GBPUSD Daily Analysis – May 2, 2014
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – May 2, 2014
EURUSD broke above 1.3879 resistance, indicating that the downward movement from 1.3905 had completed at 1.3775 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be...
USDCAD Daily Analysis – May 1, 2014
USDCAD is now in downtrend from 1.1053. Further decline could be expected after a minor consolidation, and next target would be at 1.0900 area. Resistance is at 1.1000, only break above this level could trigger another rise...
USDCHF Daily Analysis – May 1, 2014
USDCHF failed to break above 0.8861 resistance and pulled back to 0.8791. Deeper decline to test 0.8743 key support is possible, a breakdown below this level will trigger another fall towards 0.8300. On the upside, a break...
USDJPY Daily Analysis – May 1, 2014
USDJPY remains in uptrend from 101.32, the price action from 102.72 could be treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 103.50 area. Support is at 101.96, only...
AUDUSD Daily Analysis – May 1, 2014
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already, then the following upward movement could bring price to 0.9550 – 0.9600 area. On the...
GBPUSD Daily Analysis – May 1, 2014
GBPUSD broke above 1.6857 resistance, and continued its upward movement from 1.6465. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, further rise could be...
EURUSD Daily Analysis – May 1, 2014
EURUSD is facing 1.3879 resistance, a break above this level will signal resumption of the uptrend from 1.3672, then next target would be at 1.3950 area. On the downside, as long as 1.3879 resistance holds, the rise...
USDCAD Daily Analysis – April 30, 2014
USDCAD broke below 1.1000 support, indicating that the uptrend from 1.0857 had completed at 1.1053 already. The pair is now in downtrend from 1.1053, further decline could be expected over the next several days, and next target...
USDCHF Daily Analysis – April 30, 2014
USDCHF remains in uptrend from 0.8743, the fall from 0.8861 could be treated as correction of the uptrend. Another rise to 0.8900 area to complete the upward movement is still possible. Key support is at 0.8743, only...