EURUSD Daily Analysis – April 9, 2014
EURUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3966 had completed at 1.3672 already.
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GBPUSD Daily Analysis – April 8, 2014
GBPUSD broke above 1.6620 resistance, suggesting that the downward movement from 1.6684 had completed.
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USDJPY Daily Analysis – April 8, 2014
USDJPY is facing the support of the lower line of the price channel on 4-hour chart.
AUDUSD Daily Analysis – April 8, 2014
After touching 0.9303 resistance, AUDUSD pulled back from 0.9306, suggesting that lengthier sideways movement is underway.
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Brent Under Pressure As Supply Increases Weigh
Brent crude oil fell below $106 to start the week as the Libyan government neared a deal with rebels to reopen several of its largest oilfields. The commodity traded at $105.83 at 6:15 GMT on Monday morning as investors braced for an influx of supply.
EURUSD Daily Analysis – April 7, 2014
EURUSD broke below 1.3705 support, and continued its downward movement from 1.3966, and the fall extended to as low as 1.3672.
GBPUSD Daily Analysis – April 7, 2014
GBPUSD’s fall from 1.6684 extended to as low as 1.6553.
AUDUSD Daily Analysis – April 7, 2014
AUDUSD broke above 0.9303 resistance, suggesting that the uptrend from 0.8924 has resumed.