EURUSD Daily Analysis – May 31, 2017
EURUSD stays in a falling price channel on its 4-hour chart and is now in short term downtrend from 1.1267. As long as the pair is in the channel, the downtrend could be expected to continue and...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 30, 2017
USDCAD broke out of the resistance trend line of the price channel on 4-hour chart. Further rally to test 1.3540 resistance is possible. As long as the price is below this level, the rise from 1.3387 could...
USDJPY Daily Analysis – May 30, 2017
USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and...
AUDUSD Daily Analysis – May 30, 2017
AUDUSD remains in downtrend from 0.7517. Further decline could be expected after a minor consolidation and next target would be at 0.7350 area. Resistance is at 0.7465, as long as this level holds, the downtrend will continue.
GBPUSD Daily Analysis – May 30, 2017
GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to...
EURUSD Daily Analysis – May 30, 2017
EURUSD broke below 1.1161 key support, indicating that the short term bullish movement from 1.0839 had completed at 1.1267 already. Further decline could be expected and next target would be at around 1.1050. However, as long as...
USDCAD Daily Analysis – May 29, 2017
USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the...
USDJPY Daily Analysis – May 29, 2017
No changed in our view, USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely correction of the uptrend. Another rise would be expected after the correction and the next target would be at around...
AUDUSD Daily Analysis – May 29, 2017
AUDUSD is now in downtrend from 0.7517. Further decline could be expected in a couple of days and the next target would be at around 0.7350. Resistance is at the bottom trend line of the price channel...
GBPUSD Daily Analysis – May 29, 2017
GBPUSD broke below 1.2844 key support, indicating that the upside movement from 1.2365 had completed at 1.3047 already. Further decline could be expected after correction and next target would be at around 1.2650. Resistance is at the...