EURUSD Daily Analysis – July 18, 2023
The EURUSD pair has continued its upward momentum, extending its move from 1.0833 to reach as high as 1.1263. The rising trend line on the 4-hour chart has been a crucial level of support for EURUSD, and...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 17, 2023
The USDCAD pair has made a significant breakthrough by surpassing the resistance level at 1.3160, signaling a potential end to the recent downside move from 1.3386, which concluded at 1.3092. This development suggests a potential shift in...
USDJPY Daily Analysis – July 17, 2023
The USDJPY pair has made a significant breakthrough by surpassing the resistance level at 138.95, indicating that the recent downtrend from 145.06 has likely concluded at the support level of 137.23. This development suggests a potential reversal...
AUDUSD Daily Analysis – July 17, 2023
The AUDUSD pair has entered a consolidation phase after breaking below the key support level at 0.6845. This suggests a temporary pause in the uptrend that originated from 0.6594. Traders should anticipate range-bound trading between the levels...
GBPUSD Daily Analysis – July 17, 2023
The GBPUSD pair continues to demonstrate strength as it remains above a rising trend line on the 4-hour chart, affirming its position within the ongoing uptrend from the 1.2590 level. Traders can interpret the recent pullback from...
EURUSD Daily Analysis – July 17, 2023
The EURUSD pair continues to showcase strength as it remains above a rising trend line on the 4-hour chart, indicating its resilience and commitment to the ongoing uptrend from the low of 1.0833. Traders can anticipate further...
USDCAD Daily Analysis – July 14, 2023
The USDCAD pair has experienced continued downside momentum, extending its move lower from the recent high of 1.3386. Breaking below the key support level at 1.3116, the pair has now reached as low as 1.3092. This downward...
USDJPY Daily Analysis – July 14, 2023
The USDJPY currency pair has entered a consolidation phase after finding support at 137.23, following a downtrend from the high of 145.06. The pair is currently trading within a range between 137.23 and 138.95, as it seeks...
AUDUSD Daily Analysis – July 14, 2023
The AUDUSD currency pair has been steadily climbing, with its current price approaching a crucial resistance level at 0.6899, representing the previous high. Traders are closely watching for a potential breakout above this level, which could ignite...
GBPUSD Daily Analysis – July 14, 2023
The GBPUSD currency pair has experienced a significant upside move, extending from its recent low of 1.2590 to reach as high as 1.3141. This robust rally has instilled optimism among traders, who are now anticipating further gains...