GBP/USD Forecast May 2, 2014, Technical Analysis
The GBP/USD pair rose during much of the session on Thursday, but ran into a bit of trouble once we get above the 1.69 level. With that we feel that the market might pull back a little...
Month: May 2014
EUR/USD Forecast May 2, 2014, Technical Analysis
The EUR/USD pair tried to rally during the session on Thursday, but in the end the sellers came into play and push the market back down. The resulting candle of course was a shooting star, and then...
AUD/USD Forecast May 2, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Thursday, showing that the market is still continue to go sideways just above the 0.9250 level. With that, we feel that the market is simply taking...
AUD/CAD Short-Term Downtrend (May 1, 2014)
AUD/CAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support. The pair could now find resistance at the 38.2% to 50% Fib...
4 Critical Elements of High-Confidence Trading
What’s in a price chart? A lot! Plain and simple, price patterns help you spot high-confidence trading and investing opportunities. Yes, fundamentals have their place, but technical analysis — forecasting the market by looking for price patterns...
USDCAD Daily Analysis – May 1, 2014
USDCAD is now in downtrend from 1.1053. Further decline could be expected after a minor consolidation, and next target would be at 1.0900 area. Resistance is at 1.1000, only break above this level could trigger another rise...
USDCHF Daily Analysis – May 1, 2014
USDCHF failed to break above 0.8861 resistance and pulled back to 0.8791. Deeper decline to test 0.8743 key support is possible, a breakdown below this level will trigger another fall towards 0.8300. On the upside, a break...
USDJPY Daily Analysis – May 1, 2014
USDJPY remains in uptrend from 101.32, the price action from 102.72 could be treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 103.50 area. Support is at 101.96, only...
AUDUSD Daily Analysis – May 1, 2014
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already, then the following upward movement could bring price to 0.9550 – 0.9600 area. On the...
GBPUSD Daily Analysis – May 1, 2014
GBPUSD broke above 1.6857 resistance, and continued its upward movement from 1.6465. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, further rise could be...