USDCAD Daily Analysis – February 3, 2020
USDCAD continued its upside movement from 1.3035 and the rise extended to as high as 1.3252. Further rise could be expected in a couple of days and next target would be at 1.3300 area. Near term support...
Month: February 2020
USDJPY Daily Analysis – February 3, 2020
USDJPY’s downside movement from 110.28 extended to as low as 108.30. Further decline is still possible and next target would be at 108.00 area. Near term resistance is located at the falling trend line on the 4-hour...
AUDUSD Daily Analysis – February 3, 2020
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.6933. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD Daily Analysis – February 3, 2020
GBPUSD broke above the upper border of the triangle pattern on the 4-hour. Further rally would likely be seen in a couple of days and next target would be at 1.3280, followed by 1.3400. Near term support...
EURUSD Daily Analysis – February 3, 2020
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1172 had completed at 1.0992 already. Further rally is still possible after a minor consolidation and next target would be...
USDCAD Weekly Analysis – February 2, 2020
USDCAD broke above the falling price channel on the daily chart. Further rally is still possible next week and next target would be at 1.3360 area. Near term support is at 1.3150, a breakdown below this level...
USDJPY Weekly Analysis – February 2, 2020
USDJPY is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the pullback from 110.28 could be treated as consolidation for the uptrend from 104.44, another rise...
AUDUSD Weekly Analysis – February 2, 2020
AUDUSD is facing 0.6670 support, a breakdown below this level could trigger further downside movement to 0.6450 area. Resistance is located at the falling trend line on the daily chart, only a breakout of the trend line...
GBPUSD Weekly Analysis – February 2, 2020
GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800. On...
EURUSD Weekly Analysis – February 2, 2020
EURUSD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the downside movement from 1.1239 could be expected to continue and next target would be...