EURUSD Forecast January 17, 2017, Technical Analysis

The EUR rallied during the day on Monday, but found enough resistance at the 50-day exponential moving average to turn around and form a less than spectacular candle.

AUDUSD Forecast January 17, 2017, Technical Analysis

The AUDUSD pair had a volatile session on Monday, reaching towards the 0.75 level above.

USDCAD Forecast December 14, 2016, Technical Analysis

The USDCAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line.

AUDUSD Rising Wedge Dec 14, 2016

AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level.

GBPUSD Forecast December 13, 2016, Technical Analysis

The GBPUSD pair rallied on Monday, as the US dollar softened a bit overall.The 1.27 level above could be resistive yet again, but I think the real massive “ceiling” in this market is closer to the 1.2850 level above.

AUDUSD Forecast December 13, 2016, Technical Analysis

The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.

Crude Surges As non-OPEC Producers Agree Oil Output Cut

Crude oil prices surged a huge $3 dollars or 5% higher at the Asian open with Brent briefly trading north of $57 and WTI above $54 a barrel before pulling back slightly.

Another Bad Week As Gold Remains Under Pressure

The heavily bearish sentiment for gold continued to remain firmly in place once again last week, as the precious metal continues its stately progress ever lower, following the cataclysmic candle of the 9th November, when ultra high volume confirmed the heavy selling.

EURUSD Forecast December 5, 2016, Technical Analysis

The EURUSD pair fell slightly but then turned back around to form a hammer.

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.