USDCAD Daily Analysis – October 22, 2018
USDCAD extended its upside movement from 1.2782 to as high as 1.3132. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Month: October 2018
USDJPY Daily Analysis – October 22, 2018
USDJPY is facing 112.72 resistance, a breakout of this level would indicate that the upside movement from 111.62 has resumed, then next target would be at 113.50 area. Support is at 111.90, only a breakdown below this...
AUDUSD Daily Analysis – October 22, 2018
AUDUSD is now in downtrend from 0.7159. Further decline would likely be seen in the coming days and next target would be at 0.7041 previous low. Resistance is at 0.7159, only a breakout of this level could...
GBPUSD Daily Analysis – October 22, 2018
GBPUSD extended its downside movement from 1.3257 to as low as 1.3011. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3100, only a breakout of...
EURUSD Daily Analysis – October 22, 2018
EURUSD failed in its attempt to break below 1.1432 support and rebounded to 1.1535 area. However, another fall to retest 1.1432 support is possible, a breakdown below this level could take the price to 1.1350 area. Resistance...
USDCAD Weekly Analysis – October 20, 2018
USDCAD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the bounce from 1.2782 could be treated as consolidation for the downtrend, and another fall...
USDJPY Weekly Analysis – October 20, 2018
USDJPY stays in a rising price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63. As long as the channel support holds, the uptrend could be expected to continue and another...
AUDUSD Weekly Analysis – October 20, 2018
AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7041 is likely consolidation for the downtrend. As long as the price is below the bearish trend line on the daily chart, the downside movement could be...
GBPUSD Weekly Analysis – October 20, 2018
GBPUSD failed to break above 1.3298 resistance and stayed in a trading range between 1.2921 and 1.3298. As long as 1.2921 support holds, the price action in the trading range could be treated as consolidation for the...
EURUSD Weekly Analysis – October 20, 2018
EURUSD is facing 1.1432 support, a breakdown below this level could trigger further downside movement towards next support level at 1.1301, below here would aim 1.1000. Near term resistance is at 1.1622, a break of this level...