EURUSD Daily Analysis – December 4, 2018
EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – December 3, 2018
USDCAD is facing the support of the bullish price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3359 could be treated as consolidation for the uptrend from 1.2782 (Oct 1...
USDJPY Daily Analysis – December 3, 2018
USDJPY is in the downtrend from 114.03, the bounce from 113.19 is likely correction for the downtrend. Further decline would likely be seen after the correction and a breakdown below 113.19 support could trigger another fall towards...
AUDUSD Daily Analysis – December 3, 2018
AUDUSD’s upside movement from 0.7199 extended to as high as 0.7380. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – December 3, 2018
GBPUSD is facing 1.2725 support, a breakdown below this level would indicate that the downside movement from 1.3174 has resumed, then further decline towards 1.2500 could be seen. Near term resistance is located at the falling trend...
EURUSD Daily Analysis – December 3, 2018
EURUSD broke below 1.1340 support, suggesting that the rise from 1.1267 had completed at 1.1401 already. The pair is now in downtrend, further decline could be expected and next target would be at 1.1250 area. Resistance is...
USDCAD Daily Analysis – November 30, 2018
USDCAD remains in the uptrend from 1.2782 (Oct 1 low). As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would...
USDJPY Daily Analysis – November 30, 2018
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 112.30 had completed at 114.03 already. The pair is now in downtrend, further decline could be...
AUDUSD Daily Analysis – November 30, 2018
AUDUSD extended its upside movement from 0.7199 to as high as 0.7344, breaking above 0.7337 resistance. The upside movement could be expected to continue and next target would be at 0.7400 area. Near term support is at...
GBPUSD Daily Analysis – November 30, 2018
GBPUSD failed to break above the bearish trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.3174. As long as the trend line resistance holds, the price action from 1.2723 could...