EURUSD Daily Analysis – August 28, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway.
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AUDUSD Forecast August 28, 2014, Technical Analysis
The AUDUSD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level.
GBPUSD Daily Analysis – August 27, 2014
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend.
EURUSD Daily Analysis – August 27, 2014
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152.
AUDUSD Forecast August 27, 2014, Technical Analysis
The AUDUSD pair tried to go higher during the course of the day on Tuesday, and did gain a bit.
USDJPY Forecast August 26, 2014, Technical Analysis
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.
EURUSD Forecast August 12, 2014, Technical Analysis
The EURUSD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity.
GBPUSD Forecast August 12, 2014, Technical Analysis
The GBPUSD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting.
AUDUSD Forecast August 12, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Monday, but not significantly so.
More of the same for the Canadian, but watch the Dixie! (USDCAD)
Like many of the major currency pairs at present, it’s US dollar strength which has been the primary driver over the last few weeks, and for the USDCAD, which moved firmly lower once again, the decline in the price of oil has also added further momentum to the move.