EURUSD Daily Analysis – December 10, 2018
EURUSD broke above the upper line of the triangle pattern on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be at 1.1500 area. Near term support is...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – December 7, 2018
USDCAD extended its upside movement from 1.3159 to as high as 1.3444. Support is at 1.3330, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500...
USDJPY Daily Analysis – December 7, 2018
USDJPY extended its downside movement from 114.03 to as low as 112.23. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
AUDUSD Daily Analysis – December 7, 2018
AUDUSD’s downside movement from 0.7393 extended to as low as 0.7191. Resistance is at 0.7270, as long as this level holds, the down trend could be expected to continue and next target would be at 0.7150 area....
GBPUSD Daily Analysis – December 7, 2018
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2658 could be treated as consolidation of the downtrend from 1.3174, and further decline...
EURUSD Daily Analysis – December 7, 2018
EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line...
USDCAD Daily Analysis – December 6, 2018
USDCAD’s upside movement from 1.3159 extended to as high as 1.3400. Further rise is still possible after a minor consolidation and next target would be at 1.3450 area. Near term support is at 1.3330, a breakdown below...
USDJPY Daily Analysis – December 6, 2018
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 114.03. As long as the channel resistance holds, the bounce from 112.57 could be treated as consolidation for the downtrend...
AUDUSD Daily Analysis – December 6, 2018
AUDUSD extended its downside movement from 0.7393 to as low as 0.7224. Further decline is still possible and next target would be at 0.7200, followed by 0.7150. Near term resistance is at 0.7270, a break of this...
GBPUSD Daily Analysis – December 6, 2018
GBPUSD remains in the downtrend from 1.3174. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2500...