USDCHF Analysis – August 3, 2013
USDCHF is facing 0.9130 support, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then next target would be at 0.8500 area.
Author: ForexCycle.com
USDJPY Analysis – August 3, 2013
USDJPY moves sideways in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support holds, the uptrend...
AUDUSD Analysis – August 3, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.8871. Further decline is still possible, and next target would be at 0.8500 area.
GBPUSD Analysis – August 3, 2013
GBPUSD remains in uptrend from 1.4813, the fall from 1.5433 is likely consolidation of the uptrend. Another rise to test 1.5751 resistance is still possible after consolidation.
EURUSD Analysis – August 3, 2013
EURUSD is testing 1.3415 resistance, a break above this level will indicate that the uptrend from 1.2042 (Jul 24, 2012 low) has resumed, then further rise towards 1.4500 could be seen.
AUD/USD Forecast August 1, 2013, Technical Analysis
The AUD/USD pair fell during the session on Wednesday, breaking below the 0.90 handle. That being the case, it does look like the Australian dollar is without a doubt on the back foot at the moment.
All Eyes on the Dollar, Euro and the Yen
Successful Forex traders know that it pays to stay abreast of the politics and economic policies of the countries whose currencies they’re interested in. Due to the financial upheavals and political instability across multiple nations over the...
USDCAD Analysis – July 27, 2013
USDCAD’s fall extends to as low as 1.0255. Further decline would likely be seen next week, and next target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion...
USDCHF Analysis – July 27, 2013
USDCHF’s fall from 0.9751 extends to as low as 0.9264. Further decline to test 0.9130 support could be expected next week, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then the...
USDJPY Analysis – July 27, 2013
USDJPY continues its sideways movement in a range between 93.79 and 103.73. Key support is at 93.79, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...