USD/CAD Forecast December 18, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Tuesday, but as you can see bounced enough to break the 1.06 handle yet again, and form a bit of a hammer for the second day in a...
Month: December 2013
GBP/USD Forecast December 18, 2013, Technical Analysis
The GBP/USD pair did very little during the session in the end after going back and forth wildly on Tuesday. The candle is slightly negative, but not enough to get too excited about, and we have to...
EUR/USD Forecast December 18, 2013, Technical Analysis
The EUR/USD pair initially fell on Tuesday, but bounce informed the nice-looking hammer above the 1.3750 level. Because of this, we believe that this market is going to continue higher, but recognize the fact that the FMOC...
AUD/USD Forecast December 18, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, but found enough support at the 0.89 handle in order to cause a little bit of a bounce towards the end of the session. Nonetheless, we see quite...
USDCAD Daily Analysis – December 18, 2013
USDCAD is forming a sideways consolidation in a range between 1.0561 and 1.0707. Key support is at 1.0561, as long as this level holds, the uptrend from 1.0182 (Sep 19 low) could be expected to resume, and...
USDCHF Daily Analysis – December 18, 2013
USDCHF broke below 0.8829 support, and continues its downward movement from 0.9249 (Nov 7 high). Further decline could be expected, and next target would be at 0.8750 area. Initial resistance is at the upper line of the...
USDJPY Daily Analysis – December 18, 2013
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 103.92 could be treated as consolidation of the uptrend. Support is located at the lower...
AUDUSD Daily Analysis – December 18, 2013
AUDUSD’s downward movement from 0.9756 (Oct 23 high) extended to as low as 0.8882. Further decline to test 0.8847 (Aug 5 low) support is still possible. Initial resistance is at 0.8970, and the key resistance is located...
GBPUSD Daily Analysis – December 18, 2013
GBPUSD’s downward movement from 1.6465 extended to as low as 1.6219. Resistance is at 1.6348, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6150 area. On...
EURUSD Daily Analysis – December 18, 2013
EURUSD continues its sideways movement in a narrow range between 1.3709 and 1.3810. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price action in...