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EURUSD stays within a downward price channel
EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the...
UK avoids triple-dip recession, sterling up on positive GDP data
Fundamental analysis (25 April 2013) – The sterling received a much needed boost and quickly jumped against its major currency counterparts, including the dollar, as the UK GDP data revealed...
EUR/GBP DAILY as of Thursday, 25 April, 2013
Euro Dollar / British Pound appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed upside resistance level for Euro Dollar /...
GBPUSD rebounded from 1.5197
Being contained by the support of upward trend line from 1.4831 to 1.5034, GBPUSD rebounded from 1.5197, suggesting that the downward movement from 1.5411 has completed. Further rise to test 1.5411...
GBPUSD is facing trend line support
GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had completed at 1.5411 already,...
Last Updated (Sunday, 14 April 2013 10:32) GMT
Weekly Outlook & Forecast For Forex Trading
Note: This Forex Trading outlook section is meant for mid to longer term Forex outlook/analysis and is updated on weekends. This analysis consists of Technical, Fundamental and Psychological factors and is not simply Technical analysis and is not meant for short-term Forex trades. For daily Forex Technical Analysis, please click on the green buttons under Technical Analysis on left-hand side of this page.
EUR/USD: While the break above 200-day moving average had brought the expectations for further upward correction but as we had been mentioning in our chart alerts, the pair has been in a sensitive zone with multiple resistances... (continue reading EUR/USD outlook)
USD/CHF: There is some loss of the downward momentum but on the other hand the price action has been mainly below 5-day EMA and any upward move has been finding resistance just over this resistance level. Some of the other points to be noted are as follows.... (continue reading USD/CHF outlook)
For the trading outlook of other currency pairs please check the green buttons on the left hand side of the page or click on Forex Forecast.
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EUR/USD
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Fundamental Outlook
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Fundamental Outlook EUR/JPY
Fundamental Outlook GBP/JPY
Fundamental Outlook AUD/JPY
Fundamental Outlook
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Last Updated (Wednesday, 24 April 2013 04:07) GMT
Forex: Daily Resistance and Support levels
PAIR Res 1 Res 2 Support 1 Support 2
EUR/USD 1.3065 1.3130 1.2950 1.2910
USD/JPY 100.05 100.55 98.80 98.00
EUR/JPY 130.15 130.85 128.30 127.15
GBP/JPY 152.50 153.30 150.40 149.15
GBP/USD 1.5285 1.5335 1.5190 1.5145
AUD/JPY 102.85 103.45 101.25 100.20
AUD/USD 1.0285 1.0305 1.0235 1.0200
USD/CHF 0.9495 0.9545 0.9365 0.9280
[ Please check the time of update. Please check detailed Forex trading analysis and forecasts on the individual pages of various Forex pairs.
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