EURUSD Daily Analysis – April 3, 2014
EURUSD is now in uptrend from 1.3705, the fall from 1.3820 is likely correction of the uptrend. As long as 1.3705 key support holds, another rise could be expected, and next target would be at 1.3900 area....
Month: April 2014
NFP Report Less Than 48 Hours Away – Paxforex
The non-farm payroll report or NFP report will be released in less than 48hours and many market participants look forward to this report in order to guide them through the rest of the trading month. January’s report...
NZD/USD Trend Line Test (April 2, 2014)
Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZD/USD’s uptrend is still intact. The pair is currently testing the rising trend...
USD/JPY Forecast April 2, 2014, Technical Analysis
The USD/JPY pair rose during the session on Tuesday, shooting straight up in the air. The market still sits just below the most recent high, but it is so close the one has to think that sooner...
USD/CAD Forecast April 2, 2014, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, showing the 1.10 level to be supportive yet again. We believe that this area is going to be rather supportive in the near term, as we await to...
GBP/USD Forecast April 2, 2014, Technical Analysis
The GBP/USD pair fell during the session on Tuesday, but did not break below the lows from the Monday session. With that, we feel that the market will simply go sideways in the short-term, but if we...
EUR/USD Forecast April 2, 2014, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, breaking the top of the range for Monday at one point in time. However, the market gave back a significant amount towards the end of the day, and...
AUD/USD Forecast April 2, 2014, Technical Analysis
The AUD/USD pair initially rose during the session on Tuesday, but pulled back in order to form a shooting star. The shooting star is preceded by a hammer, so we feel that this market is more or...
USDCAD Daily Analysis – April 2, 2014
USDCAD continued its sideways movement in a range between 1.1000 and 1.1077. As long as 1.1077 resistance holds, the downtrend from 1.1278 could be expected to resume, and next target would be at 1.0950 area. However, a...
USDCHF Daily Analysis – April 2, 2014
USDCHF is facing the support of lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 0.8699 could be expected to resume, and one more rise to 0.8950...