GBPUSD Daily Analysis – October 23, 2014
GBPUSD failed to break above 1.6226 resistance, and stayed in the trading range between 1.5874 and 1.6226.
GBPUSD failed to break above 1.6226 resistance, and stayed in the trading range between 1.5874 and 1.6226.
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2500 had completed at 1.2867 already.
The AUDUSD pair tried to break out above the 0.88 level yet again, but on Wednesday found the sellers more than willing and up to the task of keeping the markets down.
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500.
The AUDUSD pair did almost nothing during the session on Monday, testing the 0.88 level above for resistance.
GBPUSD remains in downtrend from 1.6524, the price action from 1.5951 is likely consolidation of the downtrend.
AUDUSD stays in the trading range between 0.8642 and 0.8898.
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.
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.
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above.