GBPUSD Short-Term Channel (Mar 21, 2018)
GBPUSD is trending higher on its 1-hour time frame and moving inside an ascending channel pattern. Price is just bouncing off the top and might be due for a dip to the bottom around the 1.3970 level....
Month: March 2018
USD/CAD Price Forecast March 21, 2018, Technical Analysis
The US dollar has gone sideways against the Canadian dollar over the last 24 hours, after initially dipping at the open on Monday. The market looks very likely to hang about this area, as we are watching...
GBP/USD camp Price Forecast March 21, 2018, Technical Analysis
I believe that much of the selling in this pair is probably due to people stepping away from the currency markets as we await confirmation from the Federal Reserve as to what they might be doing over...
EUR/USD Price Forecast March 21, 2018, Technical Analysis
The EUR/USD pair broke down significantly during the trading session on Tuesday, reaching down towards the 1.2270 level, an area that has offered support recently. I think that if we bounce from here, the market will probably...
AUD/USD Price Forecast March 21, 2018, Technical Analysis
The Australian dollar has initially fell during the trading session on Tuesday, but you can see is starting to bounce a bit on the chart. I think that the 0.77 level is going to continue to be...
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USDCAD Daily Analysis – March 21, 2018
USDCAD broke below 1.3040 support, suggesting that the uptrend from 1.2803 had completed at 1.3124 already. Range trading between 1.2870 and 1.3124 would likely be seen over the next several days. However, as long as 1.2870 support...
USDJPY Daily Analysis – March 21, 2018
USDJPY broke above 106.41 resistance, suggesting that the downside movement from 107.29 had completed at 105.60 already. Further rise could be seen and next target would be at 107.29 resistance. Above this level could take price to...
AUDUSD Daily Analysis – March 21, 2018
AUDUSD extended its downside movement from 0.7916 to as low as 0.7678. Near term resistance is at 0.7725. As long as this level holds, the downside movement could be expected to continue and next target would be...
GBPUSD Daily Analysis – March 21, 2018
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3711. As long as the price is above the trend line, the pullback from 1.4088 could be treated as consolidation...