USDJPY Daily Analysis – March 20, 2019

USDJPY is forming a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the uptrend from 105.05 (Jan 3 low), a breakout of the upper border of the pattern could trigger further upside movement towards 113.00 area. On the other side, a breakdown below lower border of the pattern could take … Continue reading “USDJPY Daily Analysis – March 20, 2019”

GBPUSD Daily Analysis – March 20, 2019

GBPUSD remains in the uptrend from 1.2960, the fall from 1.3381 is likely consolidation for the uptrend. Support is at 1.3184, as long as this level holds, another rise towards 1.3500 could be expected after the consolidation. On the downside, a breakdown below 1.3184 support would indicate that the upside movement had completed at 1.3381 … Continue reading “GBPUSD Daily Analysis – March 20, 2019”

USDCAD Daily Analysis – March 19, 2019

USDCAD is in consolidation for the downtrend from 1.3467. Range trading between 1.3286 and 1.3390 would likely be seen in the coming days. Resistance is at 1.3390, as long as this level holds, the downtrend could be expected to resume and further decline to 1.3050 area is possible after the consolidation. Only a break of … Continue reading “USDCAD Daily Analysis – March 19, 2019”

AUDUSD Daily Analysis – March 19, 2019

AUDUSD broke above 0.7097 resistance and extended its upside movement from 0.7003 to as high as 0.7119. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7170 area. Only a breakdown below the trend line … Continue reading “AUDUSD Daily Analysis – March 19, 2019”