AUDUSD Weekly Analysis – March 31, 2019

AUDUSD stays in a falling price channel on the daily chart and remains in the downtrend from 0.7295. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 0.6900 area. Key resistance is at 07206, only break above this level would indicate … Continue reading “AUDUSD Weekly Analysis – March 31, 2019”

GBPUSD Weekly Analysis – March 31, 2019

GBPUSD continued its sideways movement in a trading range between 1.2960 and 1.3381. Key support is at 1.2960, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2396, further rise to 1.3600 area is still possible after the consolidation. On the downside, a breakdown below 1.2960 … Continue reading “GBPUSD Weekly Analysis – March 31, 2019”

EURUSD Weekly Analysis – March 31, 2019

EURUSD is facing 1.1176 support, a breakdown below this level could trigger further downside movement towards 1.1000. Key resistance is now at 1.1448, a breakout of this level would suggest that the long term downside movement from 1.2555 (Feb 16, 2018 high) had completed at 1.1176 already then the following upside movement could bring the … Continue reading “EURUSD Weekly Analysis – March 31, 2019”

USDJPY Daily Analysis – March 29, 2019

USDJPY is facing 110.95 resistance, a break of this level would indicate that the downtrend from 112.13 had completed at 109.70 already, then another rise to 112.00 area could be seen. On the downside, as long as 110.95 resistance holds, the rise from 109.70 could be treated as consolidation for the downtrend, further decline to … Continue reading “USDJPY Daily Analysis – March 29, 2019”

EURUSD Daily Analysis – March 29, 2019

EURUSD extended its downside movement from 1.1448 to as low as 1.1213. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1190 area. On the upside, a breakout of the trend line resistance would indicate … Continue reading “EURUSD Daily Analysis – March 29, 2019”