Forex Technical Analysis: eurusd gbpusd usdchf usdjpy Friday, June 28, 2013

EURUSD Analysis. 
EURUSD continues its downward movement from 1.3415, and the fall extends to as low as 1.2985. Further decline could be expected after a minor consolidation, and next target would be at 1.2900 area. Resistance is at 1.3100, only break above this level could signal completion of the downtrend.

Forex: eurusd technical analysis Friday, June 28, 2013

GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5202. Further decline is still possible after a minor consolidation, and next target would be at 1.5100 area. Resistance is at 1.5400, as long as this level holds, the downtrend will continue.

Forex: gbpusd technical analysis Friday, June 28, 2013

USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9487. Further rise is still possible after a minor consolidation, and next target would be at 0.9550 area. Support is now at 0.9400, only break below this level could signal completion of the uptrend.

Forex: usdchf technical analysis Friday, June 28, 2013

USDJPY Analysis.
USDJPY is facing 98.70 resistance, a break above this level will indicate that the uptrend from 93.79 has resumed, then next target would be at 100.00 area. Key support is now located at 96.86, only break below this level could signal completion of the uptrend.

Forex: usdjpy technical analysis Friday, June 28, 2013

Forex Technical Analysis: eurusd gbpusd usdchf usdjpy Thursday, June 27, 2013

EURUSD Analysis. 
EURUSD’s downward movement from 1.3415 extends to as low as 1.2985. Further decline is still possible after a minor consolidation, and next target would be at 1.2950 area. Resistance is now at 1.3100, as long as this level holds, the downtrend will continue.

Forex: eurusd technical analysis Thursday, June 27, 2013

GBPUSD Analysis.
GBPUSD continues its downward movement from 1.5751, and the fall extends to as low as 1.5298. Further decline is still possible, and next target would be at 1.5250 area. Resistance is at 1.5480, only break above this level could signal completion of the downtrend.

Forex: gbpusd technical analysis Thursday, June 27, 2013

USDCAD Analysis.
USDCAD’s fall from 1.0556 extends to as low as 1.0427, suggesting that the uptrend from 1.0137 has completed. Deeper decline would likely be seen, and next target would be at 1.0350 area. Resistance is now at 1.0556, only break above this level could trigger another rise to 1.0600 zone.

Forex: usdchf technical analysis Thursday, June 27, 2013

USDJPY Analysis.
USDJPY continues its sideways movement in a range between 96.86 and 98.70. Key support is located at 96.86, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 93.79, one more rise to 100.00 area is still possible after consolidation. On the downside, a breakdown below 96.86 support will indicate that the upward movement from 93.79 had completed at 98.70 already, then the following downward movement could bring price back to 95.00 zone.

Forex: usdjpy technical analysis Thursday, June 27, 2013

Forex Technical Analysis: eurusd gbpusd usdchf usdjpy Wednesday, June 26, 2013

EURUSD Analysis. 
EURUSD remains in downtrend from 1.3415, the rise from 1.3059 is treated as consolidation of the downtrend. Another fall could be expected after consolidation, and a breakdown below this level could trigger another fall to 1.3000 zone. Resistance is at 1.3175, only break above this level could signal completion of the downtrend.

Forex: eurusd technical analysis Wednesday, June 26, 2013

GBPUSD Analysis.
GBPUSD remains in downtrend from 1.5751, the rise from 1.5343 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.5300 area. Key resistance is at 1.5530, only break above this level could signal completion of the downtrend.

Forex: gbpusd technical analysis Wednesday, June 26, 2013

USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9407. Further rise is still possible, and next target would be at 0.9450 area. Support is at 0.9310, only break below this level could signal completion of the uptrend.

Forex: usdchf technical analysis Wednesday, June 26, 2013

USDJPY Analysis.
USDJPY traded in a narrow range between 96.86 and 98.70. The price action in the range is likely consolidation of the uptrend from 93.79. Further rise would likely be seen after consolidation, and next target would be at 100.00 area. Key support is at 96.86, only break below this level will indicate that the uptrend from 93.79 had completed at 98.70 already, then the following downward movement could bring price back to 95.50 zone.

Forex: usdjpy technical analysis Wednesday, June 26, 2013

Forex Technical Analysis: eurusd gbpusd usdchf usdjpy Tuesday, June 25, 2013

EURUSD Analysis. 
EURUSD’s downward movement from 1.3415 extends to as low as 1.3059. Further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3175, only break above this level could signal completion of the downtrend.

Forex: eurusd technical analysis Tuesday, June 25, 2013

GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5343. Further decline could be expected after a minor consolidation, and next target would be at 1.5300 area. Key resistance is at 1.5530, only break above this level could signal completion of the downtrend.

Forex: gbpusd technical analysis Tuesday, June 25, 2013

USDCHF Analysis.
USDCHF remains in uptrend from 0.9130, the fall from 0.9380 could be treated as consolidation of the uptrend. Another rise to 0.9400 area could be expected after consolidation. Key support is at 0.9250, only break below this level will indicate that the uptrend has completed at 0.9380 already, then the following downward movement could bring price back towards 0.9000.

Forex: usdchf technical analysis Tuesday, June 25, 2013

USDJPY Analysis.
USDJPY remains in uptrend from 93.79, the fall from 98.70 is likely minor consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 100.00 area. Support is at 96.80, as long as this level holds, the uptrend will continue. On the downside, a breakdown below 96.80 support will indicate that the upward movement from 93.79 has completed at 98.70 already, then the following downward movement could bring price back to test 93.79 support.

Forex: usdjpy technical analysis Tuesday, June 25, 2013

Forex Technical Analysis: eurusd gbpusd usdchf usdjpy Monday, June 24, 2013

EURUSD Analysis. 

EURUSD continues its downward movement from 1.3415, and the fall extends to as low as 1.3091. Further decline is still possible after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3255, only break above this level could signal completion of the downtrend.

Forex: eurusd technical analysis Monday, June 24, 2013

GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5368. Further decline could be expected and next target would be at 1.5300 area. Resistance is at 1.5530, only break above this level could signal completion of the downtrend.

Forex: gbpusd technical analysis Monday, June 24, 2013

USDCHF Analysis.
USDCHF’s upward movement from 0.9130 extends to as high as 0.9378. Further rise to 0.9400 area would likely be seen. However, the rise from 0.9130 would possibly be consolidation of the downtrend from 0.9838, as long as 1.0400 resistance holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible after consolidation.

Forex: usdchf technical analysis Monday, June 24, 2013

USDJPY Analysis.
USDJPY’s upward movement from 93.79 extends to as high as 98.56. Further rise would likely be seen, and next target would be at 100.00 area. However, the rise from 93.79 would possibly be correction of the downtrend from 103.73, another fall is still possible after correction. Support is now at 96.80, a breakdown below this level will indicate that the upward movement from 93.79 has completed, then the following downward move could bring price back towards 85.00.

Forex: usdjpy technical analysis Monday, June 24, 2013

Forex : eurusd gbpusd usdchf usdjpy | Friday, June 21, 2013

EURUSD Analysis. 
EURUSD’s downward movement from 1.3415 extends to as low as 1.3161. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3300, only break above this level will suggest that the fall from 1.3415 had completed, then the following upward movement could bring price to test 1.3415 resistance.

Forex: eurusd technical analysis Friday, June 21, 2013

GBPUSD Analysis.
GBPUSD’s downward movement from 1.5751 extends to as low as 1.5415. Further decline is still possible after a minor consolidation, and next target would be at 1.5350 area. Resistance is at 1.5570, only break above this level could trigger another rise to test 1.5751 previous high resistance.

Forex: gbpusd technical analysis Friday, June 21, 2013

USDCHF Analysis.
USDCHF is forming a sideways movement in a range between 0.9130 and 0.9361. The price action in the range is likely consolidation of the downtrend from 0.9838. The sideways movement could be expected to continue in a couple of days. Key resistance is located at 0.9400, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.9000 would likely be seen after consolidation.

Forex: usdchf technical analysis Friday, June 21, 2013

USDJPY Analysis.
USDJPY continues its upward movement from 93.79, and the rise extends to as high as 98.28. Further rise is still possible, and next target would be at 99.00 area. Support is at 96.00, only break below this level could trigger another fall to 92.00 zone.

Forex: usdjpy technical analysis Friday, June 21, 2013

Forex : eurusd gbpusd usdchf usdjpy | Thursday, June 20, 2013

EURUSD Analysis. 

EURUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that the upward movement from 1.2796 had completed at 1.3415 already. Deeper decline is still possible, and the target would be at 1.3200 area. Key resistance is now at 1.3415, only break above this level could trigger another rise towards 1.3600.

Forex: eurusd technical analysis Thursday, June 20, 2013

GBPUSD Analysis.
GBPUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.5008 had completed at 1.5751 already. Further decline could be expected, and the target would be at 1.5400 area. Resistance is at 1.5600, as long as this level holds, the downtrend from 1.5751 will continue.

Forex: eurusd technical analysis Thursday, June 20, 2013

USDCHF Analysis.
USDCHF breaks above 0.9271 key resistance, suggesting that the downward movement from 0.9838 had completed at 0.9130 already. Further rally could be expected in a couple of days, and the target would be at 0.9400 area. Support is now at 0.9175, only break below this level could trigger another fall towards 0.9000.

Forex: usdchf technical analysis Thursday, June 20, 2013

USDJPY Analysis.
USDJPY break above the downward trend line on 4-hour chart, suggesting that the downtrend from 103.73 had completed at 93.79 already. Further rally could be expected, and next target would be at 98.50 area. Support is at 94.80, only break below this level could trigger another fall to 92.00 zone.

Forex: usdjpy technical analysis Thursday, June 20, 2013

Forex : eurusd gbpusd usdchf usdjpy | Wednesday, June 19, 2013

EURUSD Analysis.

EURUSD’s upward movement from 1.2796 extends to as high as 1.3415. Further rise could be expected, and next target would be at 1.3500 area. Support is located at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

Forex: eurusd technical analysis Wednesday, June 19, 2013

GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5008, the price action from 1.5683 could be treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 1.6000 is still possible, only a clear break below the channel support could signal completion of the uptrend.

Forex:  gbpusd technical analysis Wednesday, June 19, 2013

USDCHF Analysis.
Being contained by the resistance of the upper line of the price channel on 4-hour chart, USDCHF pulls back from 0.9271, suggesting that the pair remains in downtrend from 0.9838, and the rise from 0.9130 could be treated as consolidation of the downtrend. Further decline to test 0.9130 previous low support could be expected, a breakdown below this level will signal resumption of the downtrend, then next target would be at 0.9000 area. Key resistance is at 0.9271, only break above this level could indicate that the downtrend from 0.9838 had completed at 0.9130 already, then the following upward movement could bring price back to 0.9400 zone.

Forex:  usdchf technical analysis Wednesday, June 19, 2013

USDJPY Analysis.
No changed in our view, USDJPY remains in downtrend from 103.73, the rise from 93.79 is treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to resume, and next target would be at 92.50 area, only a clear break above the trend line resistance could signal completion of the downtrend.

Forex:  usdjpy technical analysis Wednesday, June 19, 2013

Forex : eurusd gbpusd usdchf usdjpy |Tuesday, June 18, 2013

EURUSD Analysis:

EURUSD remains in uptrend from 1.2796, the fall from 1.3390 is treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and one more rise to 1.3500 area is still possible. On the downside, a clear break below the channel support will suggest that lengthier consolidation of the uptrend is underway, then the pair will find support around 1.3200.

Forex: eurusd technical analysis Tuesday, June 18, 2013

GBPUSD Analysis:

GBPUSD continues its upward movement from 1.5008, and the rise extends to as high as 1.5751. Support is now at 1.5600, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5800 area. On the downside, a breakdown below 1.5600 will indicate that consolidation of the uptrend is underway, then pullback to 1.5550 area could be seen.

Forex: gbpusd technical analysis Tuesday, June 18, 2013

USDCHF Analysis:

USDCHF is testing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that lengthier sideways consolidation of the downtrend from 0.9838 is underway, then the trading range would be between 0.9130 and 0.9350. On the downside, as long as the channel resistance holds, the rise from 0.9130 could be treated as minor consolidation of the downtrend, one more fall towards 0.9000 is still possible after consolidation.

Forex: usdchf technical analysis Tuesday, June 18, 2013

USDJPY Analysis:

No changed in our view, USDJPY remains in downtrend from 103.73, the rise from 93.79 is treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to resume, and next target would be at 92.50 area, only a clear break above the trend line resistance could signal completion of the downtrend.

Forex: usdjpy technical analysis Tuesday, June 18, 2013