USDCAD Daily Analysis – February 19, 2014
USDCAD remains in downtrend from 1.1224 and the fall extended to as low as 1.0939. Further decline would likely be seen in a couple of days, and next target would be at 1.0800 area. Resistance is at...
Month: February 2014
USDCHF Daily Analysis – February 19, 2014
USDCHF’s downward movement from 0.9081 extended to as low as 0.8867. The downtrend could be expected to continue in a couple of days, and next target would be at 0.8800 area. Resistance is at 0.8930, only break...
USDJPY Daily Analysis – February 19, 2014
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 105.44 had completed at 100.75 already. The pair is now in uptrend from 100.75, further rise could be expected,...
AUDUSD Daily Analysis – February 19, 2014
AUDUSD stays in a upward price channel on 4-hour chart and remains in uptrend from 0.8660, the price action in the range between 0.8906 and 0.9080 could be treated as consolidation of the uptrend. Key support is...
GBPUSD Daily Analysis – February 19, 2014
GBPUSD remains in uptrend from 1.6252, the fall from 1.6822 is likely consolidation of the uptrend. Range trading between 1.6620 and 1.6822 is possible in a couple of days. As long as 1.6620 support holds, the uptrend...
EURUSD Daily Analysis – February 19, 2014
EURUSD’s upward movement from 1.3477 extended to as high as 1.3773. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...
GBP/USD Potential Pullback (February 18, 2014)
GBP/USD has made a stellar rally in the past few trading days, but it appears that the climb is losing steam and the pair needs to make a pullback. On the 1-hour chart, it can be seen...
USD/JPY Forecast February 18, 2014, Technical Analysis
The USD/JPY pair rose during the session on Monday, testing the 102 level again. This area could offer a little bit of resistance, but ultimately we believe that the market will in fact go higher. In fact,...
USD/CAD Forecast February 18, 2014, Technical Analysis
The USD/CAD pair did very little during the session on Monday which of course wasn’t much of a surprise with it being a holiday in the United States. Presidents’ Day is an exactly a massive one, but...
GBP/USD Forecast February 18, 2014, Technical Analysis
The GBP/USD pair initially try to rally during the session on Monday, but found the area above the 1.68 level as being far too rich, and pulled back. Towards the end of the day we sat around...