AUDUSD Forecast October 17, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
FOREX
EURUSD Daily Analysis – October 16, 2014
EURUSD’s upward movement extended to as high as 1.2867.
AUDUSD Forecast October 16, 2014, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above.
GBPUSD Daily Analysis – October 15, 2014
GBPUSD broke below 1.5951 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed.
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.
AUDUSD Forecast October 15, 2014, Technical Analysis
The AUDUSD pair fell hard during the course of the day on Tuesday, showing the 0.88 level as been resistance.
GBPUSD Daily Analysis – October 14, 2014
GBPUSD remains in uptrend from 1.5951, the fall from 1.6226 is likely correction of the uptrend.
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.
AUDUSD Reversal Chart Formation – Oct 14, 2014
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.
GBPUSD Daily Analysis – October 8, 2014
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.