USDCAD Analysis – May 4, 2023
Recently, the USDCAD pair has been consolidating in a range between 1.3527 and 1.3667. The resistance level at 1.3667 is key for the next move in the pair. A break above this level could signal the resumption...
Month: May 2023
USDJPY Analysis – May 4, 2023
USDJPY has recently broken below the support level at 135.70, indicating a potential bearish bias for the near term. The next level of support can be found at the rising trend line on the 4-hour chart, which...
AUDUSD Analysis – May 4, 2023
The AUDUSD pair has been in a short-term uptrend from the low of 0.6573. However, recent price action shows that the pair has broken below the rising trend line on the 4-hour chart. This indicates that the...
GBPUSD Analysis – May 4, 2023
GBPUSD has been in a range between 1.2343 and 1.2583, with price testing the upper boundary of this range at 1.2583. A breakout above this resistance level could indicate the continuation of the uptrend and potentially lead...
EURUSD Analysis – May 4, 2023
The EURUSD pair has been in an uptrend since March 2020, after reaching a low of 1.0515. The pair has been making higher highs and higher lows, indicating that buyers are in control of the market. However,...
USDCAD Analysis – May 3, 2023
USDCAD has been in a downtrend since reaching a high of 1.3667. The pair recently bounced from a low of 1.3527, but this may be a correction within the broader downtrend. As long as the key resistance...
USDJPY Analysis – May 3, 2023
USDJPY appears to be consolidating after pulling back from its recent high of 137.77, indicating that the uptrend from 129.63 is taking a breather. The pair is expected to trade in a range between 135.70 and 137.80...
AUDUSD Analysis – May 3, 2023
AUDUSD has been exhibiting a bullish trend, rallying from its low of 0.6573. However, it is currently facing a critical support level at the rising trend line on the 4-hour chart. If this support is breached, it...
GBPUSD Analysis – May 3, 2023
The GBPUSD pair has been trading sideways in a range between 1.2343 and 1.2583 in recent sessions. This suggests a lack of clear direction in the market as both buyers and sellers struggle for control. If the...
EURUSD Analysis – May 3, 2023
EURUSD remains range-bound between 1.0909 and 1.1095 as traders await more directional cues. The pair has been consolidating for some time now, with no clear sign of a breakout in either direction. The market has been caught...