USDJPY Daily Analysis – November 12, 2018
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 111.37. As long as the price is in the channel, the upside movement could be expected to continue and next...
Category: Short Term Forex Analysis
AUDUSD Daily Analysis – November 12, 2018
AUDUSD pulled back to 0.7215 area. Deeper decline is still possible and next target would be at bullish trend line on the 4-hour chart. However, as long as the trend line support holds, the pullback could be...
GBPUSD Daily Analysis – November 12, 2018
GBPUSD extended its downside movement from 1.3174 to as low as 1.2913. Further decline is still possible after a minor consolidation and next target would be at 1.2850 area. Resistance is at 1.3050, only a break of...
EURUSD Daily Analysis – November 12, 2018
EURUSD is facing 1.1302 support, a breakdown below this level could trigger further downside movement towards 1.1200. Resistance is at 1.1400, only a breakout of this level could bring the price back towards 1.1550.
USDCAD Daily Analysis – November 9, 2018
USDCAD broke above 1.3169 resistance, suggesting that the uptrend from 1.2782 has resumed. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3048, only a breakdown below this level...
USDJPY Daily Analysis – November 9, 2018
USDJPY extended its upside movement from 111.37 to as high as 114.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target...
AUDUSD Daily Analysis – November 9, 2018
AUDUSD extended its upside movement from 0.7020 to as high as 0.7302. Further rise is still possible and next target would be at 0.7340 area. Support is at 0.7220, a breakdown below this level would indicate that...
GBPUSD Daily Analysis – November 9, 2018
GBPUSD broke below the bottom of the price channel on its 4-hour chart, suggesting that the uptrend from 1.2695 had completed at 1.3174 already. Resistance is at 1.3100, only a break of this level could trigger another...
EURUSD Daily Analysis – November 9, 2018
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1302 had completed at 1.1499 already. Further decline could be expected after a minor consolidation and next target would be...
USDCAD Daily Analysis – November 8, 2018
USDCAD continued its sideways movement in a trading range between 1.3048 and 1.3169. The sideways move is likely consolidation for the uptrend from 1.2782. As long as 1.3048 support holds, the upside movement could be expected to...