USDCAD Short-Term Range (Apr 04, 2017)
USDCAD has been moving sideways on its 1-hour time frame, bouncing off support at the 1.3285 area and resistance at 1.3400. Price is currently testing the top of the range at the moment and if it holds...
Month: April 2017
USDCAD Daily Analysis – April 4, 2017
USDCAD moved sideways in a trading range between 1.3264 and 1.3414. The pair is now testing 1.3414 resistance, a break of this level will confirm that the downward movement from 1.3535 had completed at 1.3264 already, then...
USDJPY Daily Analysis – April 4, 2017
USDJPY is forming a sideways consolidation in a range between 110.11 and 112.19. Resistance is at 112.19, a break of this level will confirm that the downtrend from 115.50 had completed at 110.11 already, then further rise...
AUDUSD Daily Analysis – April 4, 2017
AUDUSD is testing 0.7587 support, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then deeper decline to 0.7500 area could be seen. On the upside, as long as 0.7587 support holds,...
GBPUSD Daily Analysis – April 4, 2017
GBPUSD is facing the support of the upward trend line on 4-hours chart. A clear break below the trend line support will indicate that the downtrend from 1.2615 has resumed, then further decline to 1.2200 area could...
EURUSD Daily Analysis – April 4, 2017
EURUSD continued its downward movement from 1.0905 and the fall extended to as low as 1.0642. As we mentioned yesterday, the resistance level is at 1.0705, as long as the pair is below this level, the downtrend...
EURJPY Long-Term Downtrend? (Apr 03, 2017)
EURJPY failed in its last few attempts to break past the 123.00 area, creating a double top formation on its 4-hour chart. Price has yet to break below the neckline at the 118.00 major psychological mark before...
USDCAD Daily Analysis – April 3, 2017
USDCAD is facing 1.3264 support, a breakdown below this level will indicate that the downtrend from 1.3535 has resumed, then next target would be at 1.3100 area. Resistance is at 1.3414, a break of this level will...
USDJPY Daily Analysis – April 3, 2017
USDJPY broke above 111.57 resistance, indicating that the downward movement from 115.50 had completed at 110.11 already. Further rally would likely be seen over the next several days, and next target would be at 114.00 area. Support...
AUDUSD Daily Analysis – April 3, 2017
AUDUSD remains in uptrend from 0.7587, the fall from 0.7679 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.7750 area. Support is at 0.7587, only...