GBPUSD Daily Analysis – June 1, 2017
GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...
Tag: Trend Line
EURUSD Daily Analysis – June 1, 2017
EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break...
USDCAD Daily Analysis – May 31, 2017
USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a...
GBPUSD Daily Analysis – May 31, 2017
GBPUSD remains in downtrend from 1.3047, the rise from 1.2775 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2700 area. Resistance is at...
USDCAD Is Facing Channel Support
USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair...
GBPUSD Daily Analysis – May 30, 2017
GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to...
Gold Broke Above Triangle Pattern on 4-hour Chart
XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37. Near term...
AUDUSD Daily Analysis – May 29, 2017
AUDUSD is now in downtrend from 0.7517. Further decline could be expected in a couple of days and the next target would be at around 0.7350. Resistance is at the bottom trend line of the price channel...
GBPUSD Daily Analysis – May 29, 2017
GBPUSD broke below 1.2844 key support, indicating that the upside movement from 1.2365 had completed at 1.3047 already. Further decline could be expected after correction and next target would be at around 1.2650. Resistance is at the...
AUDUSD Weekly Analysis – May 27, 2017
AUDUSD broke above the resistance of the bearish trend line on its daily chart, indicating that the downside movement from 0.7749 had completed at 0.7328 already. Further rally is possible over the next several weeks and next...