EURUSD Daily Analysis – April 6, 2020
EURUSD extended its downside movement from 1.1147 to as low as 1.0772. 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...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – April 3, 2020
USDCAD moved sideways in a trading range between 1.3920 and 1.4348. As long as 1.4348 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.4667 and further decline to 1.3800 area is...
USDJPY Daily Analysis – April 3, 2020
USDJPY remains in the downtrend from 111.71, the price action from 107.12 is likely consolidation for the downtrend. As long as 108.72 resistance holds, the downside movement could be expected to resume, and further decline to 105.00...
AUDUSD Daily Analysis – April 3, 2020
AUDUSD extended its downside movement from 0.6213 to as low as 0.6006. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6140, only break above this level...
GBPUSD Daily Analysis – April 3, 2020
GBPUSD continued its sideways movement in a trading range between 1.2243 and 1.2485. The price action in the range is likely consolidation for the uptrend from 1.1409 and further rise to 1.2800 area is possible after the...
EURUSD Daily Analysis – April 3, 2020
EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1147. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDCAD Daily Analysis – April 2, 2020
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
USDJPY Daily Analysis – April 2, 2020
USDJPY broke below 107.12 support, suggesting that the downtrend from 111.71 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Key resistance is at 108.72, only break above this level...
AUDUSD Daily Analysis – April 2, 2020
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6213 already. Deeper decline would likely be seen and next target would be at 0.5900 area....
GBPUSD Daily Analysis – April 2, 2020
GBPUSD moved sideways in a trading range between 1.2243 and 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...