USDCHF Daily Analysis – March 21, 2014
USDCHF is now in uptrend from 0.8699. Further rise would likely be seen in a couple of days, and the target would be at 0.8900 area. Support levels are at 0.8765 and 0.8699, only break below these...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – March 21, 2014
USDJPY moved sideways in a trading range between 101.20 and 103.76. Key support is at 101.20, a breakdown below this level will indicate that the downtrend from 103.76 has resumed, then the following downward movement could bring...
AUDUSD Daily Analysis – March 21, 2014
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8660, the fall from 0.9137 could be treated as consolidation of the uptrend. Key support is located at that lower line of...
GBPUSD Daily Analysis – March 21, 2014
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.6785, and the fall extended to as low as 1.6480. As long as the trend line resistance holds, the downtrend could be...
EURUSD Daily Analysis – March 21, 2014
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3477 had completed at 1.3966 already. Deeper decline could be expected, and next target would be at 1.3700 area. Resistance is at...
USDCAD Daily Analysis – March 20, 2014
USDCAD broke above 1.1224 (Jan 31 high) resistance and reached as high as 1.1271. Further rise could be expected, and next target would be at 1.1400 area. Support is at 1.1185, as long as this level holds,...
USDCHF Daily Analysis – March 20, 2014
USDCHF broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 0.9081 had completed at 0.8699 already. Further rally would likely be seen, and the target would be at 0.8900 area. Support levels...
USDJPY Daily Analysis – March 20, 2014
USDJPY failed to break below 101.20 support and rebounded to as high as 102.68. However, the rise is likely correction of the downtrend from 103.76, another fall to re-test 101.20 support is still possible, a breakdown below...
AUDUSD Daily Analysis – March 20, 2014
AUDUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back to 0.9001. Deeper decline would likely be seen, and the target would be at the lower line of the...
GBPUSD Daily Analysis – March 20, 2014
GBPUSD’s downward movement form 1.6785 extended to as low as 1.6508. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue,...