USDCAD extended its downside movement from 1.3124 to as low as 1.2731. Resistance is at 1.2810, as long as this level holds, the downside move could be expected to continue and next target would be at 1.2650 area. On the upside, a breakout of 1.2810 resistance would indicate that the…
Source: USDCAD Daily Analysis – April 9, 2018
USDJPY Daily Analysis – April 9, 2018
USDJPY pulled back from 107.49 after breaking above 107.01 resistance. However, the fall is likely corrective consolidation for the uptrend from 105.65. Another rise would likely be seen after the consolidation and next target would be at 107.90 resistance. Support is at 106.50, only a breakdown below this level could…
Source: USDJPY Daily Analysis – April 9, 2018
AUDUSD Daily Analysis – April 9, 2018
AUDUSD moved sideways in a trading range between 0.7642 and 0.7726. The price action in the range is likely consolidation of the downtrend from 0.7916 and a breakdown below 0.7642 could trigger another fall towards 0.7600.
Source: AUDUSD Daily Analysis – April 9, 2018
GBPUSD Daily Analysis – April 9, 2018
GBPUSD broke above 1.4096 resistance, suggesting that lengthier consolidation for the downtrend from 1.4244 is underway. Further rally is still possible and the target would be at 1.4150 area. However, as long as 1.4150 resistance holds, the downtrend could be expected to resume and another fall towards 1.3889 support is…
Source: GBPUSD Daily Analysis – April 9, 2018
EURUSD Daily Analysis – April 9, 2018
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.2476. As long as the price is in the channel, the bounce from 1.2214 could be treated as consolidation for the downtrend and another fall to test 1.2155 support could be expected after…
Source: EURUSD Daily Analysis – April 9, 2018
USDCAD Weekly Analysis – April 8, 2018
USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2248 had completed at 1.3124 already. Further decline would likely be seen over the next several weeks and next target would be at 1.2650, followed by 1.2350. Resistance levels are at 1.2950 and 1.3124, only break above these levels…
Source: USDCAD Weekly Analysis – April 8, 2018
USDJPY Weekly Analysis – April 8, 2018
USDJPY is facing 107.90 resistance, a breakout of this level would suggest that the downside movement from 114.73 had completed at 104.63 already, then the following upside movement could take price to next resistance level at 110.00 area. On the downside, as long as 107.90 resistance holds, the price action…
Source: USDJPY Weekly Analysis – April 8, 2018
AUDUSD Weekly Analysis – April 8, 2018
AUDUSD remains in the downtrend from 0.8135, the rise from 0.7642 is likely consolidation for the downtrend. Range trading between 0.7642 and 0.7785 would likely be seen over the next several days. As long as 0.7785 resistance holds, the downtrend could be expected to resume and a breakdown below 0.7642…
Source: AUDUSD Weekly Analysis – April 8, 2018
GBPUSD Weekly Analysis – April 8, 2018
GBPUSD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week. A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4345 already, then next target would be at 1.3500, followed…
Source: GBPUSD Weekly Analysis – April 8, 2018
EURUSD Weekly Analysis – April 8, 2018
EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. As long as 1.2154 support holds, the sideways move could be treated as consolidation for the uptrend from 1.1554 and a breakout of 1.2555 resistance could trigger another bullish movement towards 1.3000. On the downside, a breakdown…
Source: EURUSD Weekly Analysis – April 8, 2018