USDCAD Daily Analysis – November 20, 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 price is above the trend line, the upside movement could be expected to...
Category: Short Term Forex Analysis
USDJPY Daily Analysis – November 20, 2017
USDJPY extended its downside movement from 114.73 to as low as 111.88, facing a key support level at 111.65. A breakdown this level could trigger further downside movement to next support level at 111.00. Near term resistance...
AUDUSD Daily Analysis – November 20, 2017
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement...
GBPUSD Daily Analysis – November 20, 2017
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise to test 1.3337 resistance would likely be seen. As long as this level holds, the price action in the trading range could...
EURUSD Daily Analysis – November 20, 2017
EURUSD extended its pullback from 1.1860 to as low as 1.1722, breaking below 1.1740 support. Deeper decline to the resistance-turned-support level at 1.1690 is still possible after a minor consolidation. Breakthrough there could trigger further bearish move...
USDCAD Daily Analysis – November 17, 2017
USDCAD is facing the support of the rising trend line on the 4-hour chart. A clear break below the trend line support could take price to next support level at 1.2666. Below this level could trigger further...
USDJPY Daily Analysis – November 17, 2017
USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 114.73. As long as the price is below the trend line, the rise from 112.47 could be treated as consolidation...
AUDUSD Daily Analysis – November 17, 2017
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
GBPUSD Daily Analysis – November 17, 2017
GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could...
EURUSD Daily Analysis – November 17, 2017
EURUSD remains in the short term uptrend from 1.1554, the fall from 1.1860 is likely consolidation of the uptrend. Near term support is at 1.1740, as long as the price is above this level, the uptrend could...