USDJPY Daily Analysis – May 27, 2014
USDJPY is now in uptrend from 100.83. Further rise would likely be seen in a couple of days, and next target would be at 102.80 area. Support is at 101.55, only break below this level will indicate...
Category: Short Term Forex Analysis
AUDUSD Daily Analysis – May 27, 2014
AUDUSD moved sideways in a narrow range between 0.9208 and 0.9273. As long as 0.9273 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9408, another fall is still...
GBPUSD Daily Analysis – May 27, 2014
GBPUSD remains in short term downtrend from 1.6920. Another fall could be expected and next target would be at 1.6750 area. Resistance is at 1.6920, only break above this level will indicate that the uptrend from 1.6731...
EURUSD Daily Analysis – May 27, 2014
EURUSD remains in downtrend from 1.3993, the rise from 1.3613 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance...
USDCAD Daily Analysis – May 26, 2014
USDCAD remains in uptrend from 1.0813, the price action from 1.0926 could be treated as consolidation of the uptrend. Near term support is at 1.0850, as long as this level holds, the uptrend could be expected to...
USDCHF Daily Analysis – May 26, 2014
USDCHF’s upward movement from 0.8702 extended to as high as 0.8971. Further rise could be expected, and next target would be at 0.9000 area. Near term support is at 0.8920, only break below this level could bring...
USDJPY Daily Analysis – May 26, 2014
USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 103.02 had completed at 100.83 already. Further rise could be expected, and next target would be at 102.80 area....
AUDUSD Daily Analysis – May 26, 2014
AUDUSD is facing 0.9202 support, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement could bring price to 0.8900 area. Resistance is at 0.9273, only...
GBPUSD Daily Analysis – May 26, 2014
GBPUSD broke below 1.6830 support, indicating that the uptrend from 1.6731 had completed at 1.6920 already. Resistance is now at 1.6875, as long as this level holds, the fall from 1.6920 could be expected to continue, and...
EURUSD Daily Analysis – May 26, 2014
EURUSD’s downward movement from 1.3993 extended to as low as 1.3613. Further decline is still possible, and next target would be at 1.3500 area. Near term resistance is at 1.3660, only break above this level could bring...