EURUSD Daily Analysis – October 17, 2014
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500, the fall from 1.2867 is likely consolidation of the uptrend.
ETF
AUDUSD Forecast October 17, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
EURUSD Daily Analysis – October 16, 2014
EURUSD’s upward movement extended to as high as 1.2867.
AUDUSD Forecast October 16, 2014, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above.
Let’s Hear It For The Oil Speculators!
Let me start this analysis for oil, by highlighting an issue which I always find deeply ironic which is this – when oil prices rise quickly, a hue and cry results with the ‘evil’ speculators blamed who quickly become public enemy number one.
GBPUSD Daily Analysis – October 15, 2014
GBPUSD broke below 1.5951 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed.
EURUSD Double Top Formation – Oct 15, 2014
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600 major psychological support.
AUDUSD Forecast October 15, 2014, Technical Analysis
The AUDUSD pair fell hard during the course of the day on Tuesday, showing the 0.88 level as been resistance.
Brent Prices Remain Low With No Supply Cut Expected
Brent crude oil (BNO, quote) remained below $89 on Tuesday as a global supply glut continued to weight on prices.
Currency Futures Round Up After a Quiet Start
With many of the major trading centres closed yesterday for public holidays, and with little in the way of meaningful fundamental news to drive price action, trading volumes in currency futures remained thin, with the Aussie dollar, the British Pound, the Canadian dollar and the Euro, all consolidating further following the volatile price action of last week.