AUDUSD Daily Analysis – April 29, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, and the fall extended to as low as 0.9227. Near term resistance is at the upper line of the channel, as...
Category: Short Term Forex Analysis
GBPUSD Daily Analysis – April 29, 2014
After breaking above 1.6841 resistance, GBPUSD pulled back from 1.6857, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Range trading between 1.6750 and 1.6860 would likely be seen in a couple of days. Key...
EURUSD Daily Analysis – April 29, 2014
EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible after consolidation. Resistance is at...
USDCAD Daily Analysis – April 28, 2014
USDCAD’s upward movement extended to as high as 1.1053. Further rise is still possible after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.1000, only break below this level could signal...
USDCHF Daily Analysis – April 28, 2014
USDCHF broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8743 had completed at 0.8861 already. Deeper decline is still possible, and the target would be at 0.8780 area. Resistance is at...
USDJPY Daily Analysis – April 28, 2014
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96. Deeper decline would likely be seen in a couple of days, and next target would be at 101.50 area. Resistance is...
AUDUSD Daily Analysis – April 28, 2014
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9252. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected...
GBPUSD Daily Analysis – April 28, 2014
GBPUSD remains in uptrend from 1.6465, the fall from 1.6841 is likely consolidation of the uptrend. Deeper decline is still possible, and next target would be at 1.6730 area. Resistance is at 1.6841, a break above this...
EURUSD Daily Analysis – April 28, 2014
EURUSD stays in a trading range between 1.3785 and 1.3864. Key resistance is at 1.3864, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3905,...
USDCAD Daily Analysis – April 24, 2014
USDCAD remains in uptrend from 1.0857 and the rise extended to as high as 1.1053. Support is now at 1.1000, as long as this level holds, the uptrend could be expected to continue, and next target would...