GBPUSD Weekly Analysis – May 4, 2014
GBPUSD’s upward movement from 1.4813 (Jul 9, 2013 low) extended to as high as 1.6918. Near term support is located at the lower line of the price channel on daily chart, as long as the channel support...
Category: Long Term Forex Analysis
EURUSD Weekly Analysis – May 4, 2014
EURUSD stays in a trading range between 1.3672 and 1.3966. As long as 1.3672 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one...
USDCAD Weekly Analysis – April 27, 2014
USDCAD is in downtrend from 1.1278, the bounce from 1.0857 could be treated as consolidation of the downtrend. Near term resistance is at 1.1100, as long as this level holds, the downtrend could be expected to resume,...
USDCHF Weekly Analysis – April 27, 2014
USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751 (Jul 9, 2013 high). Resistance is located at the upper line of the channel, as long as the channel resistance holds,...
USDJPY Weekly Analysis – April 27, 2014
USDJPY is facing the 100.75 key support, a breakdown below this level will indicate that the downtrend from 105.44 has resumed, then deeper decline to 95.00 area could be seen. On the upside, as long as 100.75...
AUDUSD Weekly Analysis – April 27, 2014
AUDUSD is facing the support of the bottom of the price channel on daily chart. As long as the channel support holds, the fall from 0.9461 would possibly be consolidation of the uptrend from 0.8660, one more...
GBPUSD Weekly Analysis – April 27, 2014
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low). Near term support is located at the bottom of the channel, as long as the channel support...
EURUSD Weekly Analysis – April 27, 2014
EURUSD moved sideways in a range between 1.3672 and 1.3966. The price action in the range is likely consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). As long as 1.3672 support holds, the uptrend could...
USDCAD Weekly Analysis – April 20, 2014
USDCAD remains in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1100 and...
USDCHF Weekly Analysis – April 20, 2014
USDCHF remains in downtrend from 0.9751 (Jul 9, 2013 high), the price action from 0.8699 could be treated as consolidation of the downtrend. Range trading between 0.8699 and 0.8952 would likely be seen over the next several...