EURUSD Daily Analysis – May 30, 2018
EURUSD extended its downside movement from 1.1996 to as low as 1.1510. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 29, 2018
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on...
USDJPY Daily Analysis – May 29, 2018
USDJPY broke below 108.95 support, suggesting that the downside movement from 111.39 has resumed. Further decline could be expected and next target would be at 108.00 area. Resistance is now at 109.82, as long as this level...
AUDUSD Daily Analysis – May 29, 2018
AUDUSD broke below 0.7522 support. Deeper decline would likely be seen and the target would be at the bottom support trend line of the price channel on the 4-hour chart. A clear break below the channel support...
GBPUSD Daily Analysis – May 29, 2018
GBPUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the price is in the channel, the downside movement could be expected to continue and next...
EURUSD Daily Analysis – May 29, 2018
EURUSD remains in the downtrend from 1.1996. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1500...
USDCAD Daily Analysis – May 28, 2018
USDCAD broke above 1.2924 resistance and is now facing 1.2997 resistance. A breakout of this level would take the price to 1.3100 area. Near term support is at the rising trend line on the 4-hour chart, only...
USDJPY Daily Analysis – May 28, 2018
USDJPY remains in the downtrend from 111.39, the bounce from 108.95 is likely consolidation for the downtrend. Range trading between 108.95 and 110.50 would likely be seen in the coming days. However, as long as 110.50 resistance...
AUDUSD Daily Analysis – May 28, 2018
AUDUSD moved sideways in a trading range between 0.7522 and 0.7605. As long as 0.7522 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.7412, and one more rise towards 0.7700 is...
GBPUSD Daily Analysis – May 28, 2018
GBPUSD extended its downside movement from 1.3617 to as low as 1.3291. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the...