USDCAD Daily Analysis – December 4, 2019

USDCAD failed to break above 1.3327 resistance and stays in a trading range between 1.3254 and 1.3327. As long as the price is above the bullish trend line on the 4-hour chart, the price action in the range could be treated as consolidation for the uptrend from 1.3041, further rise to 1.3360 area is possible … Continue reading “USDCAD Daily Analysis – December 4, 2019”

AUDUSD Daily Analysis – December 4, 2019

AUDUSD extended its upside movement from 0.6754 to as high as 0.6861. As long as 0.6800 support holds, the upside movement could be expected to continue and next target would be at 0.6900 area. On the downside, a breakdown below 0.6800 support would indicate that the uptrend had completed at 0.6861 already, then another fall … Continue reading “AUDUSD Daily Analysis – December 4, 2019”

GBPUSD Daily Analysis – December 4, 2019

GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2822. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3050 area. Only a breakdown below the trend line support could signal completion of the … Continue reading “GBPUSD Daily Analysis – December 4, 2019”

GBPUSD Daily Analysis – December 3, 2019

GBPUSD remains in the short term uptrend from 1.2822. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3000 area. On the downside, a breakdown below the channel support would indicate that the upside movement … Continue reading “GBPUSD Daily Analysis – December 3, 2019”

AUDUSD Daily Analysis – December 3, 2019

AUDUSD broke above the falling trend line on the 4-hour chart and extended its upside movement from 0.6754 to as high as 0.6825. As long as 0.6800 support holds, the upside movement could be expected to continue and next target would be at 0.6870 area. Only a breakdown below 0.6800 support would indicate that the … Continue reading “AUDUSD Daily Analysis – December 3, 2019”

USDCAD Daily Analysis – December 3, 2019

USDCAD remains in the uptrend from 1.3041, the price action from 1.3327 is likely consolidation for the uptrend. As long as 1.3254 support holds, the upside movement could be expected to resume, and further rise to 1.3360 area is possible after the consolidation. On the downside, a breakdown below 1.3254 support would indicate that the … Continue reading “USDCAD Daily Analysis – December 3, 2019”