GBPUSD Daily Analysis – March 19, 2018
GBPUSD stays above a rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.3711. As long as the price is above the trend line, the fall from 1.3995 could be...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – March 19, 2018
EURUSD broke below 1.2273 support. Further decline could be expected in the coming days and next target would be at 1.2155 support. Near term resistance is at 1.2340, only break above this level could bring price back...
USDCAD Daily Analysis – March 16, 2018
USDCAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980,...
USDJPY Daily Analysis – March 16, 2018
USDJPY’s downside movement from 107.29 extended to as low as 105.78. Further decline towards 105.24 support would likely be seen in the coming days. A breakdown below this level could take price to 104.00 area. Near term...
AUDUSD Daily Analysis – March 16, 2018
AUDUSD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770. Further decline could be expected after a minor consolidation and next target would be...
GBPUSD Daily Analysis – March 16, 2018
GBPUSD remains in the uptrend from 1.3711, the fall from 1.3995 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...
EURUSD Daily Analysis – March 16, 2018
EURUSD is now facing 1.2273 support. A breakdown below this level could take price to next support level at 1.2155. On the upside, as long as 1.2273 support holds, the sideways movement in the trading range between...
USDCAD Daily Analysis – March 15, 2018
USDCAD is testing the resistance at 1.3000. A breakout of this level would indicate that the upside movement from 1.2450 has resumed, then further rise towards 1.3100 area could be seen. Support is at the bottom trend...
USDJPY Daily Analysis – March 15, 2018
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, indicating that the short term uptrend from 105.24 had completed at 107.29 already. Further decline to test 105.24 support would likely...
AUDUSD Daily Analysis – March 15, 2018
AUDUSD extended its upside movement from 0.7712 to as high as 0.7916. 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...