AUD/USD Forecast November 5, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but as you can see the 0.95 level is in fact offering a bit of resistance. However, it does appear that the market is going to make a...
Month: November 2013
EUR/JPY Selloff to Resume (November 4, 2013)
EUR/JPY suffered a heavy selloff starting Thursday last week when ECB officials hinted that a rate cut is in the cards. EUR/JPY dropped from the 135.50 area by close to 300 pips before making a quick bounce...
USDCAD Analysis – November 3, 2013
USDCAD is facing the resistance of the downward trend line on daily chart, as long as the trend line resistance holds, the rise from 1.0182 could be treated as consolidation of the downtrend from 1.0608, one more...
USDCHF Analysis – November 3, 2013
USDCHF remains in downtrend from 0.9838, the rise from 0.8890 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the price channel on daily chart, as long as the channel...
USDJPY Analysis – November 3, 2013
USDJPY continues its sideways movement in a trading range between 93.79 and 103.73. As long as 93.79 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct...
AUDUSD Analysis – November 3, 2013
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.8847 had completed at 0.9756 already. The pair is now in downtrend, further decline would likely be seen, and...
GBPUSD Analysis – November 3, 2013
GBPUSD is facing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813, one more rise towards 1.6500 is still possible.
EURUSD Analysis – November 3, 2013
EURUSD remains in uptrend from 1.2756, the fall from 1.3832 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support holds,...
USD/JPY Forecast November 4, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, bouncing off of the 97.50 level in order to form a hammer that was pretty extensive. That shows us that the market wants to go higher, and could...
USD/CAD Forecast November 4, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Friday, but remains supported by the 1.04 level. This area looks like it’s going to support the market going forward, and as a result we are...