AUDUSD Weekly Analysis – November 23, 2014
AUDUSD stays in a trading range between 0.8540 and 0.8910.
ETF
GBPUSD Weekly Analysis – November 23, 2014
GBPUSD remains in downtrend from 1.7190.
EURUSD Weekly Analysis – November 23, 2014
EURUSD failed to break above the upper line of the price channel on daily chart, indicating that the pair remains in downtrend from 1.3993.
EURUSD Daily Analysis – November 21, 2014
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend.
GBPUSD Daily Analysis – November 21, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend.
AUDUSD Daily Analysis – November 21, 2014
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed,
Buyers Return To Gold, But For How Much Longer?
The price action for gold throughout much of November could best be described as chaotic, with volatile days of price action subsequently followed by periods of relative inactivity, only to be replaced with extreme and unpredictable swings intraday. And perhaps the place to start with any analysis for the precious metal is on the weekly chart, for a more considered view of the price action.
China’s Central Bank Cuts Rates
Overnight China’s Central Bank surprised markets with a 25 basis point rate cut for 1 year deposits as well as the 1 year lending rate cut of 40 basis points.
AUDUSD Daily Analysis – November 20, 2014
AUDUSD’s fall from 0.8795 extended to as low as 0.8585.
EURUSD Rising Trend Channel – Nov 20, 2014
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for now. MACD is also heading down, which confirms the bearish momentum.