AUDUSD Forecast June 23, 2016, Technical Analysis
The AUDUSD pair rose during the course of the session on Wednesday, breaking out to a fresh, new high.
FOREX
EURUSD Rising Channel June 23, 2016
EURUSD seems to have bullish momentum on its side at the moment, as price is moving inside an ascending channel and bouncing off support. A test of the channel resistance at 1.1600 could be underway but there’s nearby resistance at the top of a longer-term range around 1.1450.
GBPUSD Forecast June 21, 2016, Technical Analysis
The GBPUSD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep this market somewhat soft, and this was initially a “knee-jerk reaction” to the latest polling data out of the UK when it comes to the EU referendum.
EURUSD Forecast June 21, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the day on Monday as we gapped at the open, but at the end of the day we did up turning right back around and filling that gap.
AUDUSD Forecast June 21, 2016, Technical Analysis
The AUDUSD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle.
USDJPY Now Has 100 In Sight
It was yet another interesting week for the USD, which continued to remain firmly in the control of the bears, with the pair closing the week on a wide spread down candle as pressure continues to build on the pair.
GBPUSD Weekly Analysis – June 19, 2016
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012.
AUDUSD Weekly Analysis – June 19, 2016
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend.
EURUSD Weekly Analysis – June 19, 2016
EURUSD is testing the support of the price channel on daily chart.
EURUSD Weekly Analysis – June 12, 2016
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517.