Currency Trading

EURUSD Forecast July 9, 2014, Technical Analysis

The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.

AUDUSD Forecast July 9, 2014, Technical Analysis

The AUDUSD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer.

AUDUSD Forecast July 8, 2014, Technical Analysis

The AUDUSD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer.

EURUSD FXE

The EURUSD pair initially fell during the session on Monday, but found enough support below the 1.36 level in order to continue going higher.

USDJPY Forecast July 8, 2014, Technical Analysis

The USDJPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation.

AUDUSD Forecast July 7, 2014, Technical Analysis

The AUDUSD pair rose slightly during the session on Friday, testing the 0.9350 level for support.

EURUSD Forecast July 2, 2014, Technical Analysis

The EURUSD pair fell during the session on Tuesday, as the 1.37 level did in fact offer resistance.

AUDUSD Channel Bounce? (July 2, 2014)

The rising channel on AUDUSD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel.

EURUSD FXE

EURUSD is facing 1.3651 resistance, a break above this level will signal resumption of the short term uptrend from 1.3512, then further rise to test 1.3676 key resistance could be seen.

EURUSD Forecast June 27, 2014, Technical Analysis

The EURUSD pair fell during the session on Thursday, but you can see found enough support to bounce and form a hammer.