EURJPY Short-Term Range (Feb 2, 2015)
EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00. Price has just bounced off support at the bottom of the range and may be due...
Month: February 2015
USDCAD Daily Analysis – February 2, 2015
USDCAD remains in uptrend from 1.1803. Further rise could be expected after a minor consolidation, and next target would be at 1.2800 area. Support is at 1.2380, only break below this level could signal completion of the...
USDJPY Daily Analysis – February 2, 2015
USDJPY remains in uptrend from 115.85, the fall from 118.86 is likely consolidation of the uptrend. Further rise to test 120.82 resistance could be expected after consolidation, and a break of 118.86 resistance could signal resumption of...
AUDUSD Daily Analysis – February 2, 2015
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8294. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBPUSD Daily Analysis – February 2, 2015
GBPUSD moved sideways in a trading range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high),...
EURUSD Daily Analysis – February 2, 2015
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2569 (Dec 16, 2014 high). As long as the trend line resistance holds, the rise from 1.1097 could be treated as consolidation...