AUDUSD Daily Analysis – April 16, 2014
AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to...
Category: Short Term Forex Analysis
GBPUSD Daily Analysis – April 16, 2014
After touching the lower line of the price channel on 4-hour chart, GBPUSD rebounded from 1.6660, indicating that the pair remains in uptrend from 1.6465. Another rise could be expected, and next target would be at 1.7000...
EURUSD Daily Analysis – April 16, 2014
EURUSD remains in uptrend from 1.3672, the fall from 1.3905 could be treated as consolidation of the uptrend. Range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at 1.3905, a break...
USDCAD Daily Analysis – April 15, 2014
USDCAD is now in uptrend from 1.0857. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels could trigger another fall...
USDCHF Daily Analysis – April 15, 2014
USDCHF is facing 0.8805 resistance, a break above this level will signal completion of the downtrend from 0.8952, then range trading between 0.8743 and 0.8825 could be seen to follow. On the downside, as long as 0.8805...
USDJPY Daily Analysis – April 15, 2014
Being contained by 101.20 support, USDJPY rebounded from 101.32, indicating that consolidation of the downtrend from 104.12 is underway. Range trading between 101.32 and 102.40 would likely be seen in a couple of days. Resistance is at...
AUDUSD Daily Analysis – April 15, 2014
AUDUSD moved sideways in a narrow range between 0.9362 and 0.9461. Key support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the price action from...
GBPUSD Daily Analysis – April 15, 2014
GBPUSD’s fall from 1.6820 extended to as low as 1.6696. Deeper decline is still possible and the target would b at the lower line of the price channel on 4-hour chart. As long as the channel support...
EURUSD Daily Analysis – April 15, 2014
EURUSD’s fall from 1.3905 extended to as low as 1.3808. However, the fall is likely consolidation of the uptrend from 1.3672, range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at...
USDCAD Daily Analysis – April 14, 2014
USDCAD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.1278 had completed at 1.0857 already. The pair is now in uptrend. Further rise could be expected and the...