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Published on Sep 22, 2016
The
EUR/USD pair initially rallied during the session on Thursday, and then
found resistance to turn the thing back around. The market has been
making lower highs over the longer term, so I believe that we are
eventually going to build up enough momentum to finally break down below
the 1.1150 level. Once we do, I am a seller and I think that the market
then reaches down towards the 1.10 level below. I have no interest in
buying rallies, as we continue to see bearish pressure again and again.
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USD/JPY and AUD/USD Forecast September 23, 2016
DailyForex
Published on Sep 22, 2016
The
US dollar bounced off of the 100 level against the Japanese yen during
the session on Thursday, as this area continues to be a bit of a “line
in the sand” when it comes to the Bank of Japan. With that being the
case, I feel that the market is going to continue to grind higher from
here, but the key word here will be “grind”, as it is a very choppy
market, and it appears that we are trying to change the overall trend.
The Bank of Japan will get what it wants, but is going to take quite
some time. With that being the case, I believe that you can either
buying this pair for short-term moves higher, or perhaps think of it
more or less as an investment and just simply hang onto this market for
some time.
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