expensive.
AUDUSD Forecast July 16, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Wednesday, breaking to a fresh, new low.
EURUSD Forecast July 14, 2015, Technical Analysis
The EURUSD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of that there seems to be a lot of mistrust of the situation.
GBPUSD Forecast July 14, 2015, Technical Analysis
The GBPUSD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star.
AUDUSD Forecast July 14, 2015, Technical Analysis
The AUDUSD pair went back and forth during the day on Monday, as we continue to bounce around the 0.74 level.
EURUSD Forecast July 10, 2015, Technical Analysis
The EURUSD pair tried to rally initially during the session on Thursday, but turned back around and crashed into the 1.10 level, an area that has been supportive.
AUDUSD Forecast July 10, 2015, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Thursday, as the 0.75 level offered resistance.