EUR/USD Forecast July 29, 2014, Technical Analysis
In the EUR/USD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which...
Month: July 2014
AUD/USD Forecast July 29, 2014, Technical Analysis
The AUD/USD pair initially fell during the course of the day on Monday, but as you can see found enough support below to turn things back around and form a nice-looking hammer. This hammer of course suggests...
USDCAD Daily Analysis – July 29, 2014
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0619. Further rise could be expected and next target would be at 1.0900 area. Near term support is at the upward trend...
USDCHF Daily Analysis – July 29, 2014
USDCHF remains in uptrend from 0.8897. Further rise could be expected after a minor consolidation, and next target would be at 0.9100 area. Support is at 0.9000, only break below this level could signal completion of the...
USDJPY Daily Analysis – July 29, 2014
USDJPY remains in uptrend from 101.06. Further rise could be expected after a minor consolidation, and next target would be at 102.50 area. Support is at 101.40, only break below this level could trigger another fall to...
USDJPY Daily Analysis – July 29, 2014
USDJPY remains in uptrend from 101.06. Further rise could be expected after a minor consolidation, and next target would be at 102.50 area. Support is at 101.40, only break below this level could trigger another fall to...
AUDUSD Daily Analysis – July 29, 2014
AUDUSD’s downward movement from 0.9470 extended to as low as 0.9384. Further decline to test 0.9328 support is possible in a couple of days. Resistance is at 0.9435, as long as this level holds, the downtrend from...
GBPUSD Daily Analysis – July 29, 2014
GBPUSD remains in downtrend from 1.7190, the rise from 1.6960 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...
EURUSD Daily Analysis – July 29, 2014
EURUSD remains in downtrend from 1.3650, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3300 area. On the upside, a clear break above the...
AUD/USD Ascending Triangle Setup (July 28, 2014)
AUD/USD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame. The pair just found resistance at the top of the triangle and is on its...