EURUSD Forecast August 11, 2015, Technical Analysis
The EURUSD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level.
ETF
AUDUSD Inverse Head and Shoulders Aug 10, 2015
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200 SMA.
GBPUSD Triangle Breakout – Aug 7, 2015
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount.
EURUSD Forecast August 6, 2015, Technical Analysis
The EURUSD pair rose slightly during the course of the session on Wednesday, but quite frankly we are simply consolidating at the moment.
AUDUSD Forecast August 6, 2015, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Wednesday, essentially settling nothing.
EURUSD Forecast August 5, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the course of the session on Tuesday, but found the 1.10 level to be a bit too resistive.
EURUSD Forecast August 4, 2015, Technical Analysis
The EURUSD pair fell slightly during the course of the session on Monday, as we simply meandered below the 1.10 level.
AUDUSD Forecast August 4, 2015, Technical Analysis
During the session today, we will be hearing from the Reserve Bank of Australia.
EURUSD Forecast July 29, 2015, Technical Analysis
The EURUSD pair initially fell during the day on Tuesday, but found the 1.10 level to be supportive enough to turn the market back around.
AUDUSD Forecast July 29, 2015, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Tuesday, but still has plenty of noise just above, not to mention the fact that we have a ceiling at the 0.75 level at the moment.