EURUSD Daily Analysis – March 6, 2018
EURUSD is now in uptrend from 1.2155. Near term support is at 1.2265, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.2500 area. On the...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – March 5, 2018
USDCAD is facing 1.2920 (Dec 19, 2017 high) resistance, a breakout of this level could take price towards 1.3100 area. Near term support is at 1.2809, a breakdown below this level could bring price back towards the...
USDJPY Daily Analysis – March 5, 2018
USDJPY broke below 105.54 support, suggesting that the downtrend from 113.75 (Dec 12, 2017 low) has resumed. Further decline could be expected and next target would be at 103.00 area. Near term resistance is at 106.00, as...
AUDUSD Daily Analysis – March 5, 2018
AUDUSD remains in the downtrend from 0.7988, the bounce from 0.7712 is likely consolidation for the downtrend. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance...
GBPUSD Daily Analysis – March 5, 2018
GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3500 area. Resistance is...
EURUSD Daily Analysis – March 5, 2018
EURUSD broke above 1.2360 resistance, suggesting that the downside movement from 1.2555 had completed at 1.2155 already. Further rally is still possible after a corrective pullback and next target would be at 1.2500 area. Near term support...
USDCAD Daily Analysis – March 2, 2018
USDCAD’s upside movement extended to as high as 1.2895, facing the previous high resistance at 1.2920 (Dec 19, 2017 high). As long as the price is above the bullish trend line on the 4-hour chart, the upside...
USDJPY Daily Analysis – March 2, 2018
USDJPY moved sideways in a trading range between 105.54 and 107.90. As long as 107.90 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 113.75 (Dec 12, 2017 low),...
AUDUSD Daily Analysis – March 2, 2018
AUDUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 0.7893. As long as the trend line resistance holds, the bounce from 0.7712 could be treated as treated as consolidation...
GBPUSD Daily Analysis – March 2, 2018
GBPUSD extended its downside movement from 1.4144 to as low as 1.3711. Further decline is still possible after a minor consolidation and next target would be at 1.3500. Resistance is at 1.3840, a break of this level...