USD/JPY Forecast April 29, 2014, Technical Analysis
The USD/JPY pair rose during the bulk of the session on Monday, breaking above the 102.50 handle. We did give back a little bit towards the end of the day, but it does in fact look like...
Month: April 2014
USD/CAD Forecast April 29, 2014, Technical Analysis
The USD/CAD pair initially fell on Monday, but finds the 1.10 level to be supportive yet again. With that, we feel that the market should continue to meander around this area, and we feel that it is...
GBP/USD Forecast April 29, 2014, Technical Analysis
The GBP/USD pair broke out to the upside during the session on Monday, but as you can see pulled back enough to form a massive shooting star. Even though this is a very sign, we feel that...
EUR/USD Forecast April 29, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Monday, touching as high as the 1.39 region, but also when as low as the 1.38 region. With that, as a result we feel that the...
AUD/USD Forecast April 29, 2014, Technical Analysis
The AUD/USD pair initially tried to rally during the session on Monday, but found far too much resistance around the 0.93 level to continue going higher. Because of this, we ended up forming a shooting star that...
AUD/USD Pullback to Play Out? (April 28, 2014)
AUD/USD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher. In the 4-hour chart, the Fibonacci retracement tool shows that...
USDCAD Daily Analysis – April 28, 2014
USDCAD’s upward movement extended to as high as 1.1053. Further rise is still possible after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.1000, only break below this level could signal...
USDCHF Daily Analysis – April 28, 2014
USDCHF broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8743 had completed at 0.8861 already. Deeper decline is still possible, and the target would be at 0.8780 area. Resistance is at...
USDJPY Daily Analysis – April 28, 2014
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96. Deeper decline would likely be seen in a couple of days, and next target would be at 101.50 area. Resistance is...
AUDUSD Daily Analysis – April 28, 2014
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9252. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected...