EURUSD Daily Analysis – August 2, 2017
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – August 1, 2017
USDCAD moved sideways in a narrow range between 1.2413 and 1.2575. As long as the price is below the bearish trend line on its 4-hour chart, the sideways movement could be treated as consolidation of the downtrend...
USDJPY Daily Analysis – August 1, 2017
USDJPY’s bearish movement from 112.19 extended to as low as 110.21. Further decline is still possible and next target would be at 109.00 area. Near term resistance is at 110.90, only break above this level could bring...
AUDUSD Daily Analysis – August 1, 2017
AUDUSD remains in uptrend from 0.7571, the fall from 0.8065 is likely consolidation of the uptrend. Range trading between 0.7875 and 0.8065 would likely be seen in a couple of days. As long as 0.7875 support holds,...
GBPUSD Daily Analysis – August 1, 2017
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in uptrend from 1.2932, and the rise extended to as high as 1.3224. Further rise could be expected after a minor consolidation and next...
EURUSD Daily Analysis – August 1, 2017
EURUSD’s bullish movement from 1.1312 extended to as high as 1.1845. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as the price is in the channel,...
USDCAD Daily Analysis – July 31, 2017
USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.3347. As long as the pair is below the trend line, the downtrend could be expected to continue and next target...
USDJPY Daily Analysis – July 31, 2017
USDJPY broke below 110.62 support and continued its bearish movement from 114.49. Further decline could be expected and next target would be at 109.00 area. Key resistance is now at 112.19, only break above this level could...
AUDUSD Daily Analysis – July 31, 2017
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8150 area....
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...