EURUSD Daily Analysis – April 11, 2014
EURUSD remains in uptrend from 1.3672, and the rise extended to as high as 1.3898. Support is now at 1.3850, as long as this level holds, the uptrend could be expected to continue, and next target would...
Month: April 2014
AUD/USD Forecast April 11, 2014, Technical Analysis
The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact...
Japanese/Chinese Data Points to Slowdown – Paxforex
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...
EUR/USD Trend Reversal (April 10, 2014)
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the...
USDCAD Daily Analysis – April 10, 2014
USDCAD’s downward movement extended to as low as 1.0857. Resistance is now at 1.0955, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750 area. Only break...
USDCHF Daily Analysis – April 10, 2014
USDCHF’s downward movement from 0.8952 extended to as low as 0.8782. Further decline could be expected and next target would be at 0.8700 area. Resistance is at 0.8825, only break above this level will indicate that correction...
USDJPY Daily Analysis – April 10, 2014
USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend. Resistance levels are at 102.15 and 102.55, as long as these levels hold, the downtrend could be expected to resume, and...
AUDUSD Daily Analysis – April 10, 2014
AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439. Further rise could be expected and next target would be at 0.9500 area. Support is at 0.9370, only break below this level...
GBPUSD Daily Analysis – April 10, 2014
GBPUSD continued its upward movement from 1.6553 and the rise extended to as high as 1.6820. Support is at 1.6725, as long as this level holds, the uptrend could be expected to continue, and next target would...
EURUSD Daily Analysis – April 10, 2014
EURUSD’s upward movement from 1.3672 extended to as high as 1.3870. Support is at 1.3815, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3950 area. On...