EURUSD Daily Analysis – October 8, 2018
EURUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.1815. As long as the price is in the channel, the bounce from 1.1463 could be treated as consolidation of...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – October 4, 2018
USDCAD’s bounce from 1.2782 extended to as high as 1.2884. However the bounce is likely consolidation for the downtrend from 1.3081. Another fall is possible after the consolidation and a breakdown below 1.2782 support could trigger further...
USDJPY Daily Analysis – October 4, 2018
USDJPY’s upside movement from 110.38 extended to as high as 114.54. Further rise is still possible and next target would be at 115.50 resistance. Near term support is at 113.52, a breakdown below this level could bring...
AUDUSD Daily Analysis – October 4, 2018
AUDUSD is facing 0.7085 support, a breakdown below this level could trigger further downside movement towards 0.7000. Near term resistance is at 0.7130, only a break of this level could bring the price back towards the falling...
GBPUSD Daily Analysis – October 4, 2018
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3298. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
EURUSD Daily Analysis – October 4, 2018
EURUSD continued its downside movement from 1.1815 and the fall extended to as low as 1.1464. Further decline could be expected and next target would be at 1.1400 area. Key resistance is at 1.1593, only a break...
USDCAD Daily Analysis – October 3, 2018
USDCAD remains in the downtrend from 1.3081, the bounce from 1.2782 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2700 area. Resistance is at 1.2870,...
USDJPY Daily Analysis – October 3, 2018
USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 110.38. As long as the price is above the trend line, the pullback from 114.06 could be treated as consolidation...
AUDUSD Daily Analysis – October 3, 2018
AUDUSD extended its downside movement from 0.7314 to as low as 0.7162. Resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be expected...
GBPUSD Daily Analysis – October 3, 2018
GBPUSD continued its downside movement from 1.3298 and the fall extended to as low as 1.2940. Further decline is still possible and next target would be at 1.2800 area. Resistance is located at the falling trend line...