AUDUSD Daily Analysis – April 24, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461.
FOREX
AUDUSD Daily Analysis – April 23, 2014
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
AUDUSD Forecast April 22, 2014, Technical Analysis
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
USDJPY Rising Channel Pattern (April 22, 2014)
USDJPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair.
EURUSD Daily Analysis – April 21, 2014
EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend.
AUDUSD Daily Analysis – April 21, 2014
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314.
EURUSD Forecast April 16, 2014, Technical Analysis
The EURUSD pair went back and forth during the session on Tuesday, forming a very neutral candle.
Cable preparing to test 1,6800 once more
The last few days have once again seen Cable test the 1.6800 region, only to fail and reverse once more, with the June futures contract currently trading at 1.6710 on the daily chart. Following the strong gains of last week, which saw the pair surge higher with three wide spread up candles, the first sign of possible short term weakness appeared on Thursday with the doji candle.
USDJPY Forecast April 15, 2014, Technical Analysis
The USDJPY pair rose during the session on Monday, bouncing off of the obvious support level near the 101.25 level.
EURUSD Forecast April 15, 2014, Technical Analysis
The EURUSD pair fell during the session on Monday, gapping lower as ECB members suggested that perhaps more monetary stimulus could come into play as the Euro is overvalued in their opinion.