Forex Videos

Watch the latest analysis of the USD/JPY, AUD/USD Forex pairs for the upcoming August 27th session in this video. USD/JPY — For a second day in a row we formed a second hammer like candle as seen in the daily chart. It is infact in the middle of a supportive zone at the bottom of the massive consolidation. The Bank of Japan is below. So we like the fact that these candles are forming. A break of the highs has the market seeing the 79.50 or 80.00 levels. We won't neccessarily see an explosive move to the upside, but we will continue to bounce around in the near term. AUD/USD — Although it formed a little bit of a hammer the weekly candle is a shooting star which looks absolutely miserable. And on top of that we broke the trend line and stayed below it. This trend line has been keeping this market up since June and as such it looks like a potential brekdown. Weak economic numbers coming out of China should see this pair fall. If we break below the lows from Friday session, 1.03 level gives away and parity is more than likely where we aim.