AUDUSD Daily Analysis – July 18, 2019

AUDUSD is in consolidation for the uptrend from 0.6910. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. Another rise to test 0.7047 is possible, a break of this level could signal resumption of the uptrend from 0.6910, then next target would be at 0.7100 area. Support is at … Continue reading “AUDUSD Daily Analysis – July 18, 2019”

GBPUSD Daily Analysis – July 18, 2019

GBPUSD remains in the downtrend from 1.2578, the bounce from 1.2381 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below 1.2381 support could take the price to 1.2300 area. Resistance is at 1.2475, only break above this level could bring the price back towards 1.2578 resistance.

EURUSD Daily Analysis – July 18, 2019

EURUSD failed to break below 1.1193 support and rebounded from 1.1199, suggesting that the fall from 1.1285 had completed. Further rally would likely be seen over the next several days and next target would be at 1.1285 resistance. Support is at 1.1193, only a breakdown below this level could trigger another fall towards 1.1150.

AUDUSD Daily Analysis – July 17, 2019

AUDUSD failed to break above 0.7047 resistance and pulled back from 0.7044. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. As long as 0.6975 support holds, the upside movement from 0.6910 could be expected to resume, a break of 0.7047 resistance could take the price to 0.7100 area. … Continue reading “AUDUSD Daily Analysis – July 17, 2019”