Daily Technical Analysis

Thursday, 09 August 2018

USD Daily Forecast - 09 August

The Fed left rates unchanged last week, upgrading its view on the economy from “stable” to “strong.” It also reiterated its plans to raise rates two more times in 2018. Put simply, this was a notably hawkish Fed meeting. Which is why…

Wednesday, 08 August 2018

Daily Technical Analysis

NZD/USD Daily Forecast - 08 August

Falling in the awkward post-US, pre-Asian session, the Reserve Bank of New Zealand delivers its quarterly monetary policy statement Wednesday evening (21:00 GMT). While the release is functionally equivalent to the Fed’s “live” quarterly meetings when it delivers updated assessments on the…

Tuesday, 07 August 2018

Daily Technical Analysis

EUR/USD Daily Forecast - 07 August

The EUR/USD daily Forex chart is reversing up from a double bottom with the June 28 low. Both bottoms are above the June 21 bottom of the bull trend reversal. Therefore, this is a double bottom higher low major trend reversal attempt.…

Monday, 06 August 2018

Daily Technical Analysis

EUR/USD Daily Forecast - 6 August

The EUR/USD pair continues the bounce around just below the 1.16 level, and Friday provided no more clarity. All things being equal, I suspect that we could go down to the 1.15 handle, but it may take a certain amount…

Monday, 06 August 2018

Daily Technical Analysis

GBP/USD Daily Forecast - 6 August

The British pound has tested the 1.30 level, an area of significant support on longer-term charts. By doing so, I think it’s found a bit of a short-term bottom, and we could see a bit of a bounce from here.…

Monday, 06 August 2018

Daily Technical Analysis

AUD/USD Daily Forecast - 6 August

The Australian dollar has rallied significantly during trading on Friday after the jobs number came out, slamming into the 0.74 handle. However, after the number came out the markets went dead quiet. At this point, it looks as if the…

Saturday, 28 July 2018

Daily Technical Analysis

EUR/USD Daily Forecast - 30 July

The Euro has continued the fall that it started on Wednesday, reaching down towards the 1.1625 level. Ultimately, I believe that the 1.16 level also be supportive and I also recognize that there is an even more rigid “floor” near…

Saturday, 28 July 2018

Daily Technical Analysis

GBP/USD Daily Forecast - 30 July

The British pound has drifted a bit lower during the trading session on Friday, reaching below the 1.31 handle. However, I think there is plenty of support below at the 1.30 level to keep the market afloat. I believe that…

Saturday, 28 July 2018

Daily Technical Analysis

AUD/USD Daily Forecast - 30 July

The Australian dollar continues to be very noisy as we see a lot of volatility in the currency markets overall. I believe that the market will continue to be difficult to navigate at times, but the most important thing to…

Tuesday, 17 July 2018

Daily Technical Analysis

EUR/USD Daily Forecast - 17 July

The EUR/USD pair has initially rallied during the trading session on Monday, reaching towards 1.1725 level. We did see a bit of a pushback at that point, as there was a significant amount of money flowing into the market to the…

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