EURUSD Daily Analysis – December 13, 2019

EURUSD’s upside movement from 1.0981 extended to as high as 1.1199. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1250 area. Near term support is at 1.1150, below this level could bring the price … Continue reading “EURUSD Daily Analysis – December 13, 2019”

USDJPY Daily Analysis – December 13, 2019

USDJPY broke above 109.00 resistance and extended its upside movement from 108.42 to as high as 109.58. Further rise could be expected and the target would be at the top of the rising price channel on the 4-hour chart. Near term support is at 109.10, below this level could bring the price back towards the … Continue reading “USDJPY Daily Analysis – December 13, 2019”

EURUSD Daily Analysis – December 12, 2019

EURUSD extended its upside movement from 1.0981 to as high as 1.1144, breaking above 1.1116 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.1170, followed by 1.1250. Support is located at the rising trend line on the 4-hour chart, only break below the trend line support could … Continue reading “EURUSD Daily Analysis – December 12, 2019”

GBPUSD Daily Analysis – December 12, 2019

GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3250 area. Key support is at 1.3100, a breakdown below this level could bring the price … Continue reading “GBPUSD Daily Analysis – December 12, 2019”

AUDUSD Daily Analysis – December 12, 2019

AUDUSD broke above 0.6861 resistance and extended its upside movement from 0.6800 to as high as 0.6889. Further rise could be expected after a minor consolidation and next target would be at 0.6910 area. Near term support is at 0.6865, below this level could bring the price back towards the rising trend line on the … Continue reading “AUDUSD Daily Analysis – December 12, 2019”