EURUSD Analysis – May 10, 2023
EURUSD has been in a trading range between 1.0909 and 1.1095. The current key level to watch is the 1.0909 support. If the pair breaks below this support level, it could indicate that the upside move from...
Category: Short Term Forex Analysis
USDCAD Analysis – May 9, 2023
USDCAD has been experiencing a consolidation phase for the downtrend from 1.3667, after rebounding from the 1.3314 level, where it has found support. In the near term, a range trading between 1.3314 and 1.3415 can be expected...
USDJPY Analysis – May 9, 2023
USDJPY has been in a consolidation phase for the downtrend from the high of 137.77. The pair has been in range trading between 133.49 and 135.80, and further consolidation could be expected in the near term. If...
AUDUSD Analysis – May 9, 2023
AUDUSD has been showing a strong uptrend since hitting a low of 0.6573. The pair remains above the rising trend line on the 4-hour chart, indicating the continued strength of the uptrend. However, as the pair approaches...
GBPUSD Analysis – May 9, 2023
GBPUSD has been trading in a consolidating pattern recently, with the pair pulling back from its recent high of 1.2668. This suggests that a period of consolidation for the uptrend from the Mar low of 1.1802 is...
EURUSD Analysis – May 9, 2023
EURUSD has been moving sideways in a tight range between 1.0909 and 1.1095, with neither the bulls nor the bears taking control of the pair. The lack of directional bias has kept the pair within the range...
USDCAD Analysis – May 8, 2023
The USD/CAD pair continued its downward momentum, hitting as low as 1.3369. It appears that the pair is consolidating at these levels before making another move, and the next target could be at the 1.3300 support level....
USDJPY Analysis – May 8, 2023
The pair rebounded from the rising trend line on the 4-hour chart, which has been supporting the price since mid-April. The rebound could signal a possible further rally for the pair, with the next target at 135.80....
AUDUSD Analysis – May 8, 2023
The AUDUSD currency pair has been showing a strong uptrend from its low of 0.6573. Currently, the pair is trading above a rising trend line on the 4-hour chart, indicating that the trend is still intact. As...
GBPUSD Analysis – May 8, 2023
GBP/USD has continued its upward momentum as it stays above a rising trend line on the 4-hour chart. The pair remains in an uptrend from the low of 1.1802 set on March 8th. Traders are watching for...