EURUSD Daily Analysis – May 8, 2018
EURUSD failed to break above the falling trend line on its 4-hour chart and extended its downside movement from 1.2413 to as low as 1.1897. As long as the price is below the trend line, the downside...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 7, 2018
USDCAD moved sideways in a trading range between 1.2803 and 1.2917. The price action in the range is likely consolidation for the uptrend from 1.2526. As long as 1.2803 support holds, the uptrend could be expected to...
USDJPY Daily Analysis – May 7, 2018
USDJPY is in consolidation for the uptrend from 104.63. Range trading between 108.00 and 110.03 would likely be seen over the next several days. As long as 108.00 support holds, the uptrend could be expected to resume...
AUDUSD Daily Analysis – May 7, 2018
AUDUSD remains in the downtrend from 0.7813, the bounce from 0.7472 is likely consolidation for the downtrend. Range treading between 0.7472 and 0.7590 would likely be seen in a couple of days. As long as 0.7590 resistance...
GBPUSD Daily Analysis – May 7, 2018
GBPUSD continued its downside movement from 1.4376 and the fall extended to as low as 1.3486. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.3486 could be...
EURUSD Daily Analysis – May 7, 2018
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2413. As long as the price is below the trend line, the bounce from 1.1911 could be treated as consolidation...
USDCAD Daily Analysis – May 4, 2018
USDCAD stays in a trading range between 1.2803 and 1.2913. As long as 1.2803 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2526 and a breakout of 1.2913...
USDJPY Daily Analysis – May 4, 2018
USDJPY broke below 108.95 support, suggesting that consolidation for the uptrend from 104.63 is underway. Range trading between 108.00 and 110.03 would likely be seen over the next several days. However, as long as 108.00 support holds,...
AUDUSD Daily Analysis – May 4, 2018
AUDUSD broke above the falling trend line on its 4-hour chart, suggesting that the downtrend from 0.7813 had completed at 0.7472 already. Further rally would likely be seen in the coming days and the target would be...
GBPUSD Daily Analysis – May 4, 2018
GBPUSD extended its downside movement from 1.4376 to as low as 1.3537. Further decline is still possible after a minor consolidation and next target would be at 1.3400 area. Resistance is located at the falling trend line...