USDCAD Daily Analysis – October 21, 2019

USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3347. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.3100 area. On the upside, a break of the trend line resistance would indicate that … Continue reading “USDCAD Daily Analysis – October 21, 2019”

GBPUSD Daily Analysis – October 21, 2019

GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2195. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3150 area. Key support is at 1.2749, only break below this level could signal completion … Continue reading “GBPUSD Daily Analysis – October 21, 2019”

AUDUSD Weekly Analysis – October 20, 2019

AUDUSD’s bounce from 0.6670 extended to as high as 0.6856. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. However, as long as the trend line resistance holds, the bounce would possibly be consolidation for the downtrend from 0.7295, another fall towards … Continue reading “AUDUSD Weekly Analysis – October 20, 2019”

GBPUSD Weekly Analysis – October 20, 2019

GBPUSD’s upside movement from 1.1958 extended to as high as 1.2989. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2820, below this level would indicate that consolidation for the uptrend is underway, then the pair would find next support at around … Continue reading “GBPUSD Weekly Analysis – October 20, 2019”