EURUSD Daily Analysis – July 11, 2018
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1527. As long as the price is in the channel, the fall from 1.1790 could be treated as consolidation for...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 10, 2018
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3385. As long as the price is below the trend line, the bounce from 1.3065 could be treated as consolidation...
USDJPY Daily Analysis – July 10, 2018
USDJPY failed to break below 110.27 support and is now facing 111.13 resistance. A breakout of this level would indicate that the upside movement from 109.36 has resumed, then further rise towards 111.50 could be seen. Key...
AUDUSD Daily Analysis – July 10, 2018
AUDUSD’s upside movement from 0.7310 extended to as high as 0.7483. Further rise is still possible in a couple of days and next target would be at 0.7550 area. Support is now at 0.7420, only a breakdown...
GBPUSD Daily Analysis – July 10, 2018
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3049 had completed at 1.3362 already. Further decline could be expected in the coming days and next target would be...
EURUSD Daily Analysis – July 10, 2018
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1527. As long as the trend line support holds, the fall from 1.1790 could be treated as consolidation for the...
USDCAD Daily Analysis – July 9, 2018
USDCAD’s downside movement from 1.3385 extended to as low as 1.3076. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is now at 1.3150, only break above this...
USDJPY Daily Analysis – July 9, 2018
USDJPY is facing 110.27 support, a breakdown below this level could signal resumption of the downtrend from 111.13, then next target would be at 109.70 area. Resistance levels are at 110.80 and 111.13, only break above these...
AUDUSD Daily Analysis – July 9, 2018
AUDUSD extended its upside movement from 0.7310 to as high as 0.7461, breaking above 0.7443 resistance. Further rise is still possible in the coming days and next target would be at 0.7550 area. Support is at 0.7400,...
GBPUSD Daily Analysis – July 9, 2018
GBPUSD broke above 1.3314 resistance and extended its upside movement from 1.3049 to as high as 1.3320. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. On the downside,...