USDCAD Daily Analysis – January 30, 2020
USDCAD extended its upside movement from 1.3035 to as high as 1.3209. Further rise would likely be seen in a couple of days and next target would be at 1.3250 area. Support is now at 1.3153, a...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – January 30, 2020
USDJPY moved sideways in a trading range between 108.73 and 109.26. The price action in the range is likely consolidation for the downtrend from 110.28, further decline to 108.00 area is possible after the consolidation. Resistance is...
AUDUSD Daily Analysis – January 30, 2020
AUDUSD extended its downside movement from 0.6933 to as low as 0.6731. Further decline could be expected and next target would be at 0.6700 area. Near term resistance is at 0.6777, a break of this level could...
GBPUSD Daily Analysis – January 30, 2020
GBPUSD is facing 1.2954 support, a breakdown below this level could trigger further downside movement towards 1.2850, followed by 1.2800. Near term resistance is at 1.3065, only break above this level could trigger another rise towards 1.3200.
EURUSD Daily Analysis – January 30, 2020
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1172. As long as the trend line resistance holds, the bounce from 1.0992 could be treated as consolidation for the...
USDCAD Daily Analysis – January 29, 2020
USDCAD remains in the uptrend from 1.3035, the pullback from 1.3205 is likely consolidation for the uptrend. As long as 1.3117 support holds, the uptrend could be expected to continue and next target would be at 1.3250...
USDJPY Daily Analysis – January 29, 2020
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 110.28 had completed at 108.73 already. Further rally could be expected in a couple of days and next target would be...
AUDUSD Daily Analysis – January 29, 2020
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6933. As long as the trend line resistance holds, the bounce from 0.6736 could be treated as consolidation for the...
GBPUSD Daily Analysis – January 29, 2020
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2954 had completed at 1.3173 already. Further decline would likely be seen in the coming days and...
EURUSD Daily Analysis – January 29, 2020
EURUSD extended its downside movement from 1.1172 to as low as 1.0997. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.0997 could be treated as consolidation for...