EURUSD Daily Analysis – July 31, 2018
EURUSD formed a triangle pattern on its 4-hour chart. A clear break above the top trend line of the pattern could take the price to 1.1900 area, followed by 1.2000. Support is at the bottom of the...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 30, 2018
USDCAD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3289. As long as the price is in the channel, the downtrend could be expected to continue and next target...
USDJPY Daily Analysis – July 30, 2018
USDJPY moved sideways in a trading range between 110.58 and 111.54. As long as 111.54 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 113.17 and a breakdown below 110.58 support could...
AUDUSD Daily Analysis – July 30, 2018
AUDUSD is in short term downtrend from 0.7464. Deeper decline is still possible after a minor consolidation and next target would be at 1.7300 area. Near term resistance is at 0.7425, only break above this level could...
GBPUSD Daily Analysis – July 30, 2018
GBPUSD is facing 1.3070 support, a breakdown below this level could take the price to next support level at 1.2957. On the upside, as long as 1.3070 support holds, the fall from 1.3213 could be treated as...
EURUSD Daily Analysis – July 30, 2018
EURUSD is in short term downtrend from 1.1750. Further decline would likely be seen and next target would be at 1.1550 area. Resistance is at 1.1690, only a break of this level could trigger another rise towards...
USDCAD Daily Analysis – July 27, 2018
USDCAD remains in the downtrend from 1.3289, the bounce from 1.3024 is likely consolidation for the downtrend. Resistance is now at the top trend line of the price channel on the 4-hour chart. As long as the...
USDJPY Daily Analysis – July 27, 2018
USDJPY broke above 111.20 resistance, suggesting that lengthier consolidation for the downtrend from 113.17 is needed. Further rally is possible and the target would be at 111.90 area. Support is at 110.58, only a breakdown below this...
AUDUSD Daily Analysis – July 27, 2018
AUDUSD failed to break above 0.7483 resistance and pulled back from 0.7464. Deeper decline would likely be seen in a couple of days and next target would be at 0.7300 area. On the upside, a break of...
GBPUSD Daily Analysis – July 27, 2018
GBPUSD pulled back from 1.3213 after touching the falling trend line on the 4-hour chart, suggesting that lengthier consolidation for the upside movement from 1.2957 is needed. As long as 1.3070 support holds, the upside movement could...