USDJPY Daily Analysis – May 19, 2014
USDJPY is now in downtrend from 102.36. Further decline would likely be seen in a couple of days, and next target would be at 100.00 area. Resistance is at 101.85, only break above this level could trigger...
Category: Short Term Forex Analysis
AUDUSD Daily Analysis – May 19, 2014
AUDUSD continued its sideways movement in a range between 0.9318 and 0.9408. Key support is at 0.9318, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
GBPUSD Daily Analysis – May 19, 2014
GBPUSD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.6996 had completed at 1.6731 already. Further rise could be expected and next target would be at 1.6900 area. Support is at...
EURUSD Daily Analysis – May 19, 2014
EURUSD remains in downtrend from 1.3993, the rise from 1.3648 could be treated as consolidation of the downtrend. Resistance is now at 1.3735, as long as this level holds, the downtrend could be expected to continue, and...
USDCAD Daily Analysis – May 16, 2014
No changed in our view, USDCAD remains uptrend from 1.0813, the fall from 1.0926 could be treated as correction of the uptrend. As long as 1.0813 key support holds, the uptrend could be expected to resume, and...
USDCHF Daily Analysis – May 16, 2014
USDCHF’s upward movement from 0.8702 extended to as high as 0.8959. Further rise is still possible, and next target would be at 0.9000 area. Support is at 0.8880, only break below this level will indicate that consolidation...
USDJPY Daily Analysis – May 16, 2014
USDJPY broke below 101.43 support, indicating that the downtrend from 103.02 has resumed. Further decline could be expected, and next target would be at 100.00 area. Resistance is at 101.85, only break above this level could trigger...
AUDUSD Daily Analysis – May 16, 2014
AUDUSD moved sideways in a range between 0.9318 and 0.9408. As long as 0.9318 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9202, another rise to 0.9500 area...
GBPUSD Daily Analysis – May 16, 2014
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.6996, and the fall extended to as low as 1.6731. Resistance is located at the trend line, as long as the trend...
EURUSD Daily Analysis – May 16, 2014
EURUSD’s downward movement from 1.3993 extended to as low as 1.3648. Further decline is still possible, and next target would be at 1.3600 area. Resistance is at 1.3735, only break above this level will indicate that consolidation...