EURUSD Daily Analysis – July 28, 2020
EURUSD continued its upside movement from 1.1184 and the rise extended to as high as 1.1781. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 27, 2020
USDCAD extended its downside movement from 1.3715 to as low as 1.3350. Deeper decline to test 1.3314 support could be expected, a breakdown below this level could trigger further downside movement towards 1.3200. Near term resistance is...
USDJPY Daily Analysis – July 27, 2020
USDJPY extended its downside movement from 108.16 to as low as 105.68, breaking below 106.07 support. Further decline would likely be seen after consolidation and next target would be at 105.00 area. Near term resistance is at...
AUDUSD Daily Analysis – July 27, 2020
AUDUSD remains in the uptrend from 0.6776, the pullback from 0.7182 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
GBPUSD Daily Analysis – July 27, 2020
GBPUSD’s upside movement from 1.2251 extended to as high as 1.2802. Further rise is still possible and next target would be at 1.2900 area. Near term support is at 1.2640, below this level would indicate that consolidation...
EURUSD Daily Analysis – July 27, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1657. 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...
USDCAD Daily Analysis – July 24, 2020
USDCAD’s downside movement from 1.3715 extended to as low as 1.3350. 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 target...
USDJPY Daily Analysis – July 24, 2020
USDJPY broke below 106.64 support, suggesting that the downside movement from 108.16 has resumed. Further decline could be expected and next target would be at 106.00 area. Resistance is located at the falling trend line on the...
AUDUSD Daily Analysis – July 24, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6832. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – July 24, 2020
GBPUSD extended its upside movement from 1.2251 to as high as 1.2772. Further rise would likely be seen and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level...