GBPUSD Daily Analysis – May 19, 2017
GBPUSD’s upward movement from 1.2365 extended to as high as 1.3047. Further rise is still possible and next target would be at 1.3100 area. Near term support is at the bottom of the price channel on 4-hour...
Tag: Price Channel
EURUSD Broke Above Channel Resistance
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...
USDJPY Daily Analysis – May 17, 2017
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 108.13 had completed at 114.36 already. Further decline could be expected over the next several days and next target...
AUDUSD Daily Analysis – May 17, 2017
AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the...
USDJPY Moved Above Channel Resistance
USDJPY moved above the top trend line of the descending price channel on daily chart, suggesting that the bearish movement from 118.66 had completed at 108.13 already. Further rise to test 115.50 resistance is still possible in...
USDJPY Daily Analysis – May 16, 2017
USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be...
USDCAD is Under Pressure by Ascending Price Channels
USDCAD is facing channels resistance. There is an ascending price channel on daily chart which acts as support at the bottom trend line and resistance at the top trend line. After the price touching the top trend...
USDJPY Daily Analysis – May 15, 2017
USDJPY is facing the support of the bottom of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 114.36 could be treated as consolidation of the uptrend from 108.13...
USDCAD Weekly Analysis – May 14, 2017
USDCAD’s upward movement was limited by the top trend line of the price channel on daily chart. Pullback to the bottom of the channel is possible over the next several weeks. However, a breakdown below 1.3600 support...
USDJPY Weekly Analysis – May 14, 2017
USDJPY moved above the top trend line of the price channel on daily chart, indicating that the bearish movement from 118.66 had completed at 108.13 already. Further rally could be expected after correction and next target would...