Bitcoin Remains in Uptrend
BTCUSD stays above a rising trend line on daily chart, indicating that the pair remains in uptrend from 905. As long as the pair is above the trend line the fall from 1800 could be treated as...
Tag: Trend Line
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...
AUDUSD Daily Analysis – May 16, 2017
AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line...
AUDUSD Daily Analysis – May 15, 2017
AUDUSD is facing 0.7426 key resistance. As long as this level holds, the rise from 0.7328 could be treated as consolidation of the downtrend from 0.7610 and further decline to 0.7250 area could be expected after the...
AUDUSD Weekly Analysis – May 14, 2017
AUDUSD remains in downtrend from 0.7749 and the fall extended to as low as 0.7328. Further decline is still possible after a minor consolidation and next target would be at 0.7250 area. Resistance is located at the...
GBPUSD Weekly Analysis – May 14, 2017
GBPUSD stays above the rising trend line on daily chart and remains in uptrend from 1.2109. As long as the pair is above the trend line, the fall from 1.2988 could be treated as consolidation of the...
USDJPY Daily Analysis – May 12, 2017
USDJPY continued its bullish movement from 108.13 and the rise extended to as high as 114.36. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend...
AUDUSD Daily Analysis – May 12, 2017
No changed in our view, AUDUSD remains in downtrend from 0.7610, the bounce from 0.7328 could be treated as consolidation of the downtrend. Range trading between 0.7328 and 0.7426 would likely be seen in a couple of...
USDJPY Daily Analysis – May 11, 2017
USDJPY’s bullish movement from 108.13 extended to as high as 114.36. Support is now located at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the uptrend could be...
AUDUSD Daily Analysis – May 11, 2017
AUDUSD remains in downtrend from 0.7610, the rise from 0.7328 is likely consolidation of the downtrend. Near term resistance is at 0.7416, as long as this level holds, the downtrend could be expected to continue, and next...