EURUSD Forecast March 1, 2016, Technical Analysis
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
The EURUSD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again.
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
The EURUSD pair fell just a bit during the course of the session, testing the 1.10 level.
The AUDUSD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star.
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for another test of support.
EURUSD pair fell during the day on Thursday, as we drove lower and trying to reach down to the 1.1050 level.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough support just below to turn things back around and form a hammer.