EURUSD Daily Analysis – July 14, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1375. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 13, 2020
USDCAD broke above 1.3623 resistance, suggesting that the downside movement from 1.3715 had completed at 1.3490 already. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a...
USDJPY Daily Analysis – July 13, 2020
USDJPY remains in the downtrend from 108.16. 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 would be at 106.00...
AUDUSD Daily Analysis – July 13, 2020
AUDUSD moved sideways in a trading range between 0.6921 and 0.7000. As long as 0.6921 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6832 and further rise to 0.7500 area is...
GBPUSD Daily Analysis – July 13, 2020
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2251. As long as the channel support holds, the upside movement could be expected to continue and next target would...
EURUSD Daily Analysis – July 13, 2020
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1184. As long as the channel support holds, the pullback from 1.1370 could be treated as consolidation for the uptrend...
USDCAD Daily Analysis – June 15, 2020
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown...
USDJPY Daily Analysis – June 15, 2020
USDJPY broke above 107.30 resistance, suggesting that the downside movement from 109.84 had completed at 106.57 already. Range trading between 106.57 and 108.30 would likely be seen in a couple of days.
AUDUSD Daily Analysis – June 15, 2020
AUDUSD is testing that support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would confirm that the upside movement from 0.6401 had completed at 0.7063 already, then the pair...
GBPUSD Daily Analysis – June 15, 2020
GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next target would be at 1.2300 area. Near term resistance is at 1.2600, a break of this level...