EURUSD Testing Major Support – June 2, 2014
EURUSD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions.
ETF
EURUSD Forecast May 29, 2014, get technical Analysis
The EURUSD pair fell during the session on Wednesday, breaking below the 1.36 level towards the end of the day.
USDJPY Forecast May 29, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Wednesday, but as we have seen for the past couple of days, buyer stepped in and push the market back up.
EURUSD Forecast May 28, 2014, Technical Analysis
The EURUSD (FXE, quote) pair fell during most of the session on Tuesday, but found the 1.36 level supportive yet again. Because of this, it appears that the market is ready to grind sideways, as this area although supportive, isn’t necessarily a major support area.
AUDUSD Forecast May 28, 2014, Technical Analysis
The AUDUSD (FXA, quote) pair went back and forth during the session on Tuesday, bouncing off of the 0.9250 level yet again. This is an area that has been extraordinarily supportive, and as a result it doesn’t surprise us that we continue to hang about.
EURUSD Forecast May 22, 2014, Technical Analysis
The EURUSD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support, and as a result we feel that we could very well break higher.
EURUSD Forecast May 22, 2014, Technical Analysis
The EURUSD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support,
USDJPY Forecast May 22, 2014, Technical Analysis
The USDJPY pair initially fell hard during the session on Wednesday, dipping below the significant 101 level. That level has been rather supportive over the last several weeks and as a result we were a bit surprised to see that level broken through.
EURUSD Daily Analysis – May 21, 2014
EURUSD’s downward movement from 1.3993 had completed at 1.3648 already, and the pair is now in uptrend.
GBPUSD Daily Analysis – May 21, 2014
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864.