EUR/GBP Long-Term Channel (November 19, 2013)
EUR/GBP has sold off in the past few days but the daily time frame seems to suggest that a bounce is in the cards. The pair is currently testing the bottom of the descending channel right around...
Month: November 2013
GBP/USD Descending Channel (November 18, 2013)
Last week’s anti-dollar sentiment and relatively upbeat data from the U.K. has triggered a bounce from the bottom of the descending support level on GBP/USD, yet a descending resistance level can also be seen.
USDCAD Analysis – November 16, 2013
USDCAD breaks above the downward trend line on daily chart, suggesting that the downtrend from 1.0608 had competed at 1.0182 already. Further rise could be expected next week, and next target would be at 1.0650 area.
USDCHF Analysis – November 16, 2013
After touching the upper line of the price channel on daily chart, USDCHF pulled back from 0.9249, suggesting that the pair remains in downtrend from 0.9751. Further decline is possible next week, and next target would be...
USDJPY Analysis – November 16, 2013
USDJPY stays in a trading range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). Key support is located at 93.79, as long as...
AUDUSD Analysis – November 16, 2013
AUDUSD’s downward movement from 0.9756 extends to as low as 0.9269. Resistance is now at 0.9545, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9000 area,...
GBPUSD Analysis – November 16, 2013
GBPUSD remains in uptrend from 1.4813, the fall from 1.6259 is likely consolidation of the uptrend. Key support is now at 1.5854, as long as this level holds, the uptrend could be expected to resume, and one...
EURUSD Analysis – November 16, 2013
EURUSD remains in uptrend from 1.2747 (Apr 4 low), the price action from 1.3832 is likely consolidation of the uptrend. Another fall would likely be seen, and the target would be at the lower line of the...
USD/JPY Forecast November 18, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, essentially proving that the 100 level should offer little bit of support, and this of course is bullish as far as we can tell.
USD/CAD Forecast November 18, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, but as you can see stays well within the consolidation area that we have been in over the last several sessions. That being the case, we feel that...