USDCAD Daily Analysis – November 22, 2017
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the trend line support holds, the uptrend could be expected to continue and next...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – November 22, 2017
USDJPY stays below a falling trend line on the 4-hour chart and remains in short term downtrend from 114.73. As long as the price is below the trend line, the downtrend could be expected to continue and...
AUDUSD Daily Analysis – November 22, 2017
AUDUSD broke above the falling trend line on the 4-hour chart and is now facing 0.7610 resistance. As long as this level holds, the rise from 0.7532 could be treated as consolidation of the downtrend from 0.7729,...
GBPUSD Daily Analysis – November 22, 2017
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3039. As long as the price is in the channel, the upside movement could be expected to continue and further...
EURUSD Daily Analysis – November 22, 2017
EURUSD extended its downside movement from 1.1860 to as low as 1.1712, facing the resistance-turned-support level at 1.1690. A breakdown below this level could trigger further decline towards 1.1554, followed by 1.1400. Near term resistance is at...
USDCAD Daily Analysis – November 21, 2017
USDCAD is facing 1.2819 resistance once again. A breakout of this level could take price towards 1.2916 previous high. Near term support is at the rising trend line on the 4-hour chart. Only a clear break below...
USDJPY Daily Analysis – November 21, 2017
USDJPY failed in its attempt to break below 111.65 support and rebounded from 111.88. However, as long as the price is below the bearish trend line on the 4-hour chart, another fall to test 111.65 support is...
AUDUSD Daily Analysis – November 21, 2017
AUDUSD extended its downside movement from 0.7729 to as low as 0.7532. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
GBPUSD Daily Analysis – November 21, 2017
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3279. Further rise to test 1.3337 key resistance is still possible in the coming days. As long as this level holds, the sideways movement in a range...
EURUSD Daily Analysis – November 21, 2017
EURUSD is in short term downtrend from 1.1860. Deeper decline towards the resistance-turned-support level at 1.1690 would likely be seen. A breakdown below this level could take price towards 1.1554. Below here could signal resumption of the...