USDCAD Daily Analysis – April 30, 2019

USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3520 could be treated as consolidation for the uptrend from 1.3274, another rise towards 1.3600 could be expected after the consolidation. Only a breakdown below the trend line support could … Continue reading “USDCAD Daily Analysis – April 30, 2019”

USDJPY Daily Analysis – April 30, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 109.70. As long sa the channel support holds, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to 113.00 area is still possible after the consolidation. Only a clear break below the channel … Continue reading “USDJPY Daily Analysis – April 30, 2019”

AUDUSD Daily Analysis – April 30, 2019

AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 0.7205 had completed at 0.6988 already. Further rally could be expected in the coming days and next target would be at 0.7120 area. Near term support is at 0.7020, only break below this level could trigger another fall … Continue reading “AUDUSD Daily Analysis – April 30, 2019”

GBPUSD Daily Analysis – April 30, 2019

GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2865 could be treated as consolidation for the downtrend from 1.3132, further decline towards 1.2800 is still possible after the consolidation. However, a breakout of the trend line resistance would … Continue reading “GBPUSD Daily Analysis – April 30, 2019”

EURUSD Daily Analysis – April 30, 2019

EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.1110 could be treated as consolidation for the downtrend from 1.1323, another fall towards 1.1050 could be expected after the consolidation. On the upside, a breakout of the trend line … Continue reading “EURUSD Daily Analysis – April 30, 2019”

USDCAD Daily Analysis – April 29, 2019

USDCAD is in consolidation for the uptrend from 1.3274. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to resume, a break of 1.3520 resistance could trigger another rise to 1.3600 area. Only a breakdown below the trend line support could signal completion of … Continue reading “USDCAD Daily Analysis – April 29, 2019”

USDJPY Daily Analysis – April 29, 2019

USDJPY is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 112.40 could be treated as consolidation for the uptrend from 109.70, another rise towards 113.00 could be expected after the consolidation. Only a clear break below the channel support could signal completion … Continue reading “USDJPY Daily Analysis – April 29, 2019”

AUDUSD Daily Analysis – April 29, 2019

AUDUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downtrend from 0.7205 had completed at 0.6988 already, then another rise towards 0.7150 could be seen. However, as long as the trend line resistance holds, the bounce from 0.6988 … Continue reading “AUDUSD Daily Analysis – April 29, 2019”

GBPUSD Daily Analysis – April 29, 2019

GBPUSD extended its downside movement from 1.3132 to as low as 1.2865. 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 1.2800 area. Only a clear break above the trend line resistance could signal completion … Continue reading “GBPUSD Daily Analysis – April 29, 2019”

EURUSD Daily Analysis – April 29, 2019

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1323. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1050 area. Resistance is at 1.1175, a break of this level could bring the price … Continue reading “EURUSD Daily Analysis – April 29, 2019”