EURUSD Daily Analysis – March 1, 2019
EURUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1234. As long as the price is in the channel, the pullback from 1.1419 could be treated as consolidation for...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – February 28, 2019
USDCAD is facing 1.3112 support, a breakdown below this level could signal resumption of the downtrend from 1.3339, then next target would be at 1.3000 area. Resistance is at 1.3241, only a break of this level could...
USDJPY Daily Analysis – February 28, 2019
USDJPY continued its sideways movement in a trading range between 110.25 and 111.23. As long as 110.25 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.49, a breakout of 111.23 resistance...
AUDUSD Daily Analysis – February 28, 2019
AUDUSD failed to break above 0.7206 resistance and pulled back from 0.7198. Deeper decline would likely be seen and next target would be at 0.7080 area. Only a break above 0.7206 resistance could trigger another rise towards...
GBPUSD Daily Analysis – February 28, 2019
GBPUSD’s upside movement from 1.2772 extended to as high as 1.3350. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Near term support is at 1.3230, a breakdown below...
EURUSD Daily Analysis – February 28, 2019
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1234. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
USDCAD Daily Analysis – February 27, 2019
USDCAD moved sideways in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3339, further decline towards 1.3000 is still possible...
USDJPY Daily Analysis – February 27, 2019
USDJPY remains in the uptrend from 108.49, the price action from 111.12 is likely consolidation for the uptrend. As long as 110.25 support holds, the upside movement could be expected to continue and next target would be...
AUDUSD Daily Analysis – February 27, 2019
AUDUSD is facing 0.7206 resistance, a break of this level would indicate that the uptrend from 0.7054 has resumed then further rise towards 0.7300 could be seen. Near term support is at 0.7140, a breakdown below this...
GBPUSD Daily Analysis – February 27, 2019
GBPUSD extended its upside movement from 1.2772 to as high as 1.3287, breaking above 1.3217 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...