AUD/USD Major Pullback (December 2, 2013)
After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff.
Month: December 2013
USDCAD Weekly Analysis – December 1, 2013
USDCAD breaks above 1.0608 resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.1000 area. Support is...
USDCHF Weekly Analysis – December 1, 2013
USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751, the rise from 0.8890 could be treated as consolidation of the downtrend. Initial resistance is located at the upper line of...
USDJPY Weekly Analysis – December 1, 2013
USDJPY breaks above 101.53 resistance, suggesting that the uptrend from 75.57 (Oct 31, 2011 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 105.00 area. Support is...
AUDUSD Weekly Analysis – December 1, 2013
AUDUSD continues its downward movement from 0.9756, and the fall extends to as low as 0.9140. Resistance is located at the falling trend line on daily chart, as long as the trend line resistance holds, further decline...
GBPUSD Weekly Analysis – December 1, 2013
GBPUSD breaks above 1.6259 previous high resistance, and reaches as high as 1.6384, suggesting that the uptrend from 1.4813 has resumed. Further rise could be expected in a couple of weeks, and next target would be at...
EURUSD Weekly Analysis – December 1, 2013
EURUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.2747, the fall from 1.3832 is likely consolidation of the uptrend. Range trading between 1.3296 and 1.3832 could be expected to continue...
USD/JPY Forecast December 2, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, essentially settling nothing by the end of the day. However, this market is decidedly bullish, and therefore we will not short it. We would love...
USD/CAD Forecast December 2, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Friday, but as you can see has bounced high enough to break above the 1.06 handle on the daily close for the first time in ages.
GBP/USD Forecast December 2, 2013, Technical Analysis
The GBP/USD pair initially fell during the session on Friday, but as you can see gained enough to form a hammer at the top of the most recent parabolic move in this market that has been very...