EURUSD Forecast December 5, 2016, Technical Analysis
The EURUSD pair fell slightly but then turned back around to form a hammer.
FOREX
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.
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USDJPY Short-Term Correction Nov 28, 2016
USDJPY is trending higher on its 1-hour chart, moving above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area, which lines up with the 61.8% Fibonacci retracement level and the 100 SMA dynamic inflection point.
USDCAD Reversal Signal Nov 22, 2016
USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal.
AUDUSD Forecast November 22, 2016, Technical Analysis
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session.
EURUSD Forecast November 8, 2016, Technical Analysis
The EURUSD pair fell significantly during the day on Monday as we got word that the FBI was not going to indict Hillary Clinton due to emails.
AUDUSD Forecast November 8, 2016, Technical Analysis
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
EURUSD Daily Analysis – November 7, 2016
EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway.
EURUSD Forecast November 3, 2016, Technical Analysis
The EURUSD pair continued to grind higher during the day on Wednesday, as fears over a switch in the expected outcome of the presidential election in the United States of course has have the US dollar falling.