Gold Makes Significant Bullish Breakthrough On Soft Dollar
Thanks to soft US economic data of late, expectations about an aggressive rate hiking cycle by the Fed has diminished.
USD/CHF
USD/CHF Descending Trend Line Break January 9, 2014
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame.
Short Term – Daily Forex Analysis – November 5, 2013
GBPUSD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to 1.6500 area to complete to upward movement would likely be seen. On the downside, a breakdown below 1.5894 support will suggest that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price back to 1.4500 zone
Short Term – Daily Forex Analysis – November 4, 2013
GBPUSD is facing 1.5894 support, a breakdown below this level will indicate that the uptrend from 1.4813 (Jul 9 low) had completed at 1.6259 already, then the following downward movement could bring price to 1.4500 area.
Short Term – Daily FOREX Analysis – November 1, 2013
EURUSD’s downward movement from 1.3832 extends to as low as 1.3539. Deeper decline to test 1.3462 support is possible, as long as this level holds, the fall could be treated as consolidation of the longer term uptrend from 1.2756 (Jul 9 low)
Short Term – Daily Forex Analysis – October 31, 2013
GBPUSD moves sideways in a trading range between 1.5894 and 1.6259. As long as 1.5894 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813
Short Term – Daily Forex Analysis – September 17, 2013
USDCHF remains in downtrend from 0.9455, the rise from 0.9229 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible. Key resistance is at 0.9340, only break above this level will signal completion of the downtrend, then another rise towards 0.9600 could be seen.
Short-Term Daily Forex Analysis – August 21, 2013
Today’s Short-Term Forex Outlook Ahead of the Federal Reserve Statement
Short-Term Daily Forex Analysis – August 19, 2013
USDJPY failed to break above the resistance of the downward trend line on 4-hour chart, and pulled back from 98.64, suggesting that the pair remains in downtrend from 101.53. Further decline would likely be seen, and next target would be at 96.00 area. Key resistance is located at the trend line, only a clear break above the trend line resistance could signal completion of the downtrend.
Short Term Daily Forex Analysis – August 16, 2013
Short Term Daily Forex Analysis – August 16, 2013 Being contained by the resistance of the downward trend line on 4-hour chart, USDJPY pulls back from 98.64.