EURUSD Daily Analysis – May 14, 2019
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1135. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 13, 2019
USDCAD failed to break below 1.3376 support and continued its sideways movement in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance would likely be seen in the coming days, a break of...
USDJPY Daily Analysis – May 13, 2019
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
AUDUSD Daily Analysis – May 13, 2019
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7205. As long as the price is in the channel, the downside movement could be expected to continue and next...
GBPUSD Daily Analysis – May 13, 2019
GBPUSD remains in the downtrend from 1.3176, the bounce from 1.2967 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below1.2967 support could trigger another fall towards 1.2900. Resistance is...
EURUSD Daily Analysis – May 13, 2019
EURUSD extended its upside movement from 1.1135 to as high as 1.1253. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
USDCAD Daily Analysis – May 10, 2019
USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance is still possible, a break of this level could trigger further upside movement towards...
USDJPY Daily Analysis – May 10, 2019
USDJPY extended its downside movement from 112.40 to as low as 109.47. Deeper decline is still possible after a minor consolidation and next target would be at 109.00 area. Near term resistance is at 110.30, only break...
AUDUSD Daily Analysis – May 10, 2019
AUDUSD remains in the downtrend from 0.7205, the price action from 0.6962 could be treated as consolidation for the downtrend. As long as the price is in the falling price channel on the 4-hour chart, the downside...
GBPUSD Daily Analysis – May 10, 2019
GBPUSD extended its downside movement from 1.3176 to as low as 1.2967. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3050, a break...