AUDUSD Daily Analysis – March 22, 2019

AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7003. As long as the trend line support holds, the pullback from 0.7168 could be treated as consolidation for the uptrend, and another rise towards 0.7200 could be expected after the consolidation. Only a breakdown below the trend … Continue reading “AUDUSD Daily Analysis – March 22, 2019”

GBPUSD Daily Analysis – March 22, 2019

GBPUSD extended its downside movement from 1.3381 to as low as 1.3003. Deeper decline to test 1.2960 support is possible after consolidation, a breakdown below this level would aim 1.2850 area. Resistance is at the falling trend line on the 4-hour chart, a breakout of the trend line resistance could trigger another bullish movement towards … Continue reading “GBPUSD Daily Analysis – March 22, 2019”

EURUSD Daily Analysis – March 22, 2019

EURUSD broke below 1.1390 support, suggesting that consolidation for the uptrend from 1.1176 is underway. Range trading between 1.1335 and 1.1448 would likely be seen in the coming days. As long as 1.1335 support holds, the upside movement could be expected to resume, another rise towards 1.1500 is still possible after the consolidation. Only a … Continue reading “EURUSD Daily Analysis – March 22, 2019”

AUDUSD Daily Analysis – March 21, 2019

AUDUSD broke above 0.7119 resistance and extended its upside movement from 0.7003 to as high as 0.7168. Further rise could be expected in the coming days and next target would be at 0.7200 area. Near term support is at 0.7120, a breakdown below this level could bring the price back towards the bullish trend line … Continue reading “AUDUSD Daily Analysis – March 21, 2019”

GBPUSD Daily Analysis – March 21, 2019

GBPUSD broke below 1.3184 support, suggesting that the upside movement from 1.2960 had completed at 1.3381 already. Further decline could be expected in a couple of days and next target would be at 1.3000 area. Resistance is at the bearish trend line on the 4-hour chart, only a break of the trend line resistance could … Continue reading “GBPUSD Daily Analysis – March 21, 2019”