USD/JPY Forecast December 31, 2014, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Tuesday, but as you can see bounced a bit towards the end of the session. Because of this, it looks like there are buyers below, and...
Month: December 2014
USD/CAD Forecast December 31, 2014, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Tuesday, but remains within the consolidation area that we have been in for some time now. With that being the case, we are buyers on supportive...
GBP/USD Forecast December 31, 2014, Technical Analysis
The GBP/USD pair bounced during the session on Tuesday, using the 1.55 level as it bit of a springboard. With that being the case, looks like we’re not ready to break down below the 1.55 handle, but...
EUR/USD Forecast December 31, 2014, Technical Analysis
The EUR/USD pair initially tried to rally during the session on Tuesday, but struggled at the 1.22 handle. With that being the case, the market looks as if it’s ready to continue to go lower as the...
AUD/USD Forecast December 31, 2014, Technical Analysis
AUD/USD broke higher during the course of the session on Tuesday, showing bits of support below. We still look at this market as being very negative, but also recognize that we are getting very low as far...
USDCAD Daily Analysis – December 31, 2014
USDCAD moved sideways in a trading range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could be...
USDCHF Daily Analysis – December 31, 2014
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.9553. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
USDJPY Daily Analysis – December 31, 2014
USDJPY remains in uptrend from 115.56, the fall from 120.82 is likely consolidation of the uptrend. Support is at 118.00, as long as this level holds, the uptrend could be expected to resume, and another rise towards...
AUDUSD Daily Analysis – December 31, 2014
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.8795 had completed at 0.8087 already. Further rally would likely be seen over the next several days, and the...
GBPUSD Daily Analysis – December 31, 2014
GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the rise from 1.5485 could be treated as consolidation of the downtrend from 1.5785, another fall towards 1.5000...