USDCAD Daily Analysis – March 4, 2015
USDCAD stayed in the trading range between 1.2352 and 1.2797. Key resistance is now at 1.2663, a break of this level will signal resumption of the long term uptrend from 1.1191 (Nov 21, 2014 low), then the...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – March 4, 2015
USDJPY failed to break above 120.47 resistance, indicating that the pair remains in downtrend from 120.47, and the rise from 118.23 could be treated as correction of the downtrend. Another fall to 116.50 area to complete the...
AUDUSD Daily Analysis – March 4, 2015
AUDUSD is now in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed. Then the following downward...
GBPUSD Daily Analysis – March 4, 2015
GBPUSD is now in downtrend from 1.5551. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and 1.5551, only break above these levels could...
EURUSD Daily Analysis – March 4, 2015
EURUSD’s downward movement from 1.1450 extended to as low as 1.1154. Further decline to test 1.1097 support is possible, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed,...
USDCAD Daily Analysis – March 3, 2015
USDCAD moved sideways without trend in a trading range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. Support is at 1.2352, as long as this level holds, the...
USDJPY Daily Analysis – March 3, 2015
USDJPY is facing 120.47 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then the following upward movement could bring price to 125.00 area. However, as long...
AUDUSD Daily Analysis – March 3, 2015
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the downtrend from 0.8294 (Jan 15 high) has resumed. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at...
GBPUSD Daily Analysis – March 3, 2015
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.4950 had completed at 1.5551 already. Further decline could be expected, and next target would be at 1.5100 area. Resistance levels are...
EURUSD Daily Analysis – March 3, 2015
EURUSD remains in downtrend from 1.1450. Further decline to test 1.1097 support is possible, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement could...