EURUSD Daily Analysis – June 1, 2020
EURUSD extended its upside movement from 1.0766 to as high as 1.1145. 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...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 29, 2020
USDCAD extended its downside movement from 1.4048 to as low as 1.3727. The downside movement could be expected to continue and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of...
USDJPY Daily Analysis – May 29, 2020
USDJPY moved sideways in a narrow range between 107.32 and 108.08. As long as 107.32 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, further rise towards 109.00 area is possible...
AUDUSD Daily Analysis – May 29, 2020
AUDUSD moved sideways in a trading range between 0.6567 and 0.6680. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
GBPUSD Daily Analysis – May 29, 2020
GBPUSD failed to break below the rising trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2073. As long as the trend line support holds, the upside movement could be expected...
EURUSD Daily Analysis – May 29, 2020
EURUSD’s upside movement from 1.0766 extended to as high as 1.1093. Further rise could be expected after a minor consolidation and next target would be at 1.1150 area. Near term support is at 1.1040, a breakdown below...
USDCAD Daily Analysis – May 28, 2020
USDCAD remains in the downtrend from 1.4048, further decline would likely be seen after a minor consolidation and next target would be at 1.3600 area. Near term resistance is at 1.3840, only break above this level could...
USDJPY Daily Analysis – May 28, 2020
USDJPY formed a sideways consolidation in a trading range between 107.32 and 108.08. The price action in the range is likely consolidation for the uptrend from 105.98, further rise to 108.50 area is possible after the consolidation....
AUDUSD Daily Analysis – May 28, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6401. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – May 28, 2020
GBPUSD 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 1.2362 could be treated as consolidation for the uptrend from 1.2073, and...