GBPUSD Daily Analysis – January 23, 2020

GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3284 had completed at 1.2954 already. Further rally could be expected in a couple of days and next target would be at 1.3250 area. Near term support is at 1.3030, below this level could trigger another fall towards … Continue reading “GBPUSD Daily Analysis – January 23, 2020”

AUDUSD Daily Analysis – January 23, 2020

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6933 had completed at 0.6826 already. Further rally could be expected in a couple of days and next target would be at 0.6900 area. Support is at 0.6826, only a breakdown below this level could trigger another fall towards … Continue reading “AUDUSD Daily Analysis – January 23, 2020”

GBPUSD Daily Analysis – January 22, 2020

GBPUSD moved sideways in a trading range between 1.2954 and 1.3118. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2800 area. Key resistance is at 1.3118, only break above this level could trigger another … Continue reading “GBPUSD Daily Analysis – January 22, 2020”

AUDUSD Daily Analysis – January 22, 2020

AUDUSD extended its downside movement from 0.6933 to as low as 0.6826, breaking below 0.6848 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6800 area. On the upside, a breakout of the trend … Continue reading “AUDUSD Daily Analysis – January 22, 2020”