GBPUSD Daily Analysis – July 31, 2017
GBPUSD is in uptrend from 1.2932, the fall from 1.3158 could be treated as consolidation of the uptrend. Support is at the rising trend trend line on the 4-hour chart. As long as the trend line support...
Category: Short Term Forex Analysis
EURUSD Daily Analysis – July 31, 2017
EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would...
USDCAD Daily Analysis – July 27, 2017
USDCAD broke below the important support at 1.2460 (May 2016 low), confirming that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline could be expected after correction and the long term target...
USDJPY Daily Analysis – July 27, 2017
USDJPY failed to break above 112.41 resistance and pulled back to 110.80 area, facing the 110.62 support. As long as 110.62 support holds, the fall could be treated as correction of the uptrend from 110.62 and another...
AUDUSD Daily Analysis – July 27, 2017
After a sideways consolidation, AUDUSD broke above 0.7989 resistance and continued its bullish movement from 0.7571, and the rise extended to as high as 0.8065. Further rise could be expected and next target would be at 0.8150...
GBPUSD Daily Analysis – July 27, 2017
After consolidation, GBPUSD continued its upside movement from 1.2589 and reached as high as 1.3156. Further rise is still possible and next target would be at 1.3200 area. Support is now at the rising trend line on...
EURUSD Daily Analysis – July 27, 2017
EURUSD’s bullish movement extended to as high as 1.1776. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue...
USDCAD Daily Analysis – July 26, 2017
USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the important support at...
USDJPY Daily Analysis – July 26, 2017
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected...
AUDUSD Daily Analysis – July 26, 2017
Under pressure by the top trend line of the price channel on its monthly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds,...