EURUSD Daily Analysis – April 30, 2020
EURUSD remains in the uptrend from 1.0727. Further rally would likely be seen in a couple of days and next target would be at 1.0950 area. Support is at 1.0809, only break below this level could trigger...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – April 29, 2020
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4264. As long as the trendline resistance holds, the downside movement could be expected to continue and next target would...
USDJPY Daily Analysis – April 29, 2020
USDJPY broke below 106.90 support, suggesting that the downtrend from 109.38 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Near term resistance is at 107.00, a breakout of this...
AUDUSD Daily Analysis – April 29, 2020
AUDUSD extended its upside movement from 0.6253 to as high as 0.6529. Further rise would likely be seen and next target would be at 0.6650 area. Near term support is at 0.6460, a breakdown below this level...
GBPUSD Daily Analysis – April 29, 2020
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2246. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
EURUSD Daily Analysis – April 29, 2020
EURUSD extended its upside movement from 1.0727 to as high as 1.0888. Further rise would likely be seen in a couple of days and next target would be at 1.0950 area. Near term support is at 1.0800,...
USDCAD Daily Analysis – April 28, 2020
USDCAD remains in the downtrend from 1.4264, further decline would likely be seen in a couple of days and next target would be at 1.3900 area. Near term resistance is at 1.4120, only break above this level...
USDJPY Daily Analysis – April 28, 2020
USDJPY is facing 106.90 support, a breakdown below this level could trigger further downside movement towards 105.00. Key resistance is at 108.08, a break of this level could bring the price back towards 109.00.
AUDUSD Daily Analysis – April 28, 2020
AUDUSD broke above 0.6444 resistance, suggesting that the upside movement from 0.5507 has resumed. Further rise could be expected in a couple of days and next target would be at 0.6600 area. Near term support is at...
GBPUSD Daily Analysis – April 28, 2020
GBPUSD extended its upside movement from 1.2246 to as high as 1.2454. Further rise would likely be seen in the coming days and next target would be at 1.2550 area. Support is located at the rising trend...