EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1116 had completed at 1.1347 already. Further decline could be expected in the coming days and next target would be at 1.1200 area. Near term resistance is at 1.1300, only break above this level could trigger another rise … Continue reading “EURUSD Daily Analysis – June 14, 2019”

GBPUSD is facing 1.2652 support. As long as this level holds, the sideways movement in a trading range between 1.2652 and 1.2762 could be treated as consolidation for the uptrend from 1.2558, one more rise to 1.2850 area is still possible after the consolidation. However, a breakdown below 1.2652 support would indicate that the upside … Continue reading “GBPUSD Daily Analysis – June 14, 2019”

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7021. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6864 support. Only break above the channel resistance could signal completion of the downtrend.

USDJPY moved sideways in a trading range between 107.81 and 108.80. The sideways movement is likely consolidation for the downtrend from 112.40 (Apr 24 high). Further decline could be expected after the consolidation and next target would be at 107.00 area. Only break above 108.80 could signal completion of the downtrend.

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3240. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3400 area. Key support is at 1.3299, only a breakdown below this level could bring the price … Continue reading “USDCAD Daily Analysis – June 14, 2019”

USDJPY failed to break above 109.00 resistance and pulled back from 108.80, suggesting that the pair remains in the downtrend from 112.40. Deeper decline to test 107.80 support could be expected in the coming days, a breakdown below this level could trigger further downside movement towards 107.00. Only break above 109.00 key resistance could signal … Continue reading “USDJPY Daily Analysis – June 13, 2019”

USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3564 had completed at 1.3240 already. Further rally could be expected in a couple of days and next target would be at 1.3400 area. Near term support is at 1.3270, only a breakdown below this level could trigger … Continue reading “USDCAD Daily Analysis – June 13, 2019”

EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1347 could be treated as consolidation for the uptrend from 1.1116, another rise towards 1.1400 is still possible after the consolidation. On the downside, a clear break below the trend … Continue reading “EURUSD Daily Analysis – June 13, 2019”

GBPUSD failed to break above 1.2762 resistance and moved sideways in a trading range between 1.2652 and 1.2762. As long as 1.2652 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2558, further rise towards 1.2800 area is still possible after the consolidation. On the downside, a breakdown below 1.2652 … Continue reading “GBPUSD Daily Analysis – June 13, 2019”

AUDUSD extended its downside movement from 0.7021 to as low as 0.6913. Further decline is still possible after a minor consolidation and next target would be at 0.6860 area. Near term resistance is at 0.6950, only break above this level could signal completion of the downtrend.