AUD/USD Forecast September 17, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but as you can see failed at the 0.93 area in order to form a shooting star for the day. Although having said that, we did gap higher...
Category:
USD/JPY Resistance Turned Support (September 16, 2013)
USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.
USDCAD Analysis – September 15, 2013
USDCAD’s downward movement from 1.0568 extended to as low as 1.0305. Further decline would likely be seen and next target would be at 1.0200 area. Resistance is at 1.0420, only break above this level could trigger another...
USDCHF Analysis – September 15, 2013
USDCHF remains in downtrend from 0.9751, the rise from 0.9147 is likely consolidation of the downtrend. Another fall to test 0.9130 support would likely be seen, a breakdown below this level will signal resumption of the downtrend.
USDJPY Analysis – September 15, 2013
USDJPY stayed in a trading range between 93.79 and 103.73 for several months. As long as 93.79 key support holds, the price action from 103.73 could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
AUDUSD Analysis – September 15, 2013
After touching 0.9344 resistance, AUDUSD pulled back from 0.9353, suggesting that lengthier consolidation of the downtrend from 1.0582 is underway. Range trading between 0.8847 and 0.9344 could be expected to continue in a couple of weeks.
GBPUSD Analysis – September 15, 2013
GBPUSD continues its upward movement from 1.4813 and the rise extends to as high as 1.5884. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...
EURUSD Analysis – September 15, 2013
EURUSD broke above 1.3250 resistance, suggesting that the uptrend from 1.2756 has resumed. Further rise would likely be seen and next target would be at 1.3500 area. Support is now at 1.3105, only break below this level...
USD/JPY Forecast September 13, 2013, Technical Analysis
The USD/JPY pair fell during most of the session on Thursday, but as you can see bounced in order to form a hammer that is situated right around the 99.50 level. Because of this, we think that...
USD/CAD Forecast September 13, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday as you can see, but still looks very weak overall. Because of this, we are not overly confident about buying this pair, and need to see a better...