Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

the forex daily analysis 16/4/2014 *LINK* *PIC*

SDCHF broke above 0.8805 resistance, indicating that the downtrend from 0.8952 had completed at 0.8743 already. Range trading between 0.8743 and 0.8850 would likely be seen over the next several days. Key support is at 0.8743, only break below this level could trigger another fall towards 0.8500.

EURUSD remains in uptrend from 1.3672, the fall from 1.3905 could be treated as consolidation of the uptrend. Range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at 1.3905, a break above this level could trigger another rise towards 1.4000.

AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to 0.9600 area is still possible after consolidation. On the downside, a clear break below the channel support will indicate that the uptrend from had completed at 0.9461 already, then deeper decline to 0.9250 area could be seen.