GBPUSD Daily Analysis – July 10, 2019
GBPUSD extended its downside movement from 1.2783 to as low as 1.2439. 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...
Month: July 2019
EURUSD Daily Analysis – July 10, 2019
EURUSD extended its downside movement from 1.1412 to as low as 1.1193. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
USDCAD Daily Analysis – July 9, 2019
USDCAD moved sideways in a trading range between 1.3036 and 1.3144. As long as 1.3144 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3036 support could trigger...
USDJPY Daily Analysis – July 9, 2019
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 107.53. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD Daily Analysis – July 9, 2019
AUDUSD is testing 0.6955 support, a breakdown below this level would indicate that the upside movement from 0.6831 had completed at 0.7047 already, then deeper decline to 0.6900 area could be seen. On the upside, as long...
GBPUSD Daily Analysis – July 9, 2019
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2783. As long as the price is below the trend line, the bounce from 1.2480 could be treated as consolidation...
EURUSD Daily Analysis – July 9, 2019
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1412. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
USDCAD Daily Analysis – July 8, 2019
USDCAD broke above the top of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 1.3432 is underway. Range trading between 1.3036 and 1.3144 would likely be seen over the next several...
USDJPY Daily Analysis – July 8, 2019
USDJPY broke above 108.53 resistance, suggesting that the uptrend from 106.77 has resumed. Further rise could be expected and next target would be at 109.30 area. Near term support is at 108.15, a breakdown below this level...
AUDUSD Daily Analysis – July 8, 2019
AUDUSD is facing 0.6955 support. As long as this level holds, the price action from 0.7034 could be treated as consolidation for the uptrend from 0.6831, another rise towards 0.7100 could be expected after the consolidation. On...