AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.6670 support, below here would aim 0.6500 area. Key resistance is at 0.6929, only break above … Continue reading “AUDUSD Weekly Analysis – November 17, 2019”

USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 110.50 area. Key support is at 107.88, a breakdown below this level would indicate that the … Continue reading “USDJPY Weekly Analysis – November 17, 2019”

USDCAD’s bounce from 1.3041 extended to as high as 1.3270. Further rise is still possible and next target would be at 1.3350 area. Near term support is at 1.3170, a breakdown below this level could trigger another fall towards 1.3080.

GBPUSD moved sideways in a narrow range between 1.2768 and 1.3012. As long as 1.2768 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, further rise towards 1.3200 is still possible after the consolidation. On the downside, a breakdown below 1.2768 support would indicate that the upside movement had … Continue reading “GBPUSD Weekly Analysis – November 17, 2019”

EURUSD’s fall from 1.1179 extended to as low as 1.0989. Deeper decline would likely be seen after a minor consolidation and next target would be at 1.0879 support. Near term resistance is at 1.1100, only break above this level could trigger another rise towards 1.1400.

AUDUSD’s downside movement from 0.6929 extended to as low as 0.6769. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6700 area. On the upside, a breakout of the channel resistance would indicate that the downside … Continue reading “AUDUSD Daily Analysis – November 15, 2019”

USDJPY extended its downside movement from 109.48 to as low as 108.23, breaking below 108.64 support. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 107.88 support. On the upside, a breakout of the channel resistance … Continue reading “USDJPY Daily Analysis – November 15, 2019”

USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could take the price to 1.3160 area. Resistance is at 1.3270, only break above this level could trigger another … Continue reading “USDCAD Daily Analysis – November 15, 2019”

EURUSD broke above the falling price channel on the 4-hour chart, further rally to test 1.1043 resistance would likely be seen, above this level would indicate that the downside movement from 1.1175 had completed at 1.0989 already, then next target would be at 1.1100 area. On the downside, as long as 1.1043 resistance holds, the … Continue reading “EURUSD Daily Analysis – November 15, 2019”

GBPUSD is facing 1.2898 resistance, a breakout of this level could trigger further upside movement to 1.2950 area. On the downside, as long as 1.2898 resistance holds, the price action from 1.2768 could be treated as consolidation for the downtrend from 1.3012, another fall towards 1.2650 could be expected after the consolidation.