AUDUSD Forecast July 29, 2014, Technical Analysis
The AUDUSD pair initially fell during the course of the day on Monday, but as you can see found enough support below to turn things back around and form a nice-looking hammer.
ETF
GBPUSD Forecast July 29, 2014, Technical Analysis
The GBPUSD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down.
EURUSD Forecast July 28, 2014, Technical Analysis
The EURUSD pair fell again during the session on Friday, breaking the bottom of the candle from the Thursday session, showing us that the market should continue to go lower.
GBPUSD Daily Analysis – July 28, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190.
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.
Gold Remains Heavily Bearish On The Daily Chart
Gold futures sold off sharply once again yesterday, with the precious metal plunging through the $1300 per ounce level, to close the trading session for the December contract with a wide spread down candle shedding $14 per ounce on the day.
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.
GBPUSD Forecast July 25, 2014, Technical Analysis
The GBPUSD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite ready to be sold yet. In fact, we would be more than willing to buy a supportive candle in this region as it should send the market back to the 1.72 region.