EURUSD broke below the rising trend line on the daily chart and continued its sideways movement in a trading range between 1.1695 and 1.2010. As long as 1.1695 key support holds, the sideways movement could be treated as consolidation for the uptrend from 1.0635 and further rise towards 1.2300 area is possible after the consolidation. … Continue reading “EURUSD Weekly Analysis – September 20, 2020”

GBPUSD is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the upside movement from 1.1409 could be expected to resume, and further rise to 1.3800 area is possible. On the other side, a breakdown below the channel support would confirm that the upside movement … Continue reading “GBPUSD Weekly Analysis – September 20, 2020”

AUDUSD remains in the uptrend from 0.5507, the pullback from 0.7413 is likely consolidation for the uptrend. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target would be at 0.7600 area. Key support is now at 0.7130, a … Continue reading “AUDUSD Weekly Analysis – September 20, 2020”

USDJPY is facing 104.18 support, a breakdown below this level could trigger further downside movement towards 103.00. Key resistance is at 107.05, only break above this level could signal completion of the downtrend.

No changed in our view, USDCAD remains in the downtrend from 1.4667, the price action from 1.2993 is likely consolidation for the downtrend. Resistance is located at the top of the falling price channel on the daily chart. As long as the channel resistance holds, the downside movement could be expected to resume and further … Continue reading “USDCAD Weekly Analysis – September 20, 2020”

USDCAD remains in the downtrend from 1.4667, the bounce from 1.2993 is likely consolidation for the downtrend. As long as 1.3400 resistance holds, the downside movement could be expected to continue and next target would be at 1.2800 area.

EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the price action in the trading range between 1.1695 and 1.2010 could be treated as consolidation for the uptrend and further rise towards 1.2200 area is still possible after … Continue reading “EURUSD Weekly Analysis – September 13, 2020”

GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1409. As long as the channel support holds, the pullback from 1.3482 could be treated as corrective consolidation for the uptrend, and another rise towards 1.3800 could be expected after the consolidation. On the downside, a breakdown below … Continue reading “GBPUSD Weekly Analysis – September 13, 2020”

AUDUSD stays in a rising price channel on the daily chart and remains in the uptrend from 0.5507. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 0.7600 area. Key support is at 0.7060, a breakdown below this level would confirm that the … Continue reading “AUDUSD Weekly Analysis – September 13, 2020”

USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue and next target would be at 103.00 area. Only break above the trend line resistance could signal completion of … Continue reading “USDJPY Weekly Analysis – September 13, 2020”