AUDUSD Ascending Triangle Setup (July 28, 2014)
AUDUSD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame.
Currency Trading
EURUSD Forecast July 25, 2014, Technical Analysis
The EURUSD pair went back and forth during the session on Thursday, essentially settling nothing as we printed a neutral candle.
USDCAD Forecast July 25, 2014, Technical Analysis
The USDCAD pair initially fell during the session on Thursday, but found enough support at the 1.07 region to turn things back around and form a hammer. Will we find particularly interesting about this market is that it seems so well supported, even as oil prices went so much higher during the day.
AUDUSD Forecast July 25, 2014, Technical Analysis
The AUDUSD pair tried to break out to the upside during the session on Thursday, but as you can see failed out the 0.9450 area, and as a result we turned back around to form a shooting star.
EURUSD Forecast July 24, 2014, Technical Analysis
The EURUSD pair initially tried to rally during the session on Wednesday, but as you can see turned back around and close towards the end of the day, forming a negative looking candle.
GBPUSD Forecast July 24, 2014, Technical Analysis
The GBPUSD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold off later in the day.
USDJPY Forecast July 23, 2014, Technical Analysis
The USDJPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star.
EURUSD Forecast July 23, 2014, Technical Analysis
The EURUSD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease.
GBPUSD Forecast July 23, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer.
AUDUSD Forecast July 23, 2014, Technical Analysis
The AUDUSD pair tried to rally during the session on Tuesday, and in fact did.