EURUSD Daily Analysis – May 29, 2018
EURUSD remains in the downtrend from 1.1996. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1500...
Month: May 2018
USDCAD Daily Analysis – May 28, 2018
USDCAD broke above 1.2924 resistance and is now facing 1.2997 resistance. A breakout of this level would take the price to 1.3100 area. Near term support is at the rising trend line on the 4-hour chart, only...
USDJPY Daily Analysis – May 28, 2018
USDJPY remains in the downtrend from 111.39, the bounce from 108.95 is likely consolidation for the downtrend. Range trading between 108.95 and 110.50 would likely be seen in the coming days. However, as long as 110.50 resistance...
AUDUSD Daily Analysis – May 28, 2018
AUDUSD moved sideways in a trading range between 0.7522 and 0.7605. As long as 0.7522 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.7412, and one more rise towards 0.7700 is...
GBPUSD Daily Analysis – May 28, 2018
GBPUSD extended its downside movement from 1.3617 to as low as 1.3291. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the...
EURUSD Daily Analysis – May 28, 2018
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1996. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
USDCAD Weekly Analysis – May 27, 2018
USDCAD is facing 1.2997 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this level could...
USDJPY Weekly Analysis – May 27, 2018
USDJPY broke below the bottom of the price channel on its daily chart, suggesting that the upside movement from 104.63 had completed at 111.39 already. Further decline would likely be seen and a breakdown below 108.64 support...
AUDUSD Weekly Analysis – May 27, 2018
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.8135. As long as the trend line resistance holds, the bounce from 0.7412 could be treated as consolidation for the...
GBPUSD Weekly Analysis – May 27, 2018
GBPUSD extended its downside movement from 1.4376 to as low as 1.3291. Further decline is still possible after a minor consolidation and next target would be at 1.3000 area. The key resistance is at 1.3617, only a...