AUDUSD Channel Resistance (Dec 11, 2014)
AUDUSD is moving up to test the channel resistance on its 4-hour time frame, as the top of the falling range lines up with the 200 simple moving average. This has acted as a dynamic inflection point...
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USDCHF Daily Analysis – December 11, 2014
USDCHF broke below 0.9646 support, indicating that the uptrend from 0.9531 had completed at 0.9817 already. Deeper decline would likely be seen, and the target would be at 0.9550 area. Resistance levels are at 0.9725 and 0.9817,...
USDJPY Daily Analysis – December 11, 2014
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121 .84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low), range trading between 117.23 and 121.84 would likely...
AUDUSD Daily Analysis – December 11, 2014
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Only...
GBPUSD Daily Analysis – December 11, 2014
GBPUSD’s rise from 1.5541 extended to as high as 1.5756. Range trading between 1.5541 and 1.5825 could be seen over the next several days. As long as 1.5825 resistance holds, the price action in the range could...
EURUSD Daily Analysis – December 11, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2599 had completed at 1.2247 already. Range trading between 1.2247 and 1.2599 would likely be seen over the next several days.
USD/JPY Forecast December 10, 2014, Technical Analysis
The USD/JPY pair fell during the course of the session on Tuesday, but bounced enough in order to turn things back around and form a hammer. The hammer of course suggests that the market is in fact...
USD/CAD Forecast December 10, 2014, Technical Analysis
USD/CAD pair fell during the bulk of the session on Tuesday, but found a little bit of support at the 1.14 level to turn things back around and form a slightly supportive looking candle. Ultimately though, we...
GBP/USD Forecast December 10, 2014, Technical Analysis
The GBP/USD pair initially broke higher during the course of the session on Tuesday, and as a result ran into significant resistance at the 1.57 level. That area of course turned the market back around, and as...
EUR/USD Forecast December 10, 2014, Technical Analysis
The EUR/USD pair broke higher during the course of the day on Tuesday, but turned back around and gave up about half of the gains. With that being said, the market looks as if it is one...