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,...
Category: Short Term Forex Analysis
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...
USDCAD Analysis – May 2, 2023
The USDCAD pair has been on a bearish trend lately, as indicated by the downside movement from 1.3667 to as low as 1.3527. This suggests that the uptrend from the Apr 14 low of 1.3300 has completed....
USDJPY Analysis – May 2, 2023
USDJPY is currently facing resistance at the 137.90 level, and a sideways movement between the range of 135.70 and 137.80 could be seen in the near term. As long as the support level at 135.70 holds, the...
AUDUSD Analysis – May 2, 2023
The AUDUSD currency pair has been in an uptrend in the short term, having broken above the falling trend line on the 4-hour chart. This suggests that the downside movement from the high of 0.6771 has already...
GBPUSD Analysis – May 2, 2023
The GBPUSD pair has been moving in a range-bound manner between 1.2343 and 1.2583, indicating indecision in the market. However, the sideways movement is expected to continue for the time being. If the price breaks above the...