EURUSD Daily Analysis – October 1, 2018
EURUSD extended its downside movement from 1.1815 to as low as 1.1569. Further decline is still possible in a couple of days and next target would be at 1.1400 area. Resistance is at 1.1680, as long as...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – September 28, 2018
USDCAD extended its upside movement from 1.2884 to as high as 1.3081, breaking above 1.3064 resistance. Further rally could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is...
USDJPY Daily Analysis – September 28, 2018
USDJPY extended its upside movement from 110.38 to as high as 113.63. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD Daily Analysis – September 28, 2018
AUDUSD broke below 0.7236 support, suggesting that the upside movement from 0.7085 had completed at 0.7314 already. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Near term...
GBPUSD Daily Analysis – September 28, 2018
GBPUSD is facing 1.3054 support, a breakdown below this level will confirm that the downtrend from 1.3298 has resumed, then further decline to 1.2900 area could be seen. Near term resistance is at 1.3130, only a break...
EURUSD Daily Analysis – September 28, 2018
EURUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.1526 had completed at 1.1815 already. Further decline would likely be seen in a couple...
USDCAD Daily Analysis – September 27, 2018
USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2884 already. The pair is now facing 1.3064 resistance, a breakout of this level could trigger...
USDJPY Daily Analysis – September 27, 2018
Being contained by 113.17 (Jul 19 high) resistance, USDJPY pulled back sharply from 113.13, breaking below the rising trend line on the 4-hour chart. Deeper decline to test 112.39 support is possible in the coming days. However...
AUDUSD Daily Analysis – September 27, 2018
AUDUSD is facing 0.7236 support, a breakdown below this level would indicate that the upside movement from 0.7085 had completed at 0.7314 already, then further decline to 1.7150 area could be seen. On the upside, as long...
GBPUSD Daily Analysis – September 27, 2018
No changed in our view, GBPUSD remains in the downtrend from 1.3298, the bounce from 1.3054 is likely correction for the downtrend. Near term support is at the bottom of the price channel on the 4-hour chart....