Short Term – Daily Forex Analysis – April 9, 2013
USDJPY continues its upward movement from 92.56, and the rise extends to as high as 99.66. Further rise is still possible after a minor consolidation, and next target would be at 101.00 area.
FOREX
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,
Short Term Daily Forex Analysis – March 15, 2013
USDCHF’s upward movement from 0.9021 extends to as high as 0.9567. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the fall from 0.9567 could be treated as consolidation of the uptrend, another rise to 0.9600 area is still possible after consolidation.
Short Term Daily Forex Analysis – March 14
Short Term Daily Forex Analysis – USDJPY stays above a upward trend line on 4-hour chart, and remains in uptrend from 90.93, the fall from 96.70 is treated as consolidation of the uptrend.
Euro pound struggles to break higher
The EUR/GBP continued to struggle at the 0.8750 area once again yesterday, ending the trading session with a doji candle, sending a clear signal of indecision at this level, which has been duly validated in this morning’s early trading session, with the pair retreating lower, and moving back below the 0.8700 region at the time of writing.
FOREX Market Outlook
USDJPY broke below the lower line of the price channel on 4-hour chart, and is now in consolidation of the uptrend from 82.11. Range trading between 86.82 and 89.67 would likely be seen in a couple of days
Forex Market Analysis
USDCHF’s fall from 0.9302 extends to as low as 0.9110. Deeper decline to test 0.9083 support would likely be seen, a breakdown below this level could signal resumption of the downtrend from 0.9511, then next target would be at 0.9000 area.
FOREX Market Analysis
Wednesday FOREX Short-Term Market Analysis – After touching the lower line of the price channel on 4-hour chart, USDJPY rebounds from 86.82, suggesting that a cycle bottom is being formed. Further rise could be expected….
Short-Term Daily FOREX Market Analysis
Monday January 7th Daily FOREX Market Analysis
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