USDJPY Daily Analysis – September 30, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 106.95. As long as the channel support holds, further rise towards 108.47 resistance is still possible. However, a breakdown below the channel support would indicate that the uptrend had completed at 108.17 already, then the following … Continue reading “USDJPY Daily Analysis – September 30, 2019”

AUDUSD Daily Analysis – September 30, 2019

AUDUSD remains in the downtrend from 0.6894, the bounce from 0.6738 is likely consolidation for the downtrend. As long as 0.6808 key resistance holds, the downside movement could be expected to continue and next target would be at 0.6700 area. On the upside, a break of 0.6808 resistance would indicate that the downside movement had … Continue reading “AUDUSD Daily Analysis – September 30, 2019”

GBPUSD Daily Analysis – September 30, 2019

GBPUSD extended its downside movement from 1.2581 to as low as 1.2270. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue, next target would be at 1.2200 area. On the other side, a breakout of the trend line resistance would indicate … Continue reading “GBPUSD Daily Analysis – September 30, 2019”

EURUSD Daily Analysis – September 30, 2019

EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1109. As long as the channel resistance holds, the bounce from 1.0904 could be treated as consolidation for the downtrend, further decline to 1.0800 area is possible after the consolidation. On the upside, a breakout of the channel … Continue reading “EURUSD Daily Analysis – September 30, 2019”

AUDUSD Weekly Analysis – September 29, 2019

AUDUSD remains in the downtrend from 0.7295, the price action from 0.6677 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 0.6500 area. Near term resistance is at 0.6820, above this level could bring the price back towards the falling trend line on the … Continue reading “AUDUSD Weekly Analysis – September 29, 2019”

EURUSD Weekly Analysis – September 29, 2019

EURUSD broke below 1.0925 support, suggesting that the downtrend from 1.1412 has resumed. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next target would be at 1.0750 area. Key resistance is at 1.1109, only break above this level could … Continue reading “EURUSD Weekly Analysis – September 29, 2019”