EURUSD Daily Analysis – April 14, 2014
EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already.
EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already.
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465, the fall from 1.6820 could be treated as consolidation of the uptrend.
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend.
USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area.
The GBPUSD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer.
AUDUSD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today.
AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439.
USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend.
EURUSD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over.
The Aussie dollar (AUSUSD) continued to build on the bullish momentum of the last few weeks, with the June futures contract closing the session with a wide spread up candle on the daily chart, surging through the 0.9300 region on good volumes.