GBPUSD Daily Analysis – May 29, 2014
GBPUSD broke below 1.6731 support, and the fall from 1.6920 extended to as low as 1.6697. Further decline could be expected in a couple of days, and next target would be at 1.6600 area. Near term resistance...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – May 29, 2014
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3588. Resistance is now at 1.3668, as long as this level holds, the downtrend could be expected to continue, and...
USDCAD Daily Analysis – May 28, 2014
USDCAD is now in downtrend from 1.0941. Further decline could be expected over the next several days, and next target would be at 1.0700 area. Resistance is at 1.0941, only break above this level could trigger another...
USDCHF Daily Analysis – May 28, 2014
USDCHF remains in uptrend from 0.8702 and the rise extended to as high as 0.8981. Near term support is now at 0.8935, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY Daily Analysis – May 28, 2014
USDJPY’s upward movement from 100.83 extended to as high as 102.13. Support is now at 101.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 102.80 area....
AUDUSD Daily Analysis – May 28, 2014
AUDUSD continued its sideways movement in a narrow range between 0.9208 and 0.9277. The price action in the range is likely consolidation of the downtrend from 0.9408, as long as 0.9277 resistance holds, the downtrend could be...
GBPUSD Daily Analysis – May 28, 2014
GBPUSD’s fall from 1.6920 extended to as low as 1.6782. Deeper decline is still possible, and next target would be at 1.6750 area. Resistance is at the downward trend line on 4-hour chart, only a clear break...
EURUSD Daily Analysis – May 28, 2014
EURUSD is in consolidation of the downtrend from 1.3993. Range trading between 1.3612 and 1.3700 would likely be seen in a couple of days. Key resistance is at 1.3734, as long as this level holds, the downtrend...
USDCAD Daily Analysis – May 27, 2014
USDCAD broke below 1.0850 support, indicating that the upward movement from 1.0813 had completed at 1.0941 already. Further decline could be expected in a couple of days, and next target would be at 1.0700 area. Resistance is...
USDCHF Daily Analysis – May 27, 2014
USDCHF remains in uptrend from 0.8702, the fall from 0.8971 could be treated as consolidation of the uptrend. Near term support is at 0.8920, as long as this level holds, the uptrend could be expected to continue,...