USDCAD Daily Analysis – April 30, 2020

USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance would indicate that the downside movement from 1.4264 is complete, then another rise towards 1.4300 could be seen.

GBPUSD Daily Analysis – April 30, 2020

GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise towards 1.2600 is possible after the consolidation. On the downside, a breakdown below the trend line would indicate … Continue reading “GBPUSD Daily Analysis – April 30, 2020”

USDCAD Daily Analysis – April 29, 2020

USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4264. As long as the trendline resistance holds, the downside movement could be expected to continue and next target would be at 1.3854 support. On the upside, a breakout of the trend line resistance would indicate that the … Continue reading “USDCAD Daily Analysis – April 29, 2020”