GBPUSD Daily Analysis – January 25, 2019
GBPUSD extended its upside movement from 1.2396 to as high as 1.3128. 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...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – January 25, 2019
EURUSD failed to break above the falling trend line on the 4-hour chart and extended its downside movement from 1.1570 to as low as 1.1289. As long as the trend line resistance holds, the downside movement could...
USDCAD Daily Analysis – January 24, 2019
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3179. As long as the price is in the channel, the upside movement could be expected to continue and next...
USDJPY Daily Analysis – January 24, 2019
USDJPY moved sideways in a trading range between 109.14 and 109.99. As long as 109.14 support holds, the price action in the range could be treated as consolidation for the uptrend from 107.76, further rise to 110.40...
AUDUSD Daily Analysis – January 24, 2019
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7235. As long as the price is in the channel, the downside movement could be expected to continue and next...
GBPUSD Daily Analysis – January 24, 2019
GBPUSD broke above 1.3000 resistance and extended its upside movement from 1.2396 to as high as 1.3094. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support...
EURUSD Daily Analysis – January 24, 2019
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 1.1336 could be treated as consolidation for the downtrend from 1.1570, another...
USDCAD Daily Analysis – January 23, 2019
USDCAD broke above 1.3322 resistance, suggesting that lengthier correction for the downtrend from 1.3664 is needed. Further rally could be expected and next target would be at 1.3400 area. Support is located at the bottom of the...
USDJPY Daily Analysis – January 23, 2019
USDJPY is facing 109.88 resistance, a break of this level could trigger further upside movement to 110.40 area. Key support is now at 109.14, a breakdown below this level could bring the price back to 107.50 zone.
AUDUSD Daily Analysis – January 23, 2019
AUDUSD continued its downside movement from 0.7235 and the fall extended to as low as 0.7115. Deeper decline to test 0.7100 support is still possible. As long as this level holds, the downside movement could be treated...