GBP/JPY Trend Line Bounce (October 14, 2013)
GBP/JPY is still on a steady uptrend on its longer-term time frame, despite the selloff seen in the past few weeks. The pair has just bounced off the rising trend line on the daily time frame after...
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USDCAD Analysis – October 13, 2013
USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely correction of the downtrend. Another fall towards 1.0000 would likely be seen after correction, and a breakdown below 1.0270 support could signal resumption of the...
USDCHF Analysis – October 13, 2013
USDCHF remains in downtrend from 0.9751, the rise from 0.8967 is treated as consolidation of the downtrend. Further rise to the upper line of the price channel to complete the consolidation would likely be seen over the...
USDJPY Analysis – October 13, 2013
USDJPY failed to break below 95.81 support, suggesting that lengthier sideways movement is underway. Key support is at 93.79, as long as this level holds, the price action from 103.73 is treated as consolidation of the uptrend...
AUDUSD Analysis – October 13, 2013
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 0.8847, then fall from 0.9526 is treated as consolidation of the uptrend. As long as the channel support holds, another rise towards...
GBPUSD Analysis – October 13, 2013
GBPUSD is facing the support of the upward trend line on daily chart, as long as the trend line support holds, the uptrend from 1.4813 could be expected to resume, and one more rise towards 1.6500 is...
EURUSD Analysis – October 13, 2013
EURUSD remains in uptrend from 1.2756, the fall from 1.3646 is treated as consolidation of the uptrend. Deeper decline to the lower line of the price channel to complete the consolidation would likely be seen over the...
USD/JPY Forecast October 14, 2013, Technical Analysis
The USD/JPY pair rose again for the session on Friday, stopping at the 98.53 level. This is the very bottom of the pennant that we had been trading in, so it’s interesting to see whether or not...
USD/CAD Forecast October 14, 2013, Technical Analysis
The USD/CAD pair fell hard during the session on Friday, smashing through the bottom of the hammer that had formed on Thursday. That turns that hammer into a bit of a “hanging man”, but in the end...
GBP/USD Forecast October 14, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Friday, but as you can see essentially went nowhere. What’s most interesting is that we are still underneath the 1.60 handle, an area that should be...