USDCAD Daily Analysis – November 29, 2019

USDCAD continued its sideways movement in a trading range between 1.3254 and 1.3327. The sideways move is likely consolidation for the uptrend from 1.3041. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to resume and further rise to 1.3360 area is possible … Continue reading “USDCAD Daily Analysis – November 29, 2019”

USDJPY Daily Analysis – November 29, 2019

USDJPY stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 108.27. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 110.00 area. Key support is at 109.33, below this level could bring the price back to … Continue reading “USDJPY Daily Analysis – November 29, 2019”

AUDUSD Daily Analysis – November 29, 2019

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6834. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 0.6700 area. Key resistance is at 0.6795, only break above this level could signal … Continue reading “AUDUSD Daily Analysis – November 29, 2019”

USDCAD Daily Analysis – November 28, 2019

USDCAD moved sideways in a trading range between 1.3254 and 1.3327. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.3041, further rise towards 1.3360 is possible after the consolidation. Only break below the trend line support … Continue reading “USDCAD Daily Analysis – November 28, 2019”

USDJPY Daily Analysis – November 28, 2019

USDJPY extended its upside movement from 108.27 to as high as 109.60, breaking above 109.48 resistance. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 110.00 area. On the downside, a breakdown below the channel support … Continue reading “USDJPY Daily Analysis – November 28, 2019”