GBPUSD Daily Analysis – May 6, 2014
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6918 is likely consolidation of the uptrend. As long as the channel support holds,...
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EURUSD Daily Analysis – May 6, 2014
EURUSD is facing 1.3905 resistance, a break above this level will indicate that the uptrend from 1.3672 has resumed, then next target would be at 1.4000 area. Support levels are at 1.3810 and 1.3775, only break below...
USD/JPY Forecast May 6, 2014, Technical Analysis
The USD/JPY pair fell initially during the session on Monday, but like most of the stock indices around the world, we found buyers towards the end of the day. The resulting candle is a hammer and it...
USD/CAD Forecast May 6, 2014, Technical Analysis
The USD/CAD pair fell during the session on Monday after initially trying to go higher, but at the end of the day we are still within a relatively tight consolidation range between 1.09 and 1.10 as we...
GBP/USD Forecast May 6, 2014, Technical Analysis
The GBP/USD pair fell slightly during the session on Monday, but found enough support at the 1.6850 level that the British pound essentially was unchanged by the time the session ended. There is a significant area of...
EUR/USD Forecast May 6, 2014, Technical Analysis
The EUR/USD pair did very little during the session on Monday as the markets were content to sit just below the 1.39 level. It is at that area of that we start to see significant resistance, so...
AUD/USD Forecast May 6, 2014, Technical Analysis
The AUD/USD pair did nothing during the session on Monday as we continue to hover above the 0.9250 handle. The Australian dollar has been relatively flat for several sessions now, and there is nothing on this chart...
NZD/USD Range Resistance Play (May 5, 2014)
NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though....
USDCAD Daily Analysis – May 5, 2014
USDCAD remains in downtrend from 1.1053, and the fall extended to as low as 1.0935. Resistance is now at 1.1004, as long as this level holds, the downtrend could be expected to continue, and next target would...
USDCHF Daily Analysis – May 5, 2014
USDCHF continued its sideways movement in a range between 0.8743 and 0.8861. As long as 0.8861 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.8952, a breakdown below 0.8743 support...