AUDUSD Reversal Chart Formation – Oct 14, 2014
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.
Currencies
GBPUSD Daily Analysis – October 8, 2014
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
EURUSD Daily Analysis – October 8, 2014
EURUSD is facing 1.2698 resistance, a break of this level will indicate that the downtrend from 1.2994 had completed at 1.2500 already, then further rise to 1.2850 area could be seen.
AUDUSD Daily Analysis – October 8, 2014
AUDUSD broke above 0.8826 resistance, indicating that the downtrend from 0.9401 had completed at 0.8642 already.
GBPUSD Daily Analysis – October 7, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524, as long as the trend line resistance holds, the rise from 1.5951 could be treated as consolidation of the downtrend.
AUDUSD Daily Analysis – October 7, 2014
AUDUSD moved sideways in a trading range between 0.8642 and 0.8826.
EURUSD Descending Trend Line – Oct 7, 2014
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.
Euro Steady Following ECB Meeting
The euro settled below $1.27 on Friday morning after jumping to a seven-month high on Thursday following the European Central Bank’s policy meeting. The common currency traded at $1.2646 at 7:30 GMT after the bank did not suggest that any type of quantitative easing program was on the horizon.
EURUSD Daily Analysis – October 3, 2014
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.2994 had completed at 1.2570 already.
AUDUSD Forecast October 3, 2014, Technical Analysis
The AUDUSD pair fell during the session initially on Thursday, but found enough support to turn things back around and form a hammer.