EURUSD Daily Analysis – November 21, 2014
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend.
Currencies
GBPUSD Daily Analysis – November 21, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend.
AUDUSD Daily Analysis – November 21, 2014
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed,
China’s Central Bank Cuts Rates
Overnight China’s Central Bank surprised markets with a 25 basis point rate cut for 1 year deposits as well as the 1 year lending rate cut of 40 basis points.
AUDUSD Daily Analysis – November 20, 2014
AUDUSD’s fall from 0.8795 extended to as low as 0.8585.
EURUSD Rising Trend Channel – Nov 20, 2014
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for now. MACD is also heading down, which confirms the bearish momentum.
GBPUSD Forecast November 19, 2014, Technical Analysis
The GBPUSD pair initially tried to rally during the session on Tuesday, but struggled in order to hang onto any type of gains, so therefore we ended up falling.
AUDUSD Daily Analysis – November 19, 2014
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8540 had completed
EURUSD Daily Analysis – November 19, 2014
EURUSD stays above the rising trend line on 4-hour chart, and remains in uptrend from 1.2358, the fall from 1.2577 would possibly be consolidation of the uptrend.
EURUSD Daily Analysis – November 18, 2014
EURUSD’s upward movement extended to as high as 1.2577. Further rise is still possible, and next target would be at 1.2600 – 1.2650 area.