GBPUSD Analysis – November 9, 2013
GBPUSD stays in a trading range between 1.5894 and 1.6259. Key support is at 1.5894, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813,...
Author: ForexCycle.com
EURUSD Analysis – November 9, 2013
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 1.2756 had completed at 1.3832 already. Deeper decline would likely be seen, and next target would be at 1.3150...
USD/JPY Forecast November 11, 2013, Technical Analysis
The USD/JPY pair rose during the session on Friday after the nonfarm payroll numbers in America came out much stronger than anticipated. This of course means that the Federal Reserve is probably just a little bit closer...
USDCAD Analysis – November 3, 2013
USDCAD is facing the resistance of the downward trend line on daily chart, as long as the trend line resistance holds, the rise from 1.0182 could be treated as consolidation of the downtrend from 1.0608, one more...
USDCHF Analysis – November 3, 2013
USDCHF remains in downtrend from 0.9838, the rise from 0.8890 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the price channel on daily chart, as long as the channel...
USDJPY Analysis – November 3, 2013
USDJPY continues its sideways movement in a trading range between 93.79 and 103.73. As long as 93.79 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct...
AUDUSD Analysis – November 3, 2013
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.8847 had completed at 0.9756 already. The pair is now in downtrend, further decline would likely be seen, and...
GBPUSD Analysis – November 3, 2013
GBPUSD is facing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813, one more rise towards 1.6500 is still possible.
EURUSD Analysis – November 3, 2013
EURUSD remains in uptrend from 1.2756, the fall from 1.3832 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support holds,...
USDCAD Analysis – October 27, 2013
USDCAD’s rise from 1.0182 extends to as high as 1.0460. Resistance located at the downward trend line on daily chart, as long as the trend line resistance holds, the rise could be treated at consolidation of the...