EURUSD Daily Analysis – January 16, 2014
EURUSD’s fall from 1.3699 extended to as low as 1.3581. As long as 1.3548 key support holds, the fall could be treated as correction of the uptrend from 1.3548, one more rise to 1.3800 area is still...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – January 15, 2014
After consolidation, USDCAD continues its upward movement from 1.0588, and the rise extends to as high as 1.0977. Further rise could be expected in a couple of days, and next target would be at 1.1100 area. Support...
USDCHF Daily Analysis – January 15, 2014
USDCHF remains in downtrend from 0.9126, the rise from 0.8986 could be treated as consolidation of the downtrend. As long as 0.9126 key resistance holds, the downtrend could be expected to resume, and next target would be...
USDJPY Daily Analysis – January 15, 2014
USDJPY bounced strongly from 102.85, indicating that the pair remains in uptrend from 96.57 (Oct 8, 2013 low), and the price action from 105.44 would possibly be consolidation of the uptrend. Further rise to test 105.44 resistance...
AUDUSD Daily Analysis – January 15, 2014
AUDUSD broke below 0.8940 support, suggesting that the upward movement from 0.8820 had completed at 0.9085 already. Further decline to test 0.8820 support could be expected, a breakdown below this level will signal resumption of the longer...
GBPUSD Daily Analysis – January 15, 2014
GBPUSD failed to break below 1.6337 key support and stayed in the upward price channel on 4-hour chart, suggesting that the pair remains in uptrend from 1.5854 (Nov 12, 2013 low), and the fall from 1.6593 could...
EURUSD Daily Analysis – January 15, 2014
EURUSD remains in uptrend from 1.3548, the fall from 1.3699 would possibly be correction of the uptrend. As long as 1.3548 key support holds, another rise could be expected, and next target would be at 1.3800 area....
USDCAD Daily Analysis – January 14, 2014
USDCAD remains in uptrend from 1.0588, the fall from 1.0945 could be treated as consolidation of the uptrend. Range trading between 1.0800 and 1.0945 would likely be seen in a couple of days. Key support is at...
USDCHF Daily Analysis – January 14, 2014
USDCHF’s downward movement from 0.9126 extended to as low as 0.8986. Further decline could be expected in a couple of days, and next target would be at 0.8900 area. Resistance is now at 0.9050, only break above...
USDJPY Daily Analysis – January 14, 2014
USDJPY is now in downtrend from 105.44. Further decline could be expected, and next target would be at 101.50 area. Resistance is at 104.20, followed by 105.44, only break above these levels could trigger another rise towards...