USDCAD Daily Analysis – April 24, 2014
USDCAD remains in uptrend from 1.0857 and the rise extended to as high as 1.1053. Support is now at 1.1000, as long as this level holds, the uptrend could be expected to continue, and next target would...
Category: Short Term Forex Analysis
USDCHF Daily Analysis – April 24, 2014
After touching the upward trend line on 4-hour chart, USDCHF rebounded from 0.8807, indicating that the pair remains in uptrend from 0.8743. Further rise would likely be seen, and the target would be at 0.8900 area. Key...
USDJPY Daily Analysis – April 24, 2014
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 101.32 had completed at 102.72 already. Deeper decline would likely be seen, and next target would be at 101.50 area....
AUDUSD Daily Analysis – April 24, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. Resistance is located at the upper line of the channel, as long as the channel resistance holds, the downtrend could be...
GBPUSD Daily Analysis – April 24, 2014
GBPUSD failed to break above 1.6841 resistance and pulled back to 1.6762, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Deeper decline to test 1.6660 would likely be seen, as long as this level...
EURUSD Daily Analysis – April 24, 2014
EURUSD failed to break above 1.3864 resistance, indicating that the pair remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. As long as 1.3864 resistance holds, the downtrend could...
USDCAD Daily Analysis – April 23, 2014
USDCAD’s upward movement from 1.0857 extended to as high as 1.1042. Support is now at 1.0980, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1100 area....
USDCHF Daily Analysis – April 23, 2014
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8743. As long as the trend line support holds, the uptrend could be expected to continue, and the target would be at...
USDJPY Daily Analysis – April 23, 2014
USDJPY remains in uptrend from 101.32, and the rise extended to as high as 102.72. Further rise is still possible after a minor consolidation, and next target would be at 103.00 area. Support is at the bottom...
AUDUSD Daily Analysis – April 23, 2014
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295. Further decline would likely be seen, and the target would be at 0.9250 area. Key resistance is now at 0.9380, only...