AUDUSD Daily Analysis – August 29, 2014
AUDUSD is now in uptrend from 0.9237. Further rise is still possible after a minor consolidation, and the target would be at 0.9450 area. Support is at the upward trend line on 4-hour chart, only a clear...
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GBPUSD Daily Analysis – August 29, 2014
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.7190 could be expected to resume, and another fall towards 1.6400 is still...
EURUSD Daily Analysis – August 29, 2014
EURUSD is in consolidation of the downtrend from 1.3700 (Jul 1 high). Range trading between 1.3152 and 1.3300 would likely be seen in a couple of days. Resistance levels are at 1.3240 and 1.3300, as long as...
USD/JPY Forecast August 29, 2014, Technical Analysis
The USD/JPY pair initially fell during the day on Thursday, but found enough support near the 103.50 level to bounce and form a nice-looking hammer. Because of this, we feel that the market certainly will have buyers...
USD/CAD Forecast August 29, 2014, Technical Analysis
The USD/CAD pair fell during the day on Thursday, but as you can see bounced in order to form a bit of a hammer. With that being the case, it appears that the market may be trying...
GBP/USD Forecast August 29, 2014, Technical Analysis
The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market...
EUR/USD Forecast August 29, 2014, Technical Analysis
The EUR/USD pair tried to rally again during the session on Thursday, but yet again the 1.32 level has offered resistance, and therefore the market formed a shooting star again. The US dollar looks like its still...
AUD/USD Forecast August 29, 2014, Technical Analysis
The AUD/USD pair tried to break out during the day on Thursday, but struggled to get out of the consolidation area, forming a massive shooting star. The shooting star of course signifies that the bearish pressure is...
USDJPY Uptrend Reversal (August 28, 2014)
After rallying strongly last week, it appears that USDJPY could be in for a reversal as a head and shoulders pattern can be seen on its 1-hour forex chart. Price is currently testing the neckline of the...
USD/JPY Forecast August 28, 2014, Technical Analysis
The USD/JPY pair fell during the course of the day on Wednesday, testing the bottom of the hammer from the Tuesday session. Because of this, we feel that the market is probably going to grind in this...