Forecasts & Analysis | Currencies
GBP/USD Weekly Price Forecast – Pound Continues to Find Support
The British pound rallied a bit during the week as we continue to test the 1.3750 level as support. There is a significant amount of support underneath as well.
GBP/JPY Weekly Price Forecast – British Pound Finds Support
The British pound broke down below the ¥150 level during the course of the week, but then turned around to form a bit of a hammer.
EUR/USD Weekly Price Forecast – The Euro Continues to Reach Towards the 1.20 Handle
The Euro rallied significantly during the course of the trading to reach towards the 1.20 handle again.
AUD/USD Weekly Price Forecast – Australian Dollar Explodes for the Week
The Australian dollar has exploded for the week, reaching to fill the previous, and now threatens the 0.78 handle.
U.S. Dollar Index (DX) Futures Technical Analysis – Be Careful Shorting into 91.555 – 91.100 Retracement Zone
The direction of the June U.S. Dollar Index on Friday is likely to be determined by trader reaction to 91.555.
USD/JPY Price Forecast – US Dollar Trying to Find Footing Against Yen
The US dollar went back and forth during the course of the trading session on Friday as we continue to look for some type of stability.
GBP/USD Price Forecast – The British Pound Continues to Form Base
The British pound initially fell rather hard during the trading session on Friday, and then turned around to form a somewhat positive candlestick.
GBP/JPY Price Forecast – British Pound Continues to Hang Around 150 Yen
The British pound has been back and forth during the trading session on Friday as we continue to see a lot of choppy behavior around the ¥150 level.
EUR/USD Price Forecast – Euro Continues to Flirt With 1.20
The Euro has rallied again during the course of the trading session on Friday, with the 1.20 level being significant resistance again.
AUD/USD Price Forecast – Australian Dollar Trying to Break Out
The Australian dollar has been back and forth during the course of the trading session on Friday, as we continue to stare down the 0.78 handle.