USDCAD Weekly Analysis – May 27, 2017
USDCAD is facing the support of the bottom trend line of the price channel on the daily chart. A clear break out of the channel support will indicate that the upside movement from 1.2968 had completed at...
Tag: Price Channel
USDCNH Broke Below 6.8680 Key Support
After breaking below the lower support trend line of the triangle patter on the daily chart, USDCNH continued to break through the 6.8680 key support, indicating that the bearish movement from the January 3 high of 6.9867...
USDCAD Daily Analysis – May 26, 2017
USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend...
AUDUSD Daily Analysis – May 26, 2017
AUDUSD broke below the bottom support trend line of the price channel on 4-hour chart, indicating that the upward movement from 0.7328 had completed at 0.7517 already. Further decline could be expected over the next several days...
GBPUSD Daily Analysis – May 26, 2017
GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at...
USDCAD Daily Analysis – May 25, 2017
USDCAD broke below the support trend line of the price channel on 4-hour chart and continued its downward movement from 1.3793. Further decline could be expected and next target would be at 1.3300 area. Near term resistance...
AUDUSD Daily Analysis – May 25, 2017
AUDUSD failed to break below the bottom support trend line of the price channel on 4-hour chart and rebound from 0.7442, indicating that the pair remains in uptrend from 0.7328. As long as the pair is in...
GBPUSD Daily Analysis – May 25, 2017
GBPUSD moves in a bullish price channel on 4-hour, indicating that the pair remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue, and further rise...
USDCAD Daily Analysis – May 24, 2017
USDCAD moved in a bearing price channel on 4-hour chart and just bounces off the bottom support trend line. Further rally is possible and the target would be at the top resistance trend line. However, as long...
AUDUSD Daily Analysis – May 24, 2017
AUDUSD ran in an ascending price channel on 4-hour chart and just bounces off the top resistance line of the channel. Correction pullback could be seen and the target would be at the bottom support line of...