EUR/USD Forecast September 16, 2014, Technical Analysis
The EUR/USD pair fell during most of the day on Monday, but as you can see bounced enough to form a hammer. Because of this, we feel that the market is going to try to break out...
Month: September 2014
AUD/USD Forecast September 16, 2014, Technical Analysis
The AUD/USD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see. The fact...
USDCAD Daily Analysis – September 16, 2014
USDCAD remains in uptrend from 1.0810, the fall from 1.1098 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support...
USDCHF Daily Analysis – September 16, 2014
USDCHF moved sideways in a trading range between 0.9314 and 0.9395. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the price action in the range...
USDJPY Daily Analysis – September 16, 2014
USDJPY remains in uptrend from 101.50, the fall from 107.39 is likely consolidation of the uptrend. Range trading between 106.50 and 107.39 would likely be seen in a couple of days. Key support is located at the...
AUDUSD Daily Analysis – September 16, 2014
AUDUSD remains in downtrend from 0.9401, the rise from 0.8983 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on 4-hour chart, as long as the trend...
GBPUSD Daily Analysis – September 16, 2014
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 could be treated as consolidation of the downtrend. Key resistance is located at the downward trend line on 4-hour chart, as long as the...
EURUSD Daily Analysis – September 16, 2014
EURUSD moved sideways in a trading range between 1.2859 and 1.2987. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the price action in the range...
Don’t Get Ruined by These 10 Popular Investment Myths (Part V)
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
GBPUSD Long-Term Support (Sept 15, 2014)
GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that...