EURUSD Daily Analysis – May 26, 2020
EURUSD extended its downside movement from 1.1008 to as low as 1.0870. Further decline is still possible in a couple of days and next target would be at 1.0800 area. Near term resistance is at 1.0930, a...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 25, 2020
USDCAD extended its upside movement from 1.3866 to as high as 1.4048. Further rally is still possible and next target would be at the falling trend line on the 4-hour chart. Near term support is at 1.3950,...
USDJPY Daily Analysis – May 25, 2020
USDJPY remains in the uptrend from 105.98. 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 target would be at 108.50...
AUDUSD Daily Analysis – May 25, 2020
AUDUSD is facing 0.6500 support. As long as this level holds, the pullback from 0.6615 could be treated as consolidation for the uptrend from 0.6401, and another rise towards 0.6700 is possible after the consolidation. On the...
GBPUSD Daily Analysis – May 25, 2020
GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally would likely be seen and next target would be at 1.2450 area. Support is at 1.2073,...
EURUSD Daily Analysis – May 25, 2020
EURUSD broke below 1.0918 support, suggesting that the upside movement from 1.0774 had completed at 1.1008 already. Deeper decline could be expected in the coming days and next target would be at 1.0800 area. Resistance is at...
USDCAD Daily Analysis – May 22, 2020
USDCAD failed to break below 1.3849 support and rebounded from 1.3866, breaking above 1.3980 resistance. Further rally would likely be seen and next target would be at the falling trend line on the 4-hour chart. Support level...
USDJPY Daily Analysis – May 22, 2020
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 105.98. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD Daily Analysis – May 22, 2020
AUDUSD remains in the uptrend from 0.6401, the pullback from 0.6615 is likely consolidation for the uptrend. As long as 0.6500 support holds, the upside movement could be expected to continue and next target would be at...
GBPUSD Daily Analysis – May 22, 2020
GBPUSD broke above the falling trend line on the 4-hour chart and is now in the uptrend from 1.2073. Further rally would likely be seen and next target would be at 1.2450 area. Support is at 1.2073,...