EUR/USD Forecast November 4, 2014, Technical Analysis
The EUR/USD pair did very little during the session on Monday, as we continue to hang about the 1.25 level. That being the case, the market looks as if it is trying to decide whether or not...
Month: November 2014
AUD/USD Forecast November 4, 2014, Technical Analysis
The AUD/USD pair continues to show significant weakness as we gapped lower at the open. With that being the case, the session on Monday certainly looks like a continuation of the downtrend in this marketplace. We believe...
NZDUSD Area of Interest at .7800 (Nov 4, 2014)
NZDUSD Area of Interest at .7800 (Nov 4, 2014) NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level. The pair has dipped to the .7700 area and...
Forex Trading: Perspective, Trends & Finding New Opportunities
By Elliott Wave International In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets — and how the “simplicity” of Elliott wave analysis has guided him through 23...
USDCAD Daily Analysis – November 4, 2014
USDCAD is facing 1.1385 resistance, a break of this level will indicate that the uptrend from 1.0810 (Aug 29 low) has resumed, then next target would be at 1.1500 area. Support is at 1.1260, only break below...
USDCHF Daily Analysis – November 4, 2014
USDCHF remains in uptrend from 0.9370. Further rise is still possible after a minor consolidation, and next target would be at 0.9900 area. Support levels are at 0.9635 and 0.9600, as long as these levels hold, the...
USDJPY Daily Analysis – November 4, 2014
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 114.21. Further rise could be expected after a minor consolidation, and next target would be at 117.00 area. Support is at 112.50,...
AUDUSD Daily Analysis – November 4, 2014
AUDUSD is facing 0.8642 support, a breakdown below this level will signal resumption of the downtrend from 0.9401 (Sept 5 high), then next target would be at 0.8400 area. Near term resistance is at 0.8730, above this...
GBPUSD Daily Analysis – November 4, 2014
GBPUSD is facing 1.5874 support, a breakdown below this level will signal resumption of the downtrend from 1.6524 (Sept 19 high), then next target would be at 1.5600 area. Key resistance is at 1.6226, only break above...
EURUSD Daily Analysis – November 4, 2014
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441. Further decline could be expected after a minor consolidation, and next target would be at 1.2200 area. Resistance is at 1.2570, only break above this level...