GBPUSD Daily Analysis – May 20, 2019
GBPUSD extended its downside movement from 1.3176 to as low as 1.2713. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
Month: May 2019
EURUSD Daily Analysis – May 20, 2019
EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDCAD Weekly Analysis – May 19, 2019
USDCAD moved sideways in a narrow range between 1.3376 and 1.3520 over the past two weeks. As long as the price is above the rising trend line on the daily chart, the price action in the range...
USDJPY Weekly Analysis – May 19, 2019
USDJPY’s downside movement from 112.40 extended to as low as 109.01, the subsequent bounce suggested that the downside move had completed. Further rally would likely be seen next week and next target would be at 111.50 area....
AUDUSD Weekly Analysis – May 19, 2019
AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD Weekly Analysis – May 19, 2019
GBPUSD dropped sharply from 1.3176 to as low as 1.2713. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is at 1.2790, a break of this level could...
EURUSD Weekly Analysis – May 19, 2019
EURUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.1570. Further decline is still possible and next target would be at 1.1000 area. Near term resistance is at 1.1270,...
War! Good or Bad for Stocks?
By Bob Stokes After the U.S. recently announced new sanctions against Iran, tensions have escalated between the two countries. USA Today reported (May 7): The Pentagon is rushing additional military muscle, including B-52 bombers, to the Middle...
USDCAD Daily Analysis – May 17, 2019
USDCAD consolidated in a trading range between 1.3376 and 1.3520 over the past two weeks. Another rise to test 1.3520 resistance could be expected, a break of this level could signal resumption of the uptrend from 1.3274,...
USDJPY Daily Analysis – May 17, 2019
USDJPY is facing the 110.04 resistance. A break of this level would suggest that the downside movement from 112.40 had completed at 109.01 already, then further rally towards the falling trend line on the 4-hour chart could...