EURUSD Daily Analysis – August 21, 2020
EURUSD extended its upside movement from 1.1168 (Jun 19 low) to as high as 1.1965. Further rise would likely be seen and next target would be at 1.2100 area. Key support is at 1.1695, only a breakdown...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – August 17, 2020
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
USDJPY Daily Analysis – August 17, 2020
USDJPY is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 107.05 could be treated as consolidation for the uptrend from 104.18, and...
AUDUSD Daily Analysis – August 17, 2020
AUDUSD continued its sideways movement in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation for the uptrend from 0.6776 (Jun 15 low), and further rise to 0.7350 area is possible after the...
GBPUSD Daily Analysis – August 17, 2020
GBPUSD moved sideways in a trading range between 1.2980 and 1.3185. The sideways movement is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds, the uptrend could be expected to...
EURUSD Daily Analysis – August 17, 2020
EURUSD continued its sideways movement in a trading range between 1.1695 and 1.1916. As long as 1.1695 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1168 (Jun 19 low), and a...
USDCAD Daily Analysis – August 14, 2020
USDCAD broke below 1.3233 support and extended its downside movement from 1.3715 to as low as 1.3191. Further decline is still possible in a couple of days and next target would be at 1.3100 area. Near term...
USDJPY Daily Analysis – August 14, 2020
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 105.30. As long as the trend line support holds, the upside movement could be expected to continue and next target...
AUDUSD Daily Analysis – August 14, 2020
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. As long as 0.7063 support holds, the upside movement from 0.6776 (Jun 15 low) could be expected to continue, and next target would be at 0.7350...
GBPUSD Daily Analysis – August 14, 2020
GBPUSD failed to break below 1.2980 support and moved sideways in a trading range between 1.2980 and 1.3185. As long as 1.2980 support holds, the upside movement from 1.2251 (Jun 29 low) could be expected to resume,...