GBPUSD Double Bottom Pattern (Mar 23, 2015)
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the...
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USDCAD Weekly Analysis – March 22, 2015
USDCAD failed to break above 1.2797 resistance, and stayed in the trading range between 1.2351 and 1.2797. Deeper decline to test the support of the upward trend line on daily chart could be seen, as long as...
USDJPY Weekly Analysis – March 22, 2015
After touching 121.84 resistance, USDJPY pulled back into the trading range between 115.56 and 121.84, indicating that lengthier consolidation for the uptrend from 101.06 (Jul 10, 2014 low) is underway. Deeper decline to 114.00 area to complete...
AUDUSD Weekly Analysis – March 22, 2015
AUDUSD moved sideways in a trading range between 0.7560 and 0.7912. Key resistance is at 0.8000, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1,...
GBPUSD Weekly Analysis – March 22, 2015
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4634 could be treated as consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart, as long...
EURUSD Weekly Analysis – March 22, 2015
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 is likely consolidation of the downtrend. Range trading between 1.0462 and 1.1200 is possible over the next several weeks. Key resistance is at...
USD/JPY Forecast March 23, 2015, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned back around to fall the way down to the hundred and 20 level. That being the case, the market looks...
USD/CAD Forecast March 23, 2015, Technical Analysis
The USD/CAD pair initially rallied during the course of the session on Friday, but turned back around to race back down towards the 1.25 handle. However, this is an area that features quite a bit of support,...
GBP/USD Forecast March 23, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, but remains below the 1.50 level. We think that there is enough resistance above that the market will more than likely continue to struggle...
EUR/USD Forecast March 23, 2015, Technical Analysis
The EUR/USD pair broke higher during the course of the session on Friday, closing above the 1.08 level. It looks like we are heading back to the 1.10 level given enough time, but we also recognize that...