AUDUSD Daily Analysis – April 16, 2014
AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to...
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GBPUSD Daily Analysis – April 16, 2014
After touching the lower line of the price channel on 4-hour chart, GBPUSD rebounded from 1.6660, indicating that the pair remains in uptrend from 1.6465. Another rise could be expected, and next target would be at 1.7000...
EURUSD Daily Analysis – April 16, 2014
EURUSD remains in uptrend from 1.3672, the fall from 1.3905 could be treated as consolidation of the uptrend. Range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at 1.3905, a break...
USD/JPY Forecast April 15, 2014, Technical Analysis
The USD/JPY pair rose during the session on Monday, bouncing off of the obvious support level near the 101.25 level. With that, we believe that the market continues to go higher, probably targeting the 103 level given...
USD/CAD Forecast April 15, 2014 Technical Analysis
The USD/CAD pair fell during the session on Monday, showing the 1.10 level to be resistive. With that, we are still bullish but we recognize that we need to get above the 1.10 level in order to...
GBP/USD Forecast April 15, 2014, Technical Analysis
The GBP/USD pair initially fell during the session on Monday, but bounced enough to form a hammer that is essentially centered on the 1.67 level. With that, we believe that the market continues to go higher. A...
EUR/USD Forecast April 15, 2014, Technical Analysis
The EUR/USD pair fell during the session on Monday, gapping lower as ECB members suggested that perhaps more monetary stimulus could come into play as the Euro is overvalued in their opinion. With that, we may end...
AUD/USD Forecast April 15, 2014, Technical Analysis
The AUD/USD pair rose during the session on Monday, continuing to show strength as we are above the 0.94 handle. We still believe that the 0.95 level is in fact going to be the target, but at...
USDCAD Daily Analysis – April 15, 2014
USDCAD is now in uptrend from 1.0857. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels could trigger another fall...
USDCHF Daily Analysis – April 15, 2014
USDCHF is facing 0.8805 resistance, a break above this level will signal completion of the downtrend from 0.8952, then range trading between 0.8743 and 0.8825 could be seen to follow. On the downside, as long as 0.8805...