EURUSD Daily Analysis – June 10, 2019
EURUSD extended its upside movement from 1.1116 to as high as 1.1347. As long a the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – June 6, 2019
USDCAD failed to break below 1.3357 support and rebounded from 1.3362. Further rally would likely be seen in the coming days and next target would be at 1.3500 area. Near term support is at 1.3395, a breakdown...
USDJPY Daily Analysis – June 6, 2019
USDJPY broke above 108.45 resistance, suggesting that the downside movement from 109.92 had completed at 107.81 already. Further rally would likely be seen in a couple of days and next target would be at 108.80, followed by...
AUDUSD Daily Analysis – June 6, 2019
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6898 had completed at 0.7007 already. Further decline could be expected in a couple of days and next target would...
GBPUSD Daily Analysis – June 6, 2019
GBPUSD failed to break above 1.2747 resistance and stayed in the trading range between 1.2558 and 1.2747. As long as 1.2747 resistance holds, the price action in the trading range could be treated as consolidation for the...
EURUSD Daily Analysis – June 6, 2019
EURUSD broke below 1.1225 support, suggesting that the short term uptrend from 1.1116 had completed at 1.1306 already. Further decline could be expected in the coming days and next target would be at 1.1200, followed by 1.1180....
USDCAD Daily Analysis – June 5, 2019
USDCAD extended its downside movement from 1.3564 to as low as 1.3375, facing the support level at 1.3357, a breakdown below this level could take the price to 1.3300 area. Near term resistance is at 1.3420, a...
USDJPY Daily Analysis – June 5, 2019
USDJPY remains in the downtrend from 110.67, the bounce from 107.84 is likely consolidation for the downtrend. As long as 108.45 resistance holds, the downside movement could be expected to continue and next target would be at...
AUDUSD Daily Analysis – June 5, 2019
AUDUSD’s upside movement from 0.6898 extended to as high as 0.7003. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – June 5, 2019
GBPUSD moved sideways in a trading range between 1.2558 and 1.2747. As long as 1.2747 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3176, further decline to 1.2500 area is still...