USDCAD Daily Analysis – October 29, 2019

USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3347. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.3000 area. Key resistance is at 1.3122, only break above this level could signal completion of … Continue reading “USDCAD Daily Analysis – October 29, 2019”

USDJPY Daily Analysis – October 29, 2019

USDJPY broke above 108.93 resistance, suggesting that the uptrend from 106.48 has resumed. As long as the price is above the rising trend line on the 4-hour chart, 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 … Continue reading “USDJPY Daily Analysis – October 29, 2019”

GBPUSD Daily Analysis – October 29, 2019

GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2788 could be treated as consolidation for the downtrend from 1.3012, further decline to 1.2700 area is possible after the consolidation. Key resistance is at 1.2876, above this level would indicate … Continue reading “GBPUSD Daily Analysis – October 29, 2019”

EURUSD Daily Analysis – October 29, 2019

EURUSD failed to break below the bullish trend line on the 4-hour chart and rebounded from 1.1073. Further rally to test 1.1125 resistance is possible, a breakout of this level could trigger another rise towards 1.1200. On the downside, a breakdown below 1.1073 level would confirm that the upside movement from 1.0879 had completed at … Continue reading “EURUSD Daily Analysis – October 29, 2019”

USDCAD Daily Analysis – October 28, 2019

USDCAD’s downside movement from 1.3347 extended to as low as 1.3052. As long as the price is in the bearish channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3000 area. Key resistance is at 1.3122, only break above this level could signal completion of … Continue reading “USDCAD Daily Analysis – October 28, 2019”

USDJPY Daily Analysis – October 28, 2019

USDJPY is in consolidation for the uptrend from 106.48. Range trading between 108.03 and 108.93 would likely be seen in a couple of days. As long as 108.03 support holds, the uptrend could be expected to resume, further rise to 109.50 area is possible after the consolidation. Only break below 108.03 support could signal completion … Continue reading “USDJPY Daily Analysis – October 28, 2019”

AUDUSD Daily Analysis – October 28, 2019

AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6882. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.6760 area. The key resistance is at 0.6835, a break of this level would indicate that … Continue reading “AUDUSD Daily Analysis – October 28, 2019”

GBPUSD Daily Analysis – October 28, 2019

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3012. As long as the channel resistance holds, the downside movement could be extended to continue and next target would be at 1.2700 area. On the upside, a breakout of the channel resistance would indicate that the downtrend … Continue reading “GBPUSD Daily Analysis – October 28, 2019”

EURUSD Daily Analysis – October 28, 2019

EURUSD is testing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1179 could be treated as consolidation of the uptrend from 1.0879, a break of 1.1125 resistance could trigger another rise towards 1.1200. On the downside, a clear break below the … Continue reading “EURUSD Daily Analysis – October 28, 2019”