Technical trading amp analysis report 10th February 2015
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for four major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD, as […]
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for four major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD, as […]
City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for four major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD, as well as gold.
The focus is on technical price trends and major support and resistance levels.
EUR/USD has begun to tail in its recent rebound and continues to experience downside pressure toward potential new lows.
GBP/USD has risen towards strong resistance, but could soon be poised for a turn back to the downside.
USD/JPY has broken out above a large triangle consolidation pattern for a possible continuation of the entrenched uptrend.
AUD/USD continues to be pressured heavily on the downside and could soon see new multi-year lows.
Gold has pulled back within its recent rebound but should bottom out in the near-team and continue its potential recovery.