AUDUSD Daily Analysis – March 31, 2020

AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise to 0.6400 area is still possible after the consolidation. On the downside, a breakdown below the trend line … Continue reading “AUDUSD Daily Analysis – March 31, 2020”

EURUSD Daily Analysis – March 31, 2020

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the pullback from 1.1147 could be treated as consolidation for the uptrend and further rise to 1.1260 area is still possible after the consolidation. Key support is at 1.0953, … Continue reading “EURUSD Daily Analysis – March 31, 2020”

USDJPY Daily Analysis – March 30, 2020

USDJPY broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 101.17 had completed at 111.71 already. Further decline would likely be seen after a minor consolidation and next target would be at 106.00 area. Near term resistance is at 108.00, a breakout of this level could bring the … Continue reading “USDJPY Daily Analysis – March 30, 2020”

EURUSD Daily Analysis – March 30, 2020

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally is still possible after a minor consolidation and next target would be at 1.1260 area. Near term support is at 1.1065, a breakdown below this level could bring the price … Continue reading “EURUSD Daily Analysis – March 30, 2020”