EURUSD Daily Analysis – August 28, 2018
EURUSD extended its upside movement from 1.1301 to as high as 1.1693. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – August 27, 2018
USDCAD is facing 1.2986 support, a breakdown below this level could trigger another fall towards 1.2800. Resistance levels are at 1.3055 and 1.3103, only break above these levels could take the price to 1.3200 area.
USDJPY Daily Analysis – August 27, 2018
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 112.15 had completed at 109.77 already. Further rally is still possible in a couple of days and next target would...
AUDUSD Daily Analysis – August 27, 2018
AUDUSD failed to break below 0.7202 support and rebounded strongly from 0.7237. Further rally to test 0.7381 resistance is possible in the coming days, a break of this level could trigger further bullish move to 0.7450 area....
GBPUSD Daily Analysis – August 27, 2018
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3362. A breakdown below 1.2798 support could trigger further downside movement towards 1.2661 previous low. Only a clear break above...
EURUSD Daily Analysis – August 27, 2018
EURUSD failed to break below the bullish trend line on the 4-hour chart and extended its upside movement from 1.1301 to as high as 1.1653. As long as the trend line support holds, the upside movement could...
USDCAD Daily Analysis – August 24, 2018
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already. Further rally would likely be seen in a couple of days and next target would be at 1.3170 area. Support...
USDJPY Daily Analysis – August 24, 2018
USDJPY’s upside movement from 109.77 extended to as high as 110.46, breaking above the falling trend line on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be...
AUDUSD Daily Analysis – August 24, 2018
AUDUSD’s downside movement from 0.7381 extended to as low as 0.7237. Deeper decline to test 0.7202 support is still possible after a minor consolidation. Resistance is at 0.7310, only a break of this level could bring the...
GBPUSD Daily Analysis – August 24, 2018
GBPUSD failed to break above the falling trend line on the 4-hour chart and pulled back from 1.2936, facing the support level at 1.2800. A breakdown below this level could trigger further downside movement towards 1.2700. Near...