EURUSD Weekly Analysis – January 26, 2020
EURUSD broke below the rising trend line on the daily and is now in the downtrend from 1.1239. Further decline would likely be seen and next target would be at 1.0900 area. Resistance is located at the...
Category: Long Term Forex Analysis
USDCAD Weekly Analysis – January 19, 2020
USDCAD remains in the downtrend from 1.3382, the bounce from 1.2951 is likely consolidation for the downtrend. Further decline is possible and next target would be at 1.2800 area. Near term resistance is at 1.3110, a break...
USDJPY Weekly Analysis – January 19, 2020
USDJPY extended its upside movement from 104.44 to as high as 110.28, breaking above 109.72 resistance. Further rise could be expected next week and next target would be at 111.50 area. Near term support is at 109.40,...
AUDUSD Weekly Analysis – January 19, 2020
AUDUSD is now in the downtrend from 0.7031, further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700. Near term resistance is at 0.6940, only break above this...
GBPUSD Weekly Analysis – January 19, 2020
GBPUSD is facing 1.2905 support, a breakdown below this level could signal resumption of the downtrend from 1.3514, then further decline to 1.2600 area could be seen. Near term resistance is at 1.3300, a break of this...
EURUSD Weekly Analysis – January 19, 2020
EURUSD is facing the key support level at 1.1066, a breakdown below would confirm that the upside movement from 1.0981 had completed at 1.1239 already, then another fall towards 1.0800 could be seen. On the upside, as...
USDCAD Weekly Analysis – January 12, 2020
USDCAD remains in the downtrend from 1.3327, the bounce from 1.2951 is likely consolidation for the downtrend. As long as 1.3110 resistance holds, the downtrend could be expected to resume, and further decline to 1.2800 area is...
USDJPY Weekly Analysis – January 12, 2020
After touching 107.88 support, USDJPY rebounded strongly to 109.69, facing the resistance level at 109.72. Further rise would likely be seen next week and next target would be at 111.00 area. Near term support is at 108.95,...
AUDUSD Weekly Analysis – January 12, 2020
AUDUSD broke below the rising trend line on the daily chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already. Further decline would likely be seen in a couple of weeks and next target...
GBPUSD Weekly Analysis – January 12, 2020
GBPUSD is now in the downtrend from 1.3514. Further decline would likely be seen in a couple of weeks and next target would be at 1.2600 area. Near term resistance is at 1.3300, only break above this...