EURUSD Forecast May 13, 2014, Technical Analysis
The EURUSD pair did almost nothing during the session on Monday, as the market sits right on top of the 1.3750 level, an area that we know is supportive.
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GBPUSD Daily Analysis – May 12, 2014
GBPUSD is facing the support of the lower line of the price channel on 4-hour chart.
EURUSD Daily Analysis – May 12, 2014
EURUSD’s downward movement from 1.3993 extended to as low as 1.3745.
AUDUSD Daily Analysis – May 12, 2014
AUDUSD remains in uptrend from 0.9202, the fall from 0.9394 is likely consolidation of the uptrend.
USDJPY Daily Analysis – May 12, 2014
USDJPY broke above 102.00 resistance, indicating that the downward movement from 103.02 had completed at 101.43 already.
EUR/USD Forecast May 9, 2014, Technical Analysis
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro. The 1.40 level has been rather resistive, and on top of that the European Central Bank has suggested that the 1.40 level is in fact a bit too rich for their liking.
USDJPY Forecast May 9, 2014, Technical Analysis
The USDJPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level.
AUDUSD Forecast May 8, 2014, Technical Analysis
The AUDUSD pair fell during the session on Wednesday, but ultimately found a little bit of support around the 0.93 level.
USDJPY Forecast May 8, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session, and as a result the buyer stepped in and push the market back up.
China Gold Bar Consumption Drops
Gold (GLD, quote) demand in China dropped off in the first quarter of 2014. Economist are citing the weakness in gift giving of gold bars.