GBPUSD Forecast August 5, 2014, Technical Analysis
The GBPUSD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that.
Currencies
AUDUSD Forecast August 5, 2014, Technical Analysis
The AUDUSD pair initially fell during the day on Monday, but as you can see found enough support to turn things back around and form a hammer.
EURUSD Daily Analysis – August 4, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway.
GBPUSD Daily Analysis – August 4, 2014
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809.
AUDUSD Daily Analysis – August 4, 2014
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 is likely consolidation of the downtrend.
EURUSD Forecast August 1, 2014, Technical Analysis
The EURUSD pair fell during the course of the day on Thursday, but as you can see found enough support below in order to bounce and form a little bit of a hammer.
USDJPY Bullish Pennant (August 1, 2014)
USDJPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could be buying pressure left.
AUDUSD Triangle Breakout (July 31, 2014)
AUDUSD had been trading inside an ascending triangle chart pattern for quite some time before breaking to the downside and indicating that further losses could be in the cards.
EURUSD Forecast July 31, 2014, Technical Analysis
EURUSD pair did fall during the course of the day on Wednesday, but bounce significantly in order to form a bit of a hammer.
Bearish tone continues for the Canadian dollar (USDCAD)
Following on from my recent posts about the bearish nature of the USDCAD and the medium term prospects for the Loonie, today’s advance GDP release has helped to drive the Canadian lower once again, accelerating its downwards progress and adding to yesterday’s wide spread down candle.