USDCAD Weekly Analysis – June 30, 2019

USDCAD extended its downside movement from 1.3564 to as low as 1.3059, breaking below 1.3068 support. Further decline could be expected after a minor consolidation and next target would be at 1.2950 area. Near term resistance is at 1.3170, a break of this level could bring the price back towards the falling trend line on … Continue reading “USDCAD Weekly Analysis – June 30, 2019”

USDJPY Weekly Analysis – June 30, 2019

USDJPY’s downside movement from 112.40 extended to as low as 106.77. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 105.50 area. Key resistance is at 108.80, only break above this level could signal completion … Continue reading “USDJPY Weekly Analysis – June 30, 2019”

AUDUSD Weekly Analysis – June 30, 2019

AUDUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 0.7205 had completed at 0.6831 already. Further rally could be expected after a minor consolidation and next target would be at 0.7150 area. Near term support is at 0.6915, only a breakdown below this level could trigger another … Continue reading “AUDUSD Weekly Analysis – June 30, 2019”

USDCAD Daily Analysis – June 28, 2019

USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3228. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.3050 area. Only a clear break above the channel resistance could signal completion of the downtrend.

EURUSD Daily Analysis – June 28, 2019

EURUSD moved sideways in a trading range between 1.1344 and 1.1412. As long as 1.1344 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 1.1181, further rise to 1.1450 area is still possible after the consolidation. On the downside, a breakdown below 1.1344 support would confirm … Continue reading “EURUSD Daily Analysis – June 28, 2019”