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USDCAD Outlook – The Pair Is Near Some Resistances

July 14, 2014 9:18 am GMT+0  in Chart Alert

During the previous USD/CAD outlook update, we had indicated that the price was hitting a mid-term trend-line support and that we could expect some upward gains, including the possibilities of a near-term bottoming. The support was witnessed within a couple of days of posting that outlook. Let’s have the new chart with the current price-action.Read the Rest…

USD/CAD: 14 years Price-Action in a Nutshell – Is A Near-Term Bottom In Place?

July 9, 2014 11:44 am GMT+0  in Chart Alert

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500. Let’s see what else has been going with the currency pair and what can we expect during the coming days. USD/CADRead the Rest…

USD/JPY – Further upside is favored

June 8, 2014 1:48 am GMT+0  in Chart Alert

This USD/JPY update follows the previous post titled “USD/JPY Should See Some More Gains But Caution Needed“. The previous post had indicated gains towards 102.75 resistance. The currency pair had moved that way and touched 102.79 before retreating back and then jumping again. Let’s look into the charts to see what they indicate. We willRead the Rest…

GBP/CAD: The Canadian Dollar may weaken a bit before the Pound Sterling bows again

June 4, 2014 12:02 pm GMT+0  in Chart Alert

GBP/CAD continues the recovery from 1.8100 but the jump from that support was a natural one, considering the psychological aspects of 1.8000 ranges. The daily MACD has given a bullish signal but let’s see if the push is expected to continue or a failure to sustain is in line. The above chart is also showingRead the Rest…

USD/JPY should see some more gains but caution needed

June 3, 2014 2:10 am GMT+0  in Chart Alert

This update follows yesterday’s update where we had mentioned that USD/JPY should gain 36 to 59 pips. Well, as of now the currency pair has gained 48 pips. Some more gains are surely expected but the current price action is near some key resistance levels. Let’s look at the current charts to see what canRead the Rest…

USD/JPY – Will go up by 36 pips or 59 pips?

June 2, 2014 12:04 pm GMT+0  in Chart Alert

USD/JPY had tried to breach 101.43 support but just by 1 pip. The pair had jumped up from 101.42. purely from technical and price-action point of views, the recent moves have a bit or story to tell. And well, that story may be a base to predict the immediate future moves of USD/JPY. To startRead the Rest…

How far EUR/USD may fall?

May 28, 2014 12:00 pm GMT+0  in Chart Alert

The near-term bearish sentiment had become stronger for EUR/USD when the pair had broken below the previous support of 1.3443, after finding a good support 5 pips over that level once. The fact that the pair had fallen strongly, ahead of 1.4000 level can also not be missed. After touching 1.3993 and missing that importantRead the Rest…

EUR/USD on the way to complete double-top chart pattern

May 21, 2014 1:17 pm GMT+0  in Chart Alert

EUR/USD had gone down to 1.3648 last week and in doing so the pair had broken below the hammer styled candle of May 15th. That daily candle had created some doubts about a possible reversal and failure of the chart pattern. However, the subsequent market moves seems to be just a brief market noise andRead the Rest…

Short-term bearish shadows for USD/JPY

April 10, 2014 11:09 am GMT+0  in Chart Alert

We had mentioned on March 15th that we would expect some volatile side ways moves between 100.00 and 105.00 for USD/JPY. The pair is moving that way. The recent strong fall from 104.13 suggested that the resistance of the psychological level of 105.00 is staying intact even when the pair had tried to break overRead the Rest…

Will USD/JPY break the support pattern?

March 15, 2014 3:04 am GMT+0  in Chart Alert

USD/JPY’s fall from 103.76 suggested that the previous support zone had turned into resistance. This fact had brought in the first wave of bearish sentiments and those got stronger when the pair failed the resistance zone which remained in place during February 5th to February 26th. This previous resistance zone was expected to turn intoRead the Rest…

What did GBP/JPY’s recent support whispered?

February 23, 2014 1:33 am GMT+0  in Chart Alert

GBP/JPY surely lost upward momentum during the the last week and that may cast some doubts about the continuation of further gains. However, a deeper look on the recent support indicates that the possibilities of a retest of 174.84 and gains beyond that are quite high. What the recent support indicated? Support of the priceRead the Rest…

Revisiting the combination of resistances for AUD/USD

February 23, 2014 12:18 am GMT+0  in Chart Alert

On February 9, 2014 we had indicated that AUD/USD is up against a combination of resistances. The chart posted in that alert was as follows: AUD/USD on February 9, 2014 Now let’s check the updated chart as on February 23, 2014 The situation is practically unchanged. The attempt for the second recovery failed at 0.9080.Read the Rest…