USD/CAD Forecast February 4, 2015, Technical Analysis
The USD/CAD pair broke down during the course of the session on Tuesday, slicing through the 1.25 handle. In fact, we dipped all the way down to the 1.24 level by the time the day was over...
Month: February 2015
GBP/USD Forecast February 4, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Tuesday, as we continue to consolidate just above the 1.50 level. That area is of course a massively supportive region, and therefore we think that...
EUR/USD Forecast February 4, 2015, Technical Analysis
The EUR/USD pair broke higher during the day on Tuesday, slamming into the 1.15 level. However, this is an area that begins a cluster of resistance up to the 1.1650 level, and that of course is followed...
AUD/USD Forecast February 4, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the session on Tuesday, but as you can see broke above the 0.78 level which of course is a small barrier. However, there is so much resistance above...
AUDUSD Descending Trend Line (Feb 4, 2015)
Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD. Price is testing the falling trend line on its 1-hour time frame, which lines up with an area of interest and...
USDCAD Daily Analysis – February 4, 2015
USDCAD broke below 1.2380 support, indicating that the uptrend from 1.1803 had completed at 1.2797 already. Range trading between 1.2200 and 1.2797 would likely be seen over the next several days.
USDJPY Daily Analysis – February 4, 2015
USDJPY is facing the resistance of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the uptrend from 115.85 has resumed, then the following upward movement could bring price to...
AUDUSD Daily Analysis – February 4, 2015
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8294. As long as the trend line resistance holds, the rise from 0.7625 could be treated as consolidation of the downtrend, and...
GBPUSD Daily Analysis – February 4, 2015
GBPUSD stays in the trading range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high), and another...
EURUSD Daily Analysis – February 4, 2015
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2569 (Dec 16, 2014 high) had completed at 1.1097 already. Range trading between 1.1097 and 1.1650 would likely be seen over the...