USDCAD Daily Analysis – February 3, 2020
USDCAD continued its upside movement from 1.3035 and the rise extended to as high as 1.3252. Further rise could be expected in a couple of days and next target would be at 1.3300 area. Near term support...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – February 3, 2020
USDJPY’s downside movement from 110.28 extended to as low as 108.30. Further decline is still possible and next target would be at 108.00 area. Near term resistance is located at the falling trend line on the 4-hour...
AUDUSD Daily Analysis – February 3, 2020
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.6933. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD Daily Analysis – February 3, 2020
GBPUSD broke above the upper border of the triangle pattern on the 4-hour. Further rally would likely be seen in a couple of days and next target would be at 1.3280, followed by 1.3400. Near term support...
EURUSD Daily Analysis – February 3, 2020
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1172 had completed at 1.0992 already. Further rally is still possible after a minor consolidation and next target would be...
USDCAD Daily Analysis – January 31, 2020
USDCAD’s upside movement from 1.3035 extended to as high as 1.3226. Further rise is still possible and next target would be at 1.3250 area. Support is at 1.3153, a breakdown below this level could bring the price...
USDJPY Daily Analysis – January 31, 2020
USDJPY extended its downside movement from 110.28 to as low as 108.58. As long as 109.26 resistance holds, the downside movement could be expected to continue and next target would be at 108.00 area. On the upside,...
AUDUSD Daily Analysis – January 31, 2020
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6699. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...
GBPUSD Daily Analysis – January 31, 2020
GBPUSD formed a triangle pattern on the 4-hour chart. A break of the upper border of the pattern could take the price to next resistance level at 1.3280, followed by 1.3400. On the downside, a breakdown below...
EURUSD Daily Analysis – January 31, 2020
EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0992 could be treated as consolidation for the downtrend from 1.1172, another...