GBP/AUD Pullback Play (January 14, 2014)
After its strong selloff in the past few days, GBP/AUD seems ready to make a retracement to an area of interest. On the 1-hour time frame, it can be seen that the broken support level is right...
Month: January 2014
USD/JPY Forecast January 14, 2014, Technical Analysis
The USD/JPY pair fell during the day on Monday, testing the 103 level for support. This is an area that begins a significant amount of support all the way down to the 102.50 level, so some type...
USD/CAD Forecast January 14, 2014, Technical Analysis
The USD/CAD pair fell during the session on Monday, slamming into the 1.0850 level, from which it started on Friday. That being the case, it appears of this market could continue to fall from here, but we...
GBP/USD Forecast January 14, 2014, Technical Analysis
In the GBP/USD pair on Monday, we saw considerable weakness. However, the 1.6350 level acted as support yet again, and therefore kept the sellers in check. With that being the case, it appears that the market could...
EUR/USD Forecast January 14, 2014, Technical Analysis
The EUR/USD pair tried to fall during the session on Monday, but as you can see enough buyers stepped into the market to force the market to bounce. This bounce is a continuation of the bouncer we...
AUD/USD Forecast January 14, 2014, Technical Analysis
The AUD/USD pair rose during the session on Monday, breaking above the 0.90 handle, which of course is impressive. However, we have stated recently that we are a bit leery of going long of this market until...
USDCAD Daily Analysis – January 14, 2014
USDCAD remains in uptrend from 1.0588, the fall from 1.0945 could be treated as consolidation of the uptrend. Range trading between 1.0800 and 1.0945 would likely be seen in a couple of days. Key support is at...
USDCHF Daily Analysis – January 14, 2014
USDCHF’s downward movement from 0.9126 extended to as low as 0.8986. Further decline could be expected in a couple of days, and next target would be at 0.8900 area. Resistance is now at 0.9050, only break above...
USDJPY Daily Analysis – January 14, 2014
USDJPY is now in downtrend from 105.44. Further decline could be expected, and next target would be at 101.50 area. Resistance is at 104.20, followed by 105.44, only break above these levels could trigger another rise towards...
AUDUSD Daily Analysis – January 14, 2014
AUDUSD’s rise from 0.8820 is likely consolidation of the downtrend from 0.9756 (Oct 23, 2013 high). Further rise to 0.9200 area to complete the consolidation is possible. Support levels are at 0.8940 and 0.8820, only break below...