EURUSD Daily Analysis – December 19, 2013
EURUSD is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.3296 (Nov 7 low) could be expected to resume, and another...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – December 18, 2013
USDCAD is forming a sideways consolidation in a range between 1.0561 and 1.0707. Key support is at 1.0561, as long as this level holds, the uptrend from 1.0182 (Sep 19 low) could be expected to resume, and...
USDCHF Daily Analysis – December 18, 2013
USDCHF broke below 0.8829 support, and continues its downward movement from 0.9249 (Nov 7 high). Further decline could be expected, and next target would be at 0.8750 area. Initial resistance is at the upper line of the...
USDJPY Daily Analysis – December 18, 2013
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 103.92 could be treated as consolidation of the uptrend. Support is located at the lower...
AUDUSD Daily Analysis – December 18, 2013
AUDUSD’s downward movement from 0.9756 (Oct 23 high) extended to as low as 0.8882. Further decline to test 0.8847 (Aug 5 low) support is still possible. Initial resistance is at 0.8970, and the key resistance is located...
GBPUSD Daily Analysis – December 18, 2013
GBPUSD’s downward movement from 1.6465 extended to as low as 1.6219. Resistance is at 1.6348, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6150 area. On...
EURUSD Daily Analysis – December 18, 2013
EURUSD continues its sideways movement in a narrow range between 1.3709 and 1.3810. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price action in...
USDCAD Daily Analysis – December 17, 2013
USDCAD is facing 1.0561 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is underway, then deeper decline to 1.0500 area could be seen. On the upside,...
USDCHF Daily Analysis – December 17, 2013
USDCHF’s downward movement from 0.9249 extended to as low as 0.8839, the subsequent bounce suggest that consolidation of the downtrend is underway. Resistance is located at the upper line of the price channel on 4-hour chart, as...
USDJPY Daily Analysis – December 17, 2013
USDJPY remains in uptrend from 96.94 (Oct 25 low), the fall from 103.92 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long...