AUDUSD Forecast July 23, 2015, Technical Analysis
The AUDUSD pair fell during the day on Wednesday, testing the 0.7350 level again.
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GBPUSD Forecast July 22, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Tuesday, showing a fairly neutral and benign candle.
AUDUSD Forecast July 22, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Tuesday, testing higher levels as we reach towards the 0.75 level.
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.
Gold Continues To Lose Its Shine
For gold investors and gold bugs, the current malaise in the price of gold is both relentless and remorseless with each minor rally promptly engulfed by a wave of heavy selling. As someone wrote a few weeks ago, gold bugs consider the market to be functioning correctly when the price of gold is rising, and incorrectly when the market is falling.
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.