AUDUSD Daily Analysis – March 12, 2014
AUDUSD’s fall from 0.9133 extended to as low as 0.8946. Deeper decline would likely be seen, and the target would be at the lower line of the price channel on 4-hour chart. Key support is at 0.8890,...
Category: Short Term Forex Analysis
GBPUSD Daily Analysis – March 12, 2014
GBPUSD’s downward movement from 1.6785 extended to as low as 1.6596. Deeper decline would likely be seen in a couple of days, and the target would be at 1.6500 area. Resistance is at 1.6710, only break above...
EURUSD Daily Analysis – March 12, 2014
EURUSD remains in uptrend from 1.3477, the fall from 1.3914 could be treated as consolidation of the uptrend. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support...
USDCAD Daily Analysis – March 11, 2014
USDCAD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.1192 had completed at 1.0955 already. Further rise to test 1.1192 resistance would likely be seen, a break above this level will...
USDCHF Daily Analysis – March 11, 2014
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081. The downward movement could be expected to continue after a minor consolidation, and next target would be at 0.8700 area. Only...
USDJPY Daily Analysis – March 11, 2014
USDJPY is in consolidation of the uptrend from 101.20, range trading between 102.60 and 103.76 is possible in a couple of days. As long as 102.60 support holds, the uptrend could be expected to resume, and next...
AUDUSD Daily Analysis – March 11, 2014
AUDUSD remains in uptrend from 0.8890, the fall from 0.9133 is likely correction of the uptrend. Support is at 0.9000, as long as this level holds, the uptrend could be expected to resume, and next target would...
GBPUSD Daily Analysis – March 11, 2014
GBPUSD broke below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.6582 had completed at 1.6785 already. Deeper decline could be expected in a couple of days, and the target would be...
EURUSD Daily Analysis – March 11, 2014
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3477. The uptrend could be expected to continue after a minor consolidation, and next target would be at 1.4000 area. Initial support...
USDCAD Daily Analysis – March 10, 2014
USDCAD is testing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.1192 could be expected to resume, and one more fall to 1.0900 area...