AUD/USD Forecast March 13, 2015, technical analysis
The AUD/USD pair broke out to the upside during the session on Thursday, but as you can see is still very much so in a downtrend. Because of this, we feel that simply waiting for a resistive...
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USDCAD Daily Analysis – March 13, 2015
USDCAD remains in uptrend from 1.2406, the fall from 1.2797 is likely consolidation of the uptrend. Support is at 1.2600, as long as this level holds, the uptrend could be expected to continue, and next target would...
USDJPY Daily Analysis – March 13, 2015
USDJPY failed to break below the upward trend line on 4-hour chart, indicating that the pair remains in uptrend from 118.23, the fall from 122.02 could be treated as consolidation of the uptrend. As long as the...
AUDUSD Daily Analysis – March 13, 2015
AUDUSD broke above 0.7700 resistance, indicating that the downward movement from 0.7912 had completed at 0.7560 already. Further rise could be expected, and the target would be at 0.7850 area. Support is at 0.7560, only break below...
GBPUSD Daily Analysis – March 13, 2015
GBPUSD’s downward movement from 1.5551 extended to as low as 1.4849. Resistance is now at 1.5050, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.4500 area....
EURUSD Daily Analysis – March 13, 2015
EURUSD remains in downtrend from 1.1450, the rise from 1.0494 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would...
AUDUSD Forex Correction (Mar 13, 2015)
AUDUSD has recently made a strong drop below a key support level near the .7750 minor psychological mark. After that, price reached the .7750 minor psychological handle before making a retracement. Price is waiting at the 38.2%...
USD/JPY Forecast March 12, 2015, technical analysis
The USD/JPY pair went back and forth during the course of the session on Wednesday, essentially proving nothing. The one thing that we do notice though is the fact that the market didn’t break down after breaking...
USD/CAD Forecast March 12, 2015, technical analysis
The USD/CAD pair broke out to the upside during the session on Wednesday, testing the 1.28 handle. We have had our target of 1.30 in place for some time now, and we still believe the pullbacks will...
GBP/USD Forecast March 12, 2015, technical analysis
The GBP/USD pair broke down during the course of the day on Wednesday, slicing through the 1.50 level finally. This is a massive support level on the longer-term charts, and of course a large, round, psychologically significant...