USDCAD Weekly Analysis – May 19, 2019
USDCAD moved sideways in a narrow range between 1.3376 and 1.3520 over the past two weeks. As long as the price is above the rising trend line on the daily chart, the price action in the range...
Category: Long Term Forex Analysis
USDJPY Weekly Analysis – May 19, 2019
USDJPY’s downside movement from 112.40 extended to as low as 109.01, the subsequent bounce suggested that the downside move had completed. Further rally would likely be seen next week and next target would be at 111.50 area....
AUDUSD Weekly Analysis – May 19, 2019
AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD Weekly Analysis – May 19, 2019
GBPUSD dropped sharply from 1.3176 to as low as 1.2713. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is at 1.2790, a break of this level could...
EURUSD Weekly Analysis – May 19, 2019
EURUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.1570. Further decline is still possible and next target would be at 1.1000 area. Near term resistance is at 1.1270,...
USDCAD Weekly Analysis – May 11, 2019
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3068. As long as the trend line support holds, the fall from 1.3520 could be treated as consolidation for the...
USDJPY Weekly Analysis – May 11, 2019
USDJPY broke below the rising trend line on the daily chart, suggesting that the upside movement from 105.05 had completed at 112.40 already. Further decline could be expected in a couple of weeks and next target would...
AUDUSD Weekly Analysis – May 11, 2019
AUDUSD remains in the downtrend from 0.7205. Further decline would likely be seen after a minor consolidation and next target would be at 0.6900 area. Resistance is at 0.7068, only a break of this level could trigger...
GBPUSD Weekly Analysis – May 11, 2019
GBPUSD remains in the downtrend from 1.3381, the bounce from 1.2865 is likely corrective consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.2600 area. Resistance is...
EURUSD Weekly Analysis – May 11, 2019
EURUSD remains in the downtrend from 1.1570. As long as the price is below the bearish trend line on the daily chart, the bounce from 1.1110 could be treated as consolidation for the downtrend. Further decline could...