GBPUSD Daily Analysis – April 15, 2014
GBPUSD’s fall from 1.6820 extended to as low as 1.6696. Deeper decline is still possible and the target would b at the lower line of the price channel on 4-hour chart. As long as the channel support...
Month: April 2014
EURUSD Daily Analysis – April 15, 2014
EURUSD’s fall from 1.3905 extended to as low as 1.3808. However, the fall is likely consolidation of the uptrend from 1.3672, range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at...
USDCAD Daily Analysis – April 14, 2014
USDCAD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.1278 had completed at 1.0857 already. The pair is now in uptrend. Further rise could be expected and the...
USDCHF Daily Analysis – April 14, 2014
USDCHF’s downward movement from 0.8952 extended to as low as 0.8743. Further decline would likely be seen after a minor consolidation, and next target would be at 0.8700 area. Resistance is at 0.8805, as long as this...
USDJPY Daily Analysis – April 14, 2014
USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.15, only break above this level will indicate that the downtrend...
AUDUSD Daily Analysis – April 14, 2014
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend. Support is located at the lower line of the channel, as...
GBPUSD Daily Analysis – April 14, 2014
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465, the fall from 1.6820 could be treated as consolidation of the uptrend. Deeper decline would likely be seen, and the target...
EURUSD Daily Analysis – April 14, 2014
EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already. Range trading between 1.3800 and 1.3905 would likely be seen in a couple of days. As long as 1.3800 support holds,...
USDCAD Weekly Analysis – April 12, 2014
USDCAD broke below 1.0910 support, indicating that the uptrend from 1.0182 had completed at 1.1278 already. Deeper decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1100 and...
USDCHF Weekly Analysis – April 12, 2014
USDCHF failed to break above the upper line of the price channel on daily chart, suggesting that the pair remains in downtrend from 0.9751 (Jul 9, 2013 high), the price action from 0.8699 could be treated as...