AUDUSD Daily Analysis – February 7, 2018
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8135. As long as the price is in the channel, the bounce from 0.7835 could be treated as consolidation of...
Month: February 2018
GBPUSD Daily Analysis – February 7, 2018
GBPUSD’s downside movement from 1.4345 extended to as low as 1.3836. Further decline is still possible after a minor consolidation and next target would be at 1.3650 area. Resistance is at 1.4080, only break above this level...
EURUSD Daily Analysis – February 7, 2018
After touching 1.2335 support, EURUSD rebounded into the trading range between 1.2335 and 1.2537, suggesting that the pair remains in the uptrend from 1.1717 (Dec 12, 2017 low), and the price action from 1.2537 could be treated...
GBPUSD Spinning Top (Feb 07, 2018)
GBPUSD recently broke past the resistance of a long-term ascending channel, indicating that a steeper climb may be underway. Price has since pulled back to the broken resistance, which is now holding as support and seeing a...
EURJPY Ascending Channel (Feb 06, 2018)
EURJPY suffered a steep drop recently but is currently pausing at the bottom of its ascending channel on the 4-hour time frame. A bounce off this region could take price up to the resistance at 137.25-137.50. The...
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USDCAD Daily Analysis – February 6, 2018
USDCAD extended its upside movement from 1.2247 to as high as 1.2565, facing 1.2590 resistance. A breakout of this level will indicate that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750...
USDJPY Daily Analysis – February 6, 2018
USDJPY dropped sharply from 110.48 to as low as 108.54, facing 108.28 support. A breakdown below this level will indicate that the downtrend from 113.38 has resumed, then next target would be at 107.31 support. Near term...
AUDUSD Daily Analysis – February 6, 2018
AUDUSD extended its downside movement from 0.8135 to as low as 0.7855. Further decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is at 0.7955, only break above this...
GBPUSD Daily Analysis – February 6, 2018
GBPUSD broke below 1.3979 support, suggesting that the uptrend from 1.3301 had completed at 1.4345 already. Deeper decline is still possible in a couple of days, and next target would be at 1.3800 area. Resistance is at...