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
Currency Trading
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 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.
Short Term Daily Forex Analysis – March 27, 2013
USDJPY remains in downtrend from 96.70, the rise from 93.53 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart.
Short Term Daily Forex Analysis – March 22, 2013
USDJPY moves sideways in a trading range between 94.31 and 96.70. The price action in the range is likely consolidation of the uptrend from 90.93.
Short Term Daily Forex Analysis – March 21, 2013
EURUSD remains in downtrend from 1.3711 (Feb 1 high), the rise from 1.2843 is likely consolidation of the downtrend. Key resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall to 1.2800 is still possible.
Short Term – Daily Forex Analysis – March 20, 2013
USDCAD breaks above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0341 had completed at 1.0180 already.
Short Term Daily Forex Analysis
USDCAD may be forming a cycle bottom at 1.0180 on 4-hour chart. Resistance is at the downward trend line, a clear break above the trend line resistance will indicate that the downward movement from 1.0341 had completed at 1.0180 already,
Daily Forex Analysis – March 18, 2013
EURUSD’s downward movement from 1.3711 extends to as low as 1.2888. Key resistance is at 1.3161, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2800 area, only break above 1.3161 resistance could signal completion of the downtrend.