EURUSD Daily Analysis – December 14, 2018
EURUSD is forming a triangle pattern on its 4-hour chart. A break of the upper line of the pattern would take the price to 1.1500 area. On the downside, a breakdown below the bottom trend line could...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – December 13, 2018
USDCAD remains in the uptrend from 1.3159, the price action from 1.3444 could be treated as consolidation for the uptrend. Another rise to test 1.3444 resistance is possible and a breakout could trigger further upside movement towards...
USDJPY Daily Analysis – December 13, 2018
USDJPY remains in the uptrend from 112.23, further rise could be expected after a minor consolidation and next target would be at 114.00 area. Near terms support is at 113.00, a breakdown below this level could bring...
AUDUSD Daily Analysis – December 13, 2018
AUDUSD continued its sideways movement in a trading range between 0.7178 and 0.7241. As long as 0.7241 resistance holds, the downtrend from 0.7393 could be expected to resume and further decline towards 0.7100 is still possible after...
GBPUSD Daily Analysis – December 13, 2018
GBPUSD’s bounce from 1.2475 extended to as high as 1.2671, breaking above 1.2640 resistance. Further rally is still possible and the target would be at the falling trend line on the 4-hour chart. As long as the...
EURUSD Daily Analysis – December 13, 2018
EURUSD continued its sideways movement in a triangle pattern on the 4-hour chart. Resistance is at the top trend line of the pattern, breakthrough this trend line could take the price to 1.1500 area. Support is at...
USDCAD Daily Analysis – December 12, 2018
USDCAD failed to breakout of 1.3444 resistance and pulled back to 1.3370. However another rise to test 1.3444 resistance is still possible and a breakout of this level could trigger further upside movement towards 1.3500. Support is...
USDJPY Daily Analysis – December 12, 2018
USDJPY extended its upside movement from 112.23 to as high as 113.51. Further rise is still possible and next target would be at 114.00 area. Near term support is at 113.00, below this level could bring the...
AUDUSD Daily Analysis – December 12, 2018
AUDUSD stays in a narrow range between 0.7178 and 0.7241. The price action in the range is likely consolidation for the downtrend from 0.7393. As long as 0.7241 resistance holds, the downside movement could be expected to...
GBPUSD Daily Analysis – December 12, 2018
GBPUSD extended its downside movement from 1.2927 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Resistance is at 1.2640, only a break of this level could bring...