August 31, 2014

Forex Forecast for Monday (2014.9.1)

Today, we're looking at upward pressure on the USDCHF with downward pressure on the EURUSD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9161 to 0.9195

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3115 to 1.3163

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August 28, 2014

Forex Forecast for Friday (2014.8.29)

We're seeing bullish price action on AUDUSD and bearish price action on USDJPY.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9353 to 0.9383

Bearish: USDJPY (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 103.47 to 103.74

August 27, 2014

Forex Forecast for Thursday (2014.8.28)

We've seen strong capital flows into AUDUSD and out of USDCAD.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9326 to 0.9363

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0798 to 1.0892

August 26, 2014

Forex Forecast for Wednesday (2014.8.27)

We're seeing bullish price action on USDCHF and bearish price action on USDCAD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9159 to 0.9191

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0927 to 1.0969

August 25, 2014

Forex Forecast for Tuesday (2014.8.26)

We've seen strong capital flows into GBPUSD and out of USDCHF.

Bullish: GBPUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.6567 to 1.6613

Bearish: USDCHF (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 0.9133 to 0.9160

August 24, 2014

Forex Forecast for Monday (2014.8.25)

For today's forecast, we're looking bullish on USDCHF and bearish on EURUSD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9128 to 0.9166

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3203 to 1.3258

August 22, 2014

Another Profitable Week for FX Traders

We closed off yet another week with our algorithm's Thursday projection on the Aussie and Loonie hitting the real weekly close on interbank price feeds. There were plenty of opportunities to take profits on intraday swings, not only on Friday but throughout this week of volatility in the Forex markets.

It's the kind of trading conditions that professional traders have been waiting months for.

August 21, 2014

Forex Forecast for Friday (2014.8.22)

For today's forecast, we're looking bullish on AUDUSD and bearish on USDCAD.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9272 to 0.9329

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0928 to 1.0963

August 20, 2014

Forex Forecast for Thursday (2014.8.21)

We've seen strong capital flows into USDJPY and out of EURUSD.

Bullish: USDJPY (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 103.37 to 104.07

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3239 to 1.3289

August 19, 2014

Forex Forecast for Wednesday (2014.8.20)

We're seeing bullish price action on USDCAD and bearish price action on GBPUSD.

Bullish: USDCAD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.0917 to 1.0964

Bearish: GBPUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.6583 to 1.6669

August 18, 2014

Forex Forecast for Tuesday (2014.8.19)

In today's Forex Forecast, we're seeing strength on USDCHF and weakness on EURUSD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9045 to 0.9081

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3342 to 1.3376

August 17, 2014

Forex Forecast for Monday (2014.8.18)

In today's Forex Forecast, we're seeing strength on EURUSD and weakness on USDCHF.

Bullish: EURUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.3385 to 1.3424

Bearish: USDCHF (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 0.9006 to 0.9044

August 15, 2014

Forex Weekend Update for Aug 16-17th

Our algo closed the week with a 2-for-2 day on the Loonie and Aussie both ending the US session inside of the projected range. The daily price action was also right on the mark as the Loonie also broke a lower low and held a lower high while the Aussie broke a higher high and held a higher low.

August 14, 2014

Forex Forecast for Friday (2014.8.15)

In today's Forex Forecast, we're seeing strength on AUDUSD and weakness on USDCAD.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9304 to 0.9338

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0879 to 1.0904

August 13, 2014

Forex Forecast for Thursday (2014.8.14)

We've seen strong capital flows into AUDUSD and out of GBPUSD.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9291 to 0.9332

Bearish: GBPUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.6647 to 1.6765

August 12, 2014

Forex Forecast for Wednesday (2014.8.13)

In today's Forex Forecast, we're seeing strength on GBPUSD and weakness on EURUSD.

Bullish: GBPUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.6786 to 1.6829

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3324 to 1.3361

August 11, 2014

Forex Forecast for Tuesday (2014.8.12)

For today's forecast, we're looking bullish on USDCHF and bearish on USDCAD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9061 to 0.9070

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0904 to 1.0948

August 10, 2014

Forex Forecast for Monday (2014.8.11)

Today's bullish pair is the USDCAD and the bearish pair of the day is the USDCHF.

Bullish: USDCAD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.0946 to 1.1001

Bearish: USDCHF (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 0.9017 to 0.9065

August 8, 2014

FX Helpline Weekend Update for August 9th-10th

We hope everyone had a great and profitable week of trading this week in these turbulent times of 19th century style political tensions. Looking at the half-full end of the cup, it's good to be reminded by politicians that humanity's inability to change over the centuries also means that the same irrationality and self-destructive stupidity will continue to provide market inefficiencies to give us new trading opportunities. There's nothing we can do to stop idiocy but at least we can take some profits off the table to feed our families in the meantime.

August 7, 2014

Forex Forecast for Friday (2014.8.8)

There looks to be strength on the USDCHF with weakness on the AUDUSD.

Bullish: USDCHF (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9085 to 0.9114

Bearish: AUDUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 0.9235 to 0.9308

August 6, 2014

Forex Forecast for Thursday (2014.8.7)

Today, we're looking at upward pressure on the AUDUSD with downward pressure on the USDJPY.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9333 to 0.9394

Bearish: USDJPY (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 101.57 to 102.21

August 5, 2014

Forex Forecast for Wednesday (2014.8.6)

There looks to be strength on the USDCAD with weakness on the EURUSD.

Bullish: USDCAD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.0940 to 1.0993

Bearish: EURUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.3342 to 1.3391

August 4, 2014

Forex Forecast for Tuesday (2014.8.5)

There looks to be strength on the AUDUSD with weakness on the USDCAD.

Bullish: AUDUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 0.9321 to 0.9343

Bearish: USDCAD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.0898 to 1.0919

August 3, 2014

Forex Forecast for Monday (2014.8.4)

Today's bullish pair is the EURUSD and the bearish pair of the day is the GBPUSD.

Bullish: EURUSD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.3411 to 1.3460

Bearish: GBPUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.6781 to 1.6848

August 1, 2014

FX Helpline Weekend Update for August 2nd-3rd

We ended another week with our algo accurately predicting the Loonie's price action. The USD/CAD held a higher low and broke a higher high for the day, as predicted by our system after yesterday's NY session, and closed for the weekend right inside the projected close range.