Tag: forex analysis

Technical analysis of USD/CAD for August 20, 2014

General overview for 20/08/2014 13:30 CET

The market is developing the impulsive wave to the upside, just as it was anticipated last week. The first obvious target is the recent swing at the level of 1.0984; the next target is at the level of 1.1020. …

EUR/NZD analysis for August 20, 2014


Since our last
analysis, EUR/NZD has been trading upwards. The price was tested and
rejected from the level of 1.5883. Price has been successfully
rejected again from our Fibonacci retracement 61.8% at the price of
1.5900, which is a sig…

Gold analysis for August 20, 2014


Since our
last analysis, gold has been trading downwards. Just like we expected,
the price tested the level of 1,291.55 in a volume just above average. According to the daily time frame, we can observe supply in
a volume below average. …

Technical analysis of NZD/USD for August 20, 2014


The price of NZD/USD pair has set below the double top (0.8450) since yesterday. Also, it should be noted that the price has formed a strong resistance level of 0.8450. Furthermore, this strong level has still been moving between 100% …

Technical analysis of USD/CHF for August 20, 2014


The USD/CHF pair is going to set strong resistance at the level of 0.9225 and support stands at 0.9103 today. Equally important, the price has still been moving around the key level at 0.9100 since yesterday. Moreover, the USD/CHF pair…

#USDX Technical analysis for August 20, 2014

The Dollar index has broken the bullish flag formation and has confirmed that wave 4 is complete and we have started wave 5 towards 83. The trend is bullish and Dollar strength is expected to continue this week. Price is above the Ichimoku cloud suppor…