USDCAD Daily Analysis – December 4, 2019
USDCAD failed to break above 1.3327 resistance and stays in a trading range between 1.3254 and 1.3327. As long as the price is above the bullish trend line on the 4-hour chart, the price action in the...
Month: December 2019
USDJPY Daily Analysis – December 4, 2019
USDJPY extended its downside movement from 109.72 to as low as 108.48. Deeper decline to test 108.23 support is still possible. Near term resistance is at 108.85, a break of this level could trigger another upside movement...
AUDUSD Daily Analysis – December 4, 2019
AUDUSD extended its upside movement from 0.6754 to as high as 0.6861. As long as 0.6800 support holds, the upside movement could be expected to continue and next target would be at 0.6900 area. On the downside,...
GBPUSD Daily Analysis – December 4, 2019
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2822. As long as the trend line support holds, the upside movement could be expected to continue and next target...
EURUSD Daily Analysis – December 4, 2019
EURUSD is facing 1.1097 resistance, a breakout of this level could trigger further upside movement to 1.1150 area. Near term support is at 1.1060, below this level would indicate that the upside movement from 1.0981 is complete,...
USDCAD Daily Analysis – December 3, 2019
USDCAD remains in the uptrend from 1.3041, the price action from 1.3327 is likely consolidation for the uptrend. As long as 1.3254 support holds, the upside movement could be expected to resume, and further rise to 1.3360...
USDJPY Daily Analysis – December 3, 2019
USDJPY broke below 109.33 support and extended its downside movement from 109.72 to as low as 108.92. Further decline could be expected in a couple of days and next target would be at 108.60 area. Near term...
AUDUSD Daily Analysis – December 3, 2019
AUDUSD broke above the falling trend line on the 4-hour chart and extended its upside movement from 0.6754 to as high as 0.6825. As long as 0.6800 support holds, the upside movement could be expected to continue...
GBPUSD Daily Analysis – December 3, 2019
GBPUSD remains in the short term uptrend from 1.2822. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be...
EURUSD Daily Analysis – December 3, 2019
EURUSD’s bounce from 1.0981 extended to as high as 1.1090, facing the resistance level at 1.1097, a breakout of this level could trigger further upside movement towards 1.1150. Near term support is at 1.1040, only break below...