EURUSD Daily Analysis – June 5, 2018
EURUSD extended its upside movement from 1.1510 to as high as 1.1744. Key support is now at 1.1617. As long as this level holds, the upside movement could be expected to continue and a clear break above...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – June 4, 2018
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...
USDJPY Daily Analysis – June 4, 2018
USDJPY remains in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall towards 106.00 is possible after the correction. Near term support is at 109.00, a breakdown below this level...
AUDUSD Daily Analysis – June 4, 2018
AUDUSD failed to breakout of 0.7605 resistance and stayed in the trading range between 0.7476 and 0.7605. Another rise to test 0.7605 resistance is possible and a breakout of this level could take the price to 0.7650...
GBPUSD Daily Analysis – June 4, 2018
GBPUSD’s bounce from 1.3204 extended to as high as 1.3361. Further rise could be expected in a couple of days and next target would be at 1.3400, followed by 1.3617. Support levels are at 1.3250 and 1.3204,...
EURUSD Daily Analysis – June 4, 2018
EURUSD’s downside movement from 1.1996 had completed at 1.1510 already. Further rise is possible in the coming days and next target would be at 1.1750, followed by 1.2000. Support levels are at 1.1600 and 1.1510, only break...
USDCAD Daily Analysis – June 1, 2018
USDCAD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.2728. Further rise could be expected over the next several days and next target would be at 1.3100 area. The...
USDJPY Daily Analysis – June 1, 2018
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that corrective consolidation for the downtrend from 111.39 is underway. Range trading between 108.11 and 110.00 could be expected in a...
AUDUSD Daily Analysis – June 1, 2018
AUDUSD is now facing 0.7605 resistance. A breakout of this level could take the price to 0.7650 area. Above here would aim 0.7700 area. Key support is now at 0.7476, only a breakdown below this level could...
GBPUSD Daily Analysis – June 1, 2018
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3617 had completed at 1.3204 already. Further rally would likely be seen and the target would...