USDCAD Daily Analysis – March 18, 2014
USDCAD is forming a triangle pattern on 4-hour chart. Deeper decline would likely be seen, and the target would be at the bottom of the triangle pattern. Key support is at 1.0955, as long as this level...
Category: Short Term Forex Analysis
USDCHF Daily Analysis – March 18, 2014
USDCHF remains in downtrend from 0.9081, the rise from 0.8699 is likely consolidation of the downtrend. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the...
USDJPY Daily Analysis – March 18, 2014
Being contained by 101.20 support, USDJPY rebounded to 101.94, suggesting that consolidation of the downtrend from 103.76 is underway. Range trading between 101.20 and 102.50 would likely be seen in a couple of days. As long as...
AUDUSD Daily Analysis – March 18, 2014
AUDUSD is facing 0.9133 resistance, a break above this level will signal resumption of the uptrend from 0.8660 (Jan 24 low), then next target would be at 0.9350 area. Key support is at 0.8924, only break below...
GBPUSD Daily Analysis – March 18, 2014
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6822. Deeper decline could be expected, and the target would be at 1.6500 area. Resistance is located at the upper line of...
EURUSD Daily Analysis – March 18, 2014
EURUSD remains in uptrend from 1.3477, the fall from 1.3966 could be treated as consolidation of the uptrend. Support is at 1.3845, followed by the upward trend line on 4-hour chart. As long as the trend line...
USDCAD Daily Analysis – March 17, 2014
USDCAD failed to break above 1.1192 resistance and pulled back from 1.1153, suggesting that lengthier sideways movement is underway. Deeper decline would likely be seen, and the target would be at 1.0990 area. Key support is at...
USDCHF Daily Analysis – March 17, 2014
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9081. Further decline could be expected after a minor consolidation, and next target would be at 0.8600 area. Key resistance is at...
USDJPY Daily Analysis – March 17, 2014
USDJPY is facing 101.20 support, a breakdown below this level will signal resumption of the downtrend from 105.44 (Jan 2 high), then the following downward movement could bring price to 98.00 area. Resistance is at 101.90, only...
AUDUSD Daily Analysis – March 17, 2014
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend. Another rise towards 0.9350 could be expected after consolidation, and a break above 0.9133 could...