GBPUSD Daily Analysis – May 21, 2014
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864.
Currency Trading
AUDUSD Daily Analysis – May 19, 2014
AUDUSD continued its sideways movement in a range between 0.9318 and 0.9408.
AUDUSD Forecast May 16, 2014, Technical Analysis
The AUDUSD pair went back and forth during the session on Thursday, ultimately printing a fairly neutral candle.
EURUSD Forecast May 15, 2014, Technical Analysis
The EURUSD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level.
GBPUSD Forecast May 14, 2014, Technical Analysis
The GBPUSD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday.
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.
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.