USDCAD Reversal Formation (August 27, 2014)
USDCAD seems to be exhausted from ts recent climb, as a reversal chart pattern can be seen on its 4-hour time frame. The pair is forming a double top after failing to break past the 1.1000 major...
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USD/JPY Forecast August 27, 2014, Technical Analysis
The USD/JPY pair initially fell during the day on Tuesday, but found enough support to turn things back around and form a nice-looking hammer. This is the second hammer in a row on the daily chart, so...
USD/CAD Forecast August 27, 2014, Technical Analysis
The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways...
GBP/USD Forecast August 27, 2014, Technical Analysis
The GBP/USD pair initially went higher during the course of the day on Tuesday, only to find the 1.66 level a bit too resistive to continue the move higher. With that, we have formed to shooting stars...
EUR/USD Forecast August 27, 2014, Technical Analysis
The EUR/USD pair tried to rally initially during the day on Tuesday, but as you can see the 1.32 area has offered resistance again. With that being the case, the market seems like it’s ready to continue...
AUD/USD Forecast August 27, 2014, Technical Analysis
The AUD/USD pair tried to go higher during the course of the day on Tuesday, and did gain a bit. However, you can see that we continue to hang about the 0.93 level, as the consolidation area...
USDCAD Daily Analysis – August 27, 2014
USDCAD broke below 1.0925 support, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline to 1.0880 area is possible. Key support is at 1.0860, only break below this level could...
USDCHF Daily Analysis – August 27, 2014
USDCHF’s upward movement from 0.8997 extended to as high as 0.9184. Further rise could be expected, and next target would be at 0.9400 area. Support is now at 0.9135, only break below this level could signal completion...
USDJPY Daily Analysis – August 27, 2014
No changed in our view, USDJPY remains in uptrend from 101.50, the fall from 104.26 is likely consolidation of the uptrend. Support is at 103.50, as long as this level holds, the uptrend could be expected to...
AUDUSD Daily Analysis – August 27, 2014
AUDUSD moved sideways in a trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1 high), another...