GBPUSD Daily Analysis – February 7, 2019
GBPUSD stays in a falling price channel on the 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.2850 area. Near...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – February 7, 2019
EURUSD extended its downside movement from 1.1514 to as low as 1.1360. Further decline is still possible after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1400, only break above this...
USDCAD Daily Analysis – February 6, 2019
USDCAD 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 1.3068 could be treated as consolidation for the downtrend from 1.3374, another...
USDJPY Daily Analysis – February 6, 2019
USDJPY remains in the uptrend from 108.49. Further rise could be expected after a minor consolidation and next target would be at 111.50 area. Near term support is at 109.40, only a breakdown below this level could...
AUDUSD Daily Analysis – February 6, 2019
No changed in our view, AUDUSD remains in the uptrend from 0.7075, the price action from 0.7295 could be treated as consolidation for the uptrend. Another rise towards 0.7400 could be expected after the consolidation. Near term...
GBPUSD Daily Analysis – February 6, 2019
GBPUSD’s downside movement from 1.3217 extended to as low as 1.2924. Further decline is still possible after a minor consolidation and next target would be at 1.2850 area. Near term resistance is at 1.2990, above this level...
EURUSD Daily Analysis – February 6, 2019
EURUSD broke below 1.1406 support, suggesting that the upside movement from 1.1289 had completed at 1.1514 already. Deeper decline could be expected and next target would be at 1.1340 area. Near term resistance is at 1.1440, above...
USDCAD Daily Analysis – February 5, 2019
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3374. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDJPY Daily Analysis – February 5, 2019
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the upside movement from 105.05 has resumed. Further rise could be expected and next target would be at 111.00 area. Support is at 109.20,...
AUDUSD Daily Analysis – February 5, 2019
AUDUSD remains in the uptrend from 0.7075, the fall from 0.7295 is likely consolidation for the uptrend. Further rise towards 0.7400 would likely be seen after the consolidation. Support is at 0.7193, below this level could bring...