EURUSD Daily Analysis – October 31, 2019

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 1.1179 had completed at 1.1073 already. Further rally to test 1.1179 resistance would likely be seen, above this level could trigger another upside movement towards 1.1250. Near term support is at 1.1125, below this level could bring … Continue reading “EURUSD Daily Analysis – October 31, 2019”

USDCAD Daily Analysis – October 30, 2019

USDCAD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.3041 could be treated as consolidation for the downtrend from 1.3347, further decline towards 1.3000 is still possible after the consolidation. Key resistance is at 1.3122, only break above this level … Continue reading “USDCAD Daily Analysis – October 30, 2019”

USDJPY Daily Analysis – October 30, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 108.25. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 109.50 area. On the downside, a breakdown below the trend line support would indicate that … Continue reading “USDJPY Daily Analysis – October 30, 2019”

EURUSD Daily Analysis – October 30, 2019

EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 1.0879 had completed at 1.1179 already. Further decline would likely be seen in the coming days and next target would be at 1.1000 area. Near term resistance is at 1.1125, a break of this level could bring the price … Continue reading “EURUSD Daily Analysis – October 30, 2019”