Bernanke Out, Yellen In – PaxForex
Bernanke chaired his last FOMC meeting and he is out of the door. Some applaud his tenure, others detest his leadership and most do not care. The fact is that the next decade will determine the true...
Month: January 2014
GBP/USD Potential Bounce (January 31, 2014)
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom...
USDCAD Daily Analysis – January 31, 2014
USDCAD’s upward movement from 1.0588 extended to as high as 1.1198. Key support is now at 1.1031, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1300...
USDCHF Daily Analysis – January 31, 2014
USDCHF broke above 0.9030 resistance, suggesting that the downtrend from 0.9156 had completed at 0.8903 already. Further rise could be expected, and next target would be at 0.9100 area. Support is at 0.8970, only break below this...
USDJPY Daily Analysis – January 31, 2014
USDJPY moved sideways in a range between 101.77 and 103.44. Key resistance is located at upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the price action in the range...
AUDUSD Daily Analysis – January 31, 2014
AUDUSD formed a sideways consolidation in a range between 0.8660 and 0.8887. As long as 0.8887 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085, one more fall...
GBPUSD Daily Analysis – January 31, 2014
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6445. Deeper decline to test the support of the lower line of the price channel on 4-hour chart is possible. As long as the channel support holds,...
EURUSD Daily Analysis – January 31, 2014
EURUSD is facing 1.3507 support, a breakdown below this level will signal resumption of the downtrend from 1.3892, then next target would be at 1.3400 area. However, as long as 1.3507 support holds, lengthier sideways movement could...
GBP/USD Forecast January 31, 2014, Technical Analysis
The GBP/USD pair fell during the session on Thursday, slicing through the 1.65 handle. The market does have quite a bit of support below that area though, and as a result we got a bit of a...
EUR/USD Forecast January 31, 2014, Technical Analysis
The EUR/USD pair fell hard during the session on Thursday, testing the 1.3550 level. This area has been supportive in the past, and as a result we feel that this market could seriously trying support down at...