USDJPY moved sideways in a narrow range between 111.76 and 112.16. As long as 111.76 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise to 113.00 area is still possible after the consolidation. Only a breakdown below 111.76 support could bring the price back … Continue reading “USDJPY Daily Analysis – April 22, 2019”

USDCAD failed to break above 1.3402 and stayed in the trading range between 1.3274 and 1.3402. Another fall towards 1.3250 would likely be seen in the coming days. Only break above 1.3402 resistance could trigger another rise towards 1.3500.

EURUSD is now in the downtrend from 1.1323, the bounce from 1.1226 is likely consolidation for the downtrend. Further decline could be expected and next target would be at 1.1200 area. Resistance is at 1.1260, only a break of this level could bring the price back towards 1.1350.

GBPUSD extended its downside movement from 1.3381 to as low as 1.2978, facing 1.2960 key support, a breakdown below this level could trigger further downside movement towards 1.2800. Resistance is located at the bearish trend line on the 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

AUDUSD is now in the downtrend from 0.7205. Further decline would likely be seen in a couple of days and next target would be at 0.7080 area. Resistance is at 0.7170, only break above this level could trigger another rise towards 0.7250.

EURUSD moved sideways in a trading range between 1.1176 and 1.1448 for several weeks. As long as 1.1448 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), a breakdown below 1.1176 support could trigger further downside movement towards 1.1000. Only break above … Continue reading “EURUSD Weekly Analysis – April 21, 2019”

GBPUSD remains in the uptrend from 1.2396, as long as 1.2960 support holds, the pullback from 1.3381 could be treated as consolidation for the uptrend. Key resistance is at 1.3132, a break of this level could trigger another bullish movement towards 1.3500. Only a breakdown below 1.2960 support could bring the price back to 1.2600 … Continue reading “GBPUSD Weekly Analysis – April 21, 2019”

AUDUSD’s upside movement from 0.7003 extended to as high as 0.7205. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 0.7300 area. Only a clear break below the trend line support could signal completion of … Continue reading “AUDUSD Weekly Analysis – April 21, 2019”

USDJPY break above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in a couple of weeks and next target would be at 114.00 area. Support is located at the rising trend line on the daily chart, a breakdown below the trend line could bring the price back towards … Continue reading “USDJPY Weekly Analysis – April 21, 2019”

USDCAD moved sideways in a trading range between 1.3250 and 1.3467 for several weeks. Support is at 1.3250, a breakdown below this level could take the price to 1.3000 area. Resistance is at 1.3467, a breakout of here would aim 1.3600 zone.