AUDUSD Daily Analysis – June 24, 2014
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9208. Support is located at the trend line, as long as the trend line support holds, the uptrend could be expected to...
Category: Short Term Forex Analysis
GBPUSD Daily Analysis – June 24, 2014
GBPUSD remains in uptrend from 1.6692, the fall from 1.7062 could be treated as consolidation of the uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support...
EURUSD Daily Analysis – June 24, 2014
EURUSD remains in short term uptrend from 1.3512. Another rise to test 1.3676 resistance would likely be seen, a break above this level will signal completion of the longer term downtrend from 1.3993 (May 8 high), then...
USDCAD Daily Analysis – June 23, 2014
USDCAD’s downward movement from 1.0960 extended to as low as 1.0726. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.0785, as long as this level...
USDCHF Daily Analysis – June 23, 2014
USDCHF failed to break below 0.8907 support, indicating that lengthier sideways movement in a range between 0.8907 and 0.9036 is underway. Another rise to test 0.9036 resistance is possible, a break above this level will signal resumption...
USDJPY Daily Analysis – June 23, 2014
USDJPY moved sideways in a trading range between 101.60 and 102.35. Resistance is at 102.35, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 102.79,...
AUDUSD Daily Analysis – June 23, 2014
AUDUSD broke above 0.9437 resistance, indicating that the uptrend from 0.9208 has resumed. Further rise could be expected, and next target would be at 0.9550 area. Support levels are at 0.9370 and 0.9321, only break below these...
GBPUSD Daily Analysis – June 23, 2014
GBPUSD’s upward movement from 1.6692 extended to as high as 1.7062. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to...
EURUSD Daily Analysis – June 23, 2014
EURUSD formed a sideways consolidation in a range between 1.3502 and 1.3676. Resistance is at 1.3676, a break above this level will indicate that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already, then...
USDCAD Daily Analysis – June 20, 2014
USDCAD continued its downward movement from 1.0960, and the fall extended to as low as 1.0810. Further decline could be expected in a couple of days, and next target would be at 1.0700 area. Resistance is located...