EUR/USD Forecast April 7, 2014, Technical Analysis
The EUR/USD pair fell during the session on Friday, but bounce back above the 1.37 level in order to form a nice hammer. This hammer of course is a bullish sign, but it appears that the euro...
Month: April 2014
AUD/USD Forecast April 7, 2014, Technical Analysis
The AUD/USD pair rose during the session on Friday, breaking above the 0.9250 handle. Because of this, it appears the market is in fact going to try and go higher, so a break of the highs for...
USDCAD Weekly Analysis – April 6, 2014
USDCAD moved sideways in a range between 1.0910 and 1.1278. As long as 1.0910 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182. Another rise is still possible...
USDCHF Weekly Analysis – April 6, 2014
USDCHF’s bounce from 0.8699 extended to as high as 0.8952. Further rise could be expected, and the target would be at the upper line of the price channel on daily chart. However, as long as the channel...
USDJPY Weekly Analysis – April 6, 2014
USDJPY continued its sideways movement in a range between 100.75 and 105.44. As long as 100.75 key support holds, the price action in the range could be treated as consolidation of the uptrend from 93.79 (Jun 13,...
AUDUSD Weekly Analysis – April 6, 2014
AUDUSD stays above the upward trend line on daily chart, and remains in uptrend from 0.8660, and the rise extended to as high as 0.9306. The uptrend could be expected to continue in a couple of weeks,...
GBPUSD Weekly Analysis – April 6, 2014
GBPUSD stays in a upward price channel on daily chart. As long as the channel support holds, the uptrend from 1.4813 (Jul 9, 2013 low) could be expected to resume, and another rise towards 1.7000 is still...
EURUSD Weekly Analysis – April 6, 2014
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 could be treated as consolidation of the uptrend. Pullback to 1.3550 area to complete the consolidation would likely be seen. Resistance is...
USD/JPY Forecast April 4, 2014, Technical Analysis
The USD/JPY pair tried to rally during the session on Thursday, but as you can see lost most of the gains by the time we closed at the end of the day. The 104 level proved to...
USD/CAD Forecast April 4, 2014, Technical Analysis
The USD/CAD pair fell during a majority the session on Thursday, but as you can see bounced off of the 1.10 level yet again in order to prove it to be very supportive. We feel that the...