AUDUSD Daily Analysis – May 27, 2019

AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.6960 would likely be seen in the coming days. As long as 0.6960 resistance holds, the downside movement could be expected to resume, another fall … Continue reading “AUDUSD Daily Analysis – May 27, 2019”

GBPUSD Daily Analysis – May 27, 2019

GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.3176 is underway. Range trading between 1.2604 and 1.2813 would likely be seen in the coming days. As long as 1.2813 key resistance holds, the downtrend could be expected to resume, another fall to 1.2500 area is … Continue reading “GBPUSD Daily Analysis – May 27, 2019”

AUDUSD Weekly Analysis – May 26, 2019

AUDUSD stays in a falling price channel on the daily chart and remains in the downtrend from 0.7205. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend, further decline towards 0.6765 support is still possible after the consolidation. On the upside, a breakout of the … Continue reading “AUDUSD Weekly Analysis – May 26, 2019”

EURUSD Weekly Analysis – May 26, 2019

EURUSD moved sideways in a trading range between 1.1110 and 1.1270. As long as the price is below the falling trend line on the daily chart, the sideways movement could be treated as consolidation for the downtrend from 1.1570, further decline to 1.1000 area could be expected after the consolidation. Near term resistance is at … Continue reading “EURUSD Weekly Analysis – May 26, 2019”