EURUSD Daily Analysis – July 24, 2020
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1184. As long as the trend line support holds, the upside movement could be expected to continue and next target...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 23, 2020
USDCAD extended its downside movement from 1.3715 to as low as 1.3399. Further decline is still possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at 1.3485, a break...
USDJPY Daily Analysis – July 23, 2020
USDJPY failed to break below 106.64 support and stayed in a trading range between 106.64 and 107.53. Further rally to test 107.53 resistance would likely be seen, and a breakout of this level could take the price...
AUDUSD Daily Analysis – July 23, 2020
AUDUSD extended its upside movement from 0.6832 to as high as 0.7182. Further rise is still possible after a minor consolidation and next target would be at 0.7250 area. Near term support is at 0.7090, a breakdown...
GBPUSD Daily Analysis – July 23, 2020
GBPUSD remains in the uptrend from 1.2251. Further rise would likely be seen after consolidation and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level could bring the...
EURUSD Daily Analysis – July 23, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1601. 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 22, 2020
USDCAD broke below 1.3485 support. Further decline could be expected in the coming days and next target would be at 1.3300 area. Near term resistance is at 1.3480, a break of this level could bring the price...
USDJPY Daily Analysis – July 22, 2020
USDJPY is facing 106.64 support. A breakdown below this level could trigger further downside movement towards 106.00. Resistance is at 107.53, a breakout of this level could take the price to 108.50 area.
AUDUSD Daily Analysis – July 22, 2020
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.6832 to as high as 0.7146. Further rise could be expected after a minor consolidation and next target would be at 0.7250 area. Near term support...
GBPUSD Daily Analysis – July 22, 2020
GBPUSD extended its upside movement from 1.2251 to as high as 1.2767. Further rise would likely be seen after a minor consolidation and next target would be at 1.2900 area. Near term support is at 1.2650, a...