Short-Term Uptrend on EURUSD Oct 20, 2014
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.
Euro
EURUSD Daily Analysis – October 17, 2014
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500, the fall from 1.2867 is likely consolidation of the uptrend.
EURUSD Daily Analysis – October 16, 2014
EURUSD’s upward movement extended to as high as 1.2867.
EURUSD Double Top Formation – Oct 15, 2014
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600 major psychological support.
Currency Futures Round Up After a Quiet Start
With many of the major trading centres closed yesterday for public holidays, and with little in the way of meaningful fundamental news to drive price action, trading volumes in currency futures remained thin, with the Aussie dollar, the British Pound, the Canadian dollar and the Euro, all consolidating further following the volatile price action of last week.
EURUSD Daily Analysis – October 14, 2014
EURUSD is facing 1.2791 resistance, a break of this level will signal resumption of the uptrend from 1.2500, then next target would be at 1.2850 area.
EURUSD Descending Trend Line – Oct 7, 2014
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.
EURUSD Daily Analysis – October 3, 2014
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.2994 had completed at 1.2570 already.
EURUSD Daily Analysis – October 2, 2014
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance
EURUSD Daily Analysis – October 1, 2014
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2994, the rise from 1.2570 is likely consolidation of the downtrend.