AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6894. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6750 area, only break above the channel resistance could signal completion of the downtrend.

USDJPY moved sideways in a trading range between 107.49 and 108.47. As long as 107.49 support holds, the sideways movement could be treated as consolidation for the uptrend from 104.44, a breakout of 108.47 resistance could trigger further upside movement to 109.00 area. On the downside, a breakdown below 107.49 support would indicate that the … Continue reading “USDJPY Daily Analysis – September 20, 2019”

USDCAD broke below the rising price channel on the 4-hour chart. Deeper decline to test 1.3230 support would likely be seen, below this level would indicate that the upside movement from 1.3133 had completed at 1.3309 already, then another fall towards 1.3100 could be seen. On the upside, as long as 1.3233 support holds, further … Continue reading “USDCAD Daily Analysis – September 20, 2019”

EURUSD stayed in a trading range between 1.0990 and 1.1109 for several days. As long as 1.0990 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.0926, further rise to 1.1200 area is still possible after the consolidation. On the downside, a breakdown below 1.0990 support would … Continue reading “EURUSD Daily Analysis – September 20, 2019”

GBPUSD extended its upside movement from 1.1958 to as high as 1.2560. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2600 area. Key support is at 1.2392, a breakdown below this level could bring … Continue reading “GBPUSD Daily Analysis – September 20, 2019”

USDJPY extended its upside movement from 104.44 to as high as 108.47. As long as 107.50 support holds, the uptrend could be expected to continue, and next target would be at 109.00 area. On the downside, a breakdown below 107.50 support would indicate that the uptrend had completed at 108.47 already, then the pair would … Continue reading “USDJPY Daily Analysis – September 19, 2019”

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3133. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3330 area. Key support is at 1.3230, below this level could signal completion of the downtrend.

EURUSD moved sideways in a trading range between 1.0990 and 1.1109. The price action in the range is likely consolidation for the uptrend from 1.0926, further rise to 1.1200 is possible after the consolidation. Support is at 1.0990, below this level could trigger another fall towards 1.0925 support.

GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.2600 area. Key support is at 1.2392, a breakdown below this level could bring the price back … Continue reading “GBPUSD Daily Analysis – September 19, 2019”

AUDUSD is now in the downtrend from 0.6894. As long as the price is below the falling trend line on the 4-hour chart, the downtrend could be expected to continue and next target would be at 0.6750 area. Near term resistance is at 0.6820, above this level could bring the price back towards the trend … Continue reading “AUDUSD Daily Analysis – September 19, 2019”