AUDUSD Daily Analysis – July 31, 2019

AUDUSD extended its downside movement from 0.7081 to as low as 0.6862. The subsequent bounce is likely consolidation for the downtrend. Range trading between 0.6862 and 0.6916 would likely be seen over the next several days. As long as 0.6916 resistance holds, the downside movement could be expected to resume, further decline to 0.6800 area … Continue reading “AUDUSD Daily Analysis – July 31, 2019”

EURUSD Daily Analysis – July 31, 2019

EURUSD moved sideways in a trading range between 1.1101 and 1.1187. As long as 1.1187 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1412, further decline to 1.1050 area is still possible after the consolidation., only break above 1.1187 resistance could signal completion of the downtrend.

USDCAD Daily Analysis – July 29, 2019

USDCAD remains in the uptrend from 1.3015, the pullback from 1.3198 is likely consolidation for the uptrend. As long as 1.3114 support holds, the uptrend could be expected to resume, a breakout of 1.3198 resistance could trigger further upside movement to 1.3250 area, only a breakdown below 1.3114 support could bring the price back towards … Continue reading “USDCAD Daily Analysis – July 29, 2019”

USDJPY Daily Analysis – July 29, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 107.20. As long as the trend line support holds, the pullback from 108.82 could be treated as consolidation for the uptrend, further rise to 109.50 area could be expected after the consolidation, only a clear break below the … Continue reading “USDJPY Daily Analysis – July 29, 2019”

EURUSD Daily Analysis – July 29, 2019

EURUSD remains in the downtrend from 1.1412, the bounce from 1.1101 is likely consolidation for the downtrend. As long as 1.1187 resistance holds, the downside movement could be expected to resume, a breakdown below 1.1101 support could trigger further downside movement to 1.1050 area, only break above 1.1187 resistance could signal completion of the downtrend.