USDCAD is facing 1.3195 support, a breakdown below this level would indicate that the upside movement from 1.3068 had completed at 1.3339 already, then another fall towards 1.3100 could be seen. On the upside, as long as 1.3195 support holds, the price action from 1.3329 could be treated as consolidation…
Source: USDCAD Daily Analysis – February 18, 2019
Category: Forex Analysis
USDJPY Daily Analysis – February 18, 2019
USDJPY stays in a bullish price channel on the 4-hour chart. As long as the price is in the channel, the fall from 111.12 could be treated as consolidation for the uptrend from 108.49, and further rise to 112.00 area is still possible. Key support is at 110.25, only a…
Source: USDJPY Daily Analysis – February 18, 2019
AUDUSD Daily Analysis – February 18, 2019
AUDUSD broke above 0.7135 resistance. Further rally is still possible and next target would be at 0.7200 area. Near term support is at 0.7110, a break below this level could bring the price back to test 0.7054 support.
Source: AUDUSD Daily Analysis – February 18, 2019
GBPUSD Daily Analysis – February 18, 2019
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2772 could be treated as consolidation for the downtrend from 1.3217, further decline towards 1.2700 is still possible after the consolidation. On the upside, a breakout…
Source: GBPUSD Daily Analysis – February 18, 2019
EURUSD Daily Analysis – February 18, 2019
EURUSD is in consolidation for the downtrend from 1.1514. Range trading between 1.1234 and 1.1341 would likely be seen in a couple of days. As long as 1.1341 resistance holds, the downtrend could be expected to resume and a breakdown below 1.1234 support could trigger another fall towards 1.1100. Only…
Source: EURUSD Daily Analysis – February 18, 2019
USDCAD Weekly Analysis – February 16, 2019
USDCAD moved sideways in a trading trading range between 1.3068 and 1.3375. As long as 1.3375 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3664, another fall towards 1.2900 is still possible after the consolidation. Only a break of 1.3375 resistance could signal completion…
Source: USDCAD Weekly Analysis – February 16, 2019
USDJPY Weekly Analysis – February 16, 2019
USDJPY extended its upside movement from 105.05 to as high as 111.12. Further rise could be expected and next target would be at 112.00 area. Near term support is at 109.80, below this level could bring the price back towards 108.50.
Source: USDJPY Weekly Analysis – February 16, 2019
AUDUSD Weekly Analysis – February 16, 2019
AUDUSD is now in the downtrend from 0.7295, further decline would likely be seen next week and next target would be at 0.6900 area. Near term resistance is at 0.7180, only a break of this level could trigger another rise towards 0.7350.
Source: AUDUSD Weekly Analysis – February 16, 2019
GBPUSD Weekly Analysis – February 16, 2019
GBPUSD’s downside movement from 1.3217 extended to as low as 1.2772. Further decline could be expected next week and next target would be at 1.2500 area. Near term resistance is at 1.2960, only a break of this level could bring the price back to 1.3050 area.
Source: GBPUSD Weekly Analysis – February 16, 2019
EURUSD Weekly Analysis – February 16, 2019
EURUSD is facing 1.1215 support, a breakdown below this level will indicate that the downside movement from 1.2555 (Feb 16, 2018 high) has resumed, then further decline towards 1.1000 area could be seen. Near term resistance is at 1.1360, a break of this level could trigger another rise towards 1.1570.
Source: EURUSD Weekly Analysis – February 16, 2019