USDCAD Daily Analysis – January 29, 2020

USDCAD remains in the uptrend from 1.3035, the pullback from 1.3205 is likely consolidation for the uptrend. As long as 1.3117 support holds, the uptrend could be expected to continue and next target would be at 1.3250 area, only break below 1.3117 support could bring the price back towards the rising trend line on the … Continue reading “USDCAD Daily Analysis – January 29, 2020”

AUDUSD Daily Analysis – January 29, 2020

AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6933. As long as the trend line resistance holds, the bounce from 0.6736 could be treated as consolidation for the downtrend, further decline towards 0.6700 could be expected after the consolidation, only break above the trend line resistance … Continue reading “AUDUSD Daily Analysis – January 29, 2020”

GBPUSD Daily Analysis – January 29, 2020

GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2954 had completed at 1.3173 already. Further decline would likely be seen in the coming days and next target would be at 1.2850 area. Near term resistance is at 1.3065, only break above this level … Continue reading “GBPUSD Daily Analysis – January 29, 2020”

EURUSD Daily Analysis – January 29, 2020

EURUSD extended its downside movement from 1.1172 to as low as 1.0997. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.0997 could be treated as consolidation for the downtrend, further decline towards 1.0950 could be expected after the consolidation. Only a breakout of the trend … Continue reading “EURUSD Daily Analysis – January 29, 2020”

USDCAD Daily Analysis – January 28, 2020

USDCAD broke above 1.3171 resistance and extended its upside movement from 1.3035 to as high as 1.3199. The upside movement could be expected to continue in a couple of days and next target would be at 1.3250 area. Key support is at 1.3117, only break below this level could bring the price back towards the … Continue reading “USDCAD Daily Analysis – January 28, 2020”

USDJPY Daily Analysis – January 28, 2020

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.28. Further decline would likely be seen after a minor consolidation and next target would be at 107.40 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement had completed at … Continue reading “USDJPY Daily Analysis – January 28, 2020”

GBPUSD Daily Analysis – January 28, 2020

GBPUSD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3173 could be treated as consolidation for the uptrend from 1.2954, another rise towards 1.3200 could be expected after the consolidation. On the downside, a breakdown below the channel support would … Continue reading “GBPUSD Daily Analysis – January 28, 2020”

EURUSD Daily Analysis – January 28, 2020

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1172. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.0990 area. Near term resistance is at 1.1040, above this level could bring the price … Continue reading “EURUSD Daily Analysis – January 28, 2020”