EURUSD Daily Analysis – April 1, 2020

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.0635 had completed at 1.1147 completed. Further decline is still possible after consolidation and next target would be at 1.0800 area. Resistance is at 1.1147, only break above this level could trigger another rise towards 1.1300.

USDJPY Daily Analysis – April 1, 2020

USDJPY moved sideways in a trading range between 107.12 and 108.72. As long as 108.72 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 111.71, a breakdown below 107.12 support could trigger another fall towards 105.00. On the upside, a breakout of 108.72 resistance would indicate that the downside movement … Continue reading “USDJPY Daily Analysis – April 1, 2020”

USDCAD Daily Analysis – April 1, 2020

USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend. Another rise would likely be seen and a break of 1.4348 resistance could trigger another rise towards 1.4600. Support is at 1.3920, only break below this level could take the price to next support level at 1.3730.

AUDUSD Daily Analysis – March 31, 2020

AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise to 0.6400 area is still possible after the consolidation. On the downside, a breakdown below the trend line … Continue reading “AUDUSD Daily Analysis – March 31, 2020”

EURUSD Daily Analysis – March 31, 2020

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the pullback from 1.1147 could be treated as consolidation for the uptrend and further rise to 1.1260 area is still possible after the consolidation. Key support is at 1.0953, … Continue reading “EURUSD Daily Analysis – March 31, 2020”