AUDUSD Forecast July 23, 2015, Technical Analysis
The AUDUSD pair fell during the day on Wednesday, testing the 0.7350 level again.
Strategies
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.
EURUSD Correction Setup July 22, 2015
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance, which could allow the downtrend to resume.
Gold Crushed
Despite being bearish on gold (GLD, quote) for so long, and sounding to many gold (IAU, quote) traders and investors like a old recording stuck in a groove,
China’s Economy Is Growing, So Why Are Markets Struggling?
This week, China (FXI, quote) released data showing that the nation’s economic growth was steady at 7 percent in the second quarter, surprising analysts who were expecting the figures to be weaker.
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.
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.