GBPUSD Daily Analysis – May 8, 2014
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), the fall from 1.6996 could be treated as consolidation of the uptrend. As long as the trend line...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – May 8, 2014
EURUSD remains in uptrend from 1.3775, the fall from 1.3951 is likely consolidation of the uptrend. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
USDCAD Daily Analysis – May 7, 2014
USDCAD is facing 1.0857 support, a breakdown below this level will signal resumption of the downtrend from 1.1278 (Mar 20 high), then next target would be at 1.0700 area. Resistance is at 1.0950, only break above this...
USDCHF Daily Analysis – May 7, 2014
USDCHF broke below 0.8743 support, indicating that the downtrend from 0.8952 has resumed. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at 0.8780, only break above this level could...
USDJPY Daily Analysis – May 7, 2014
USDJPY is facing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above...
AUDUSD Daily Analysis – May 7, 2014
AUDUSD broke above 0.9316 key resistance, indicating that the downtrend from 0.9461 had completed at 0.9202 already. The pair is now in uptrend, further rise could be expected, and next target would be at 0.9500 area. Support...
GBPUSD Daily Analysis – May 7, 2014
GBPUSD’s upward movement from 1.6465 (Mar 24 low) extended to as high as 1.6996. Key support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend...
EURUSD Daily Analysis – May 7, 2014
EURUSD broke above 1.3905 resistance, indicating that the uptrend from 1.3672 has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support is at 1.3870, only break below this level could signal...
USDCAD Daily Analysis – May 6, 2014
USDCAD remains in downtrend from 1.1053, the price action in the trading range between 1.0935 and 1.1004 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0850...
USDCHF Daily Analysis – May 6, 2014
USDCHF is facing 0.8743 support, a breakdown below this level will signal resumption of the downtrend from 0.8952, then the following downward movement could bring price to 0.8300 area. However, as long as 0.8743 support holds, the...