GBPUSD Daily Analysis – April 1, 2014
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465, and the rise extended to as high as 1.6684. As long as the trend line support holds, the uptrend could be...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – April 1, 2014
EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.3966 had completed at 1.3705 already, then the following upward...
USDCAD Daily Analysis – March 31, 2014
USDCAD remains in downtrend from 1.1278, the rise from 1.1000 would possibly be consolidation of the downtrend. Key resistance is at 1.1100, as long as this level holds, the downtrend could be expected to resume, and next...
USDCHF Daily Analysis – March 31, 2014
USDCHF’s upward movement from 0.8699 extended to as high as 0.8898. Further rise could be expected after a minor consolidation, and next target would be at 0.8950 area. Key support is at 0.8787, only break below this...
USDJPY Daily Analysis – March 31, 2014
USDJPY broke above 102.68 resistance, suggesting that he uptrend from 101.20 has resumed. Further rise could be expected in a couple of days, and next target would be at 103.50 area. Support is at 102.30, only break...
AUDUSD Daily Analysis – March 31, 2014
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294. Support is at 0.9200, as long as this level holds, the fall from 0.9294 could be treated as consolidation of the...
GBPUSD Daily Analysis – March 31, 2014
GBPUSD continued its upward movement from 1.6465, and the rise extended to as high as 1.6656. Further rise could be expected, and next target would be at 1.6750 area. Support is at 1.6580, only break below this...
EURUSD Daily Analysis – March 31, 2014
EURUSD’s downward movement from 1.3966 extended to as low as 1.3705. Resistance is now located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to...
USDCAD Daily Analysis – March 28, 2014
USDCAD’s downward movement from 1.1278 extended to as low as 1.1013. Further decline could be expected after a minor consolidation, and the target would be at 1.0950 area. Resistance is at 1.1100, only break above this level...
USDCHF Daily Analysis – March 28, 2014
USDCHF remains in uptrend from 0.8699, the price action in the range between 0.8787 and 0.8878 is likely consolidation of the uptrend. Key support is at 0.8787, as long as this level holds, the uptrend could be...