AUDUSD Daily Analysis – May 29, 2019

AUDUSD is facing the key resistance at 0.6934. As long as this level holds, the sideways movement between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, further decline to 0.6800 area is still possible after the consolidation. Key resistance is at 0.6960, only break above this level could signal completion … Continue reading “AUDUSD Daily Analysis – May 29, 2019”

GBPUSD Daily Analysis – May 29, 2019

GBPUSD moved sideways in a trading range between 1.2604 and 1.2747. As long as 1.2747 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3176, a breakdown below 1.2604 support could trigger further downside movement towards 1.2500. Key resistance is at 1.2813, only break above this level could signal completion … Continue reading “GBPUSD Daily Analysis – May 29, 2019”

EURUSD Daily Analysis – May 29, 2019

EURUSD’s fall from 1.1215 extended to 1.1160 area. The fall is likely corrective consolidation for the uptrend from 1.1106. As long as 1.1160 support holds, the uptrend could be expected to resume and further rise to 1.1260 area is still possible after the consolidation. Only break below 1.1160 support could signal completion of the downtrend.

USDCAD Daily Analysis – May 28, 2019

USDCAD remains in the short term uptrend from 1.3357, the pullback from 1.3502 is likely corrective consolidation for the uptrend. As long as 1.3400 support holds, the upside movement could be expected to resume, another rise to test 1.3520 resistance is still possible after the consolidation. Only a breakdown below 1.3400 support could trigger another … Continue reading “USDCAD Daily Analysis – May 28, 2019”

AUDUSD Daily Analysis – May 28, 2019

AUDUSD is testing the resistance at 0.6934, as long as this level holds, the price action in the trading range between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, another fall towards 0.6800 could be expected after the consolidation. Key resistance is at 0.6960, only break above this level could … Continue reading “AUDUSD Daily Analysis – May 28, 2019”

EURUSD Daily Analysis – May 28, 2019

EURUSD remains in the uptrend from 1.1106, the pullback from 1.1215 is likely corrective consolidation for the uptrend. Range trading between 1.1160 and 1.1215 would likely be seen in a couple of days. As long as 1.1160 support holds, the uptrend could be expected to resume, further rise to 1.1260 area is still possible after … Continue reading “EURUSD Daily Analysis – May 28, 2019”