USDCAD extended its downside movement from 1.2590 to as low as 1.2247. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2150 area. Only a clear break above the trend…
Source: USDCAD Daily Analysis – February 1, 2018
Month: January 2018
USDJPY Daily Analysis – February 1, 2018
USDJPY is forming a sideways consolidation in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the downtrend could be expected to resume and another fall towards 107.31 is still possible after the consolidation. On the upside, a breakout of 109.77 resistance will suggest that the…
Source: USDJPY Daily Analysis – February 1, 2018
AUDUSD Daily Analysis – February 1, 2018
AUDUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend from 0.7501 and another rise towards 0.8200 is still possible after the consolidation. On the downside,…
Source: AUDUSD Daily Analysis – February 1, 2018
GBPUSD Daily Analysis – February 1, 2018
GBPUSD remains in the uptrend from 1.3301, the fall from 1.4345 is likely consolidation of the uptrend. Another rise towards 1.4500 is still possible after the consolidation. Near term resistance is at 1.4345, a breakout of this level could signal resumption of the uptrend. The key support is at 1.3979,…
Source: GBPUSD Daily Analysis – February 1, 2018
EURUSD Daily Analysis – February 1, 2018
EURUSD moved sideways in a trading range between 1.2335 and 1.2537. The sideways movement is likely consolidation of the uptrend from 1.1717. Another rise could be expected after the consolidation and a breakout of 1.2537 resistance would signal resumption of the uptrend. On the downside, a breakdown below 1.2335 support…
Source: EURUSD Daily Analysis – February 1, 2018
USDCAD Daily Analysis – January 30, 2018
USDCAD moved sideways in a trading range between 1.2281 and 1.2391. The sideways move is likely consolidation of the downtrend from 1.2590. Further decline would likely be seen and a breakdown below 1.2281 support could take price to 1.2200 area. The key resistance is located at the falling trend line…
Source: USDCAD Daily Analysis – January 30, 2018
USDJPY Daily Analysis – January 30, 2018
USDJPY moved sideways in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 111.48 and another fall towards 107.31 is still possible after the consolidation. Near term support is at 108.28, a breakdown below…
Source: USDJPY Daily Analysis – January 30, 2018
AUDUSD Daily Analysis – January 30, 2018
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend and a breakout of 0.8135 resistance could trigger another rise towards 0.8200.…
Source: AUDUSD Daily Analysis – January 30, 2018
GBPUSD Daily Analysis – January 30, 2018
GBPUSD broke below the bullish support trend line on the 4-hour chart, suggesting that the uptrend from 1.3458 had completed at 1.4345 already. Further decline is still possible and next target would be at 1.4000, followed by 1.3800. Near term resistance is at 1.4130, only break above this level could…
Source: GBPUSD Daily Analysis – January 30, 2018
EURUSD Daily Analysis – January 30, 2018
EURUSD is in corrective consolidation for the uptrend from 1.1717. Range trading between 1.2240 and 1.2537 would likely be seen over the next several days. As long as 1.2240 support holds, the uptrend could be expected to resume and another rise towards 1.2700 is still possible after the consolidation. Resistance…
Source: EURUSD Daily Analysis – January 30, 2018