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Published on Sep 15, 2016
The
EUR/USD pair went back and forth during the course of the day on
Thursday, showing quite a bit of volatility. At the end of the day
though, we essentially decided nothing and therefore I believe at this
point in time the market is still probably one that your best to leave
alone. Because of this, it’s likely that I will be on the sidelines for
quite a while, but it impulsive candle could change my opinion. At this
point, it seems like we are basically hugging the 1.1250 level, and
therefore I think that altar short-term traders might be able to buy and
sell if we get a little bit too far from that level, but at this point
in time I still believe that there are easier currency pairs out there
to trade.
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USD/JPY and AUD/USD Forecast September 16, 2016
DailyForex
Published on Sep 15, 2016
The
USD/JPY pair fell during the day on Thursday, breaking the bottom of
the shooting star from the Wednesday session. This of course is a
negative sign, but at this point in time it looks as if the 101 level is
going to offer a little bit of support. If we can break down below
there, the market should then reach to the 100 handle, which I believe
is essentially the “floor” in this market right now. Ultimately, if we
see some type of supportive candle just below would more than likely
send buyers back into this marketplace and we could grind our way
towards the 105 handle. With the Bank of Japan underneath looking to
keep this pair going higher, I have noticed whatsoever in selling and
realize that sooner or later the buyers will return.
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