EURUSD Daily Analysis – July 7, 2014
EURUSD’s downward movement from 1.3700 extended to as low as 1.3580.
ETF
GBPUSD Forecast July 2, 2014, Technical Analysis
The GBPUSD pair continued its bullish move on Tuesday, breaking above the 1.7150 level. The action from the Tuesday session suggests that the market is in fact going to continue going higher, as we try to get to the 1.75 level.
Oil prices continue to drift lower in early trading
Oil continues to find it hard work, building on the bullish breakout of mid June, having moved into a sustained phase of price congestion over the last few weeks, as it continues to slide lower ahead of today’s oil inventories report.
AUDUSD Channel Bounce? (July 2, 2014)
The rising channel on AUDUSD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel.
EURUSD Daily Analysis – June 30, 2014
EURUSD is facing 1.3651 resistance, a break above this level will signal resumption of the short term uptrend from 1.3512, then further rise to test 1.3676 key resistance could be seen.
GBPUSD Daily Analysis – June 30, 2014
GBPUSD is testing 1.7062 resistance, a break of this level will indicate that the uptrend from 1.6692 has resumed, then next target would be at 1.7200 area.
AUDUSD Daily Analysis – June 30, 2014
AUDUSD is testing 0.9444 resistance, a break above this level will indicate that the uptrend from 0.9208 has resumed, then next target would be at 0.9500 area.
EURUSD Forecast June 27, 2014, Technical Analysis
The EURUSD pair fell during the session on Thursday, but you can see found enough support to bounce and form a hammer.
AUDUSD Forecast June 26, 2014, Technical Analysis
The AUDUSD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle.
USDJPY Symmetrical Triangle Breakout – June 26, 2014
USDJPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair.