EURUSD Daily Analysis – August 13, 2019

EURUSD rebounded back into the trading range between 1.1167 and 1.1249 after touching 1.1167 support. Another rise to test 1.1249 resistance would likely be seen, a break of this level could signal resumption of the uptrend from 1.1026, then next target would be at 1.1300 area. Only a clear break below 1.1167 support could signal … Continue reading “EURUSD Daily Analysis – August 13, 2019”

USDCAD Daily Analysis – August 13, 2019

USDCAD failed to break below the rising trend line on the 4-hour chart and rebounded from 1.3195. However, another fall to test the trend line support is still possible, a breakdown below could take the price to 1.3100 area. On the upside, as long as the trend line support holds, one more rise towards 1.3350 … Continue reading “USDCAD Daily Analysis – August 13, 2019”

USDCAD Daily Analysis – August 12, 2019

USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3344 could be treated as consolidation for the uptrend from 1.3015, another rise towards 1.3350 is possible after the consolidation, only break below the trend line support could signal completion … Continue reading “USDCAD Daily Analysis – August 12, 2019”