USDCAD Daily Analysis – August 21, 2020
USDCAD extended its downside movement from 1.3715 (Jun 26 high) to as low as 1.3132. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – August 21, 2020
USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further decline would likely be seen in the coming days and next target would be at 105.00 area....
AUDUSD Daily Analysis – August 21, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6776 (Jun 15 low). As long as the trend line support holds, the upside movement could be expected to continue...
GBPUSD Daily Analysis – August 21, 2020
GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. Further rise would likely be seen in the coming days and next target would be at 1.3400...
EURUSD Daily Analysis – August 21, 2020
EURUSD extended its upside movement from 1.1168 (Jun 19 low) to as high as 1.1965. Further rise would likely be seen and next target would be at 1.2100 area. Key support is at 1.1695, only a breakdown...
USDCAD Daily Analysis – August 17, 2020
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
USDJPY Daily Analysis – August 17, 2020
USDJPY is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 107.05 could be treated as consolidation for the uptrend from 104.18, and...
AUDUSD Daily Analysis – August 17, 2020
AUDUSD continued its sideways movement in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation for the uptrend from 0.6776 (Jun 15 low), and further rise to 0.7350 area is possible after the...
GBPUSD Daily Analysis – August 17, 2020
GBPUSD moved sideways in a trading range between 1.2980 and 1.3185. The sideways movement is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds, the uptrend could be expected to...
EURUSD Daily Analysis – August 17, 2020
EURUSD continued its sideways movement in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1168 (Jun 19 low), and a...