Short Term – AUDUSD Daily Analysis – February 28, 2014
After touching 0.8906 support, AUDUSD rebounded to 0.8971, indicating that the pair remains in consolidation of the uptrend from 0.8660.
Currency Trading
GBP/USD Forecast February 28, 2014, Technical Analysis
The GBP/USD pair fell during the session on Thursday, only to turn back around and form a hammer for the second day in a row.
USD/JPY Forecast February 25, 2014, Technical Analysis
The USD/JPY pair initially fell during the session on Friday, but as you can see found enough support at the 102 level in order to go higher and form a hammer yet again.
EUR/USD Reversal Pattern – January 22, 2014
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame.
USDJPY Forecast January 15, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well.
USDCAD Daily Analysis – January 14, 2014
USDCAD remains in uptrend from 1.0588, the fall from 1.0945 could be treated as consolidation of the uptrend.
Uptrend on GBP/USD January 13, 2014
GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently.
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)