USDCAD Daily Analysis – August 15, 2019

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3015. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3400 area. Key support is at 1.3184, only break below this level could signal completion … Continue reading “USDCAD Daily Analysis – August 15, 2019”

USDJPY Daily Analysis – August 15, 2019

USDJPY failed to break above 107.08 resistance and stays in a trading range between 105.04 and 107.08. As long as 107.08 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 109.31, further decline to 104.00 area is still possible, only break above 107.08 resistance could signal completion … Continue reading “USDJPY Daily Analysis – August 15, 2019”

USDJPY Daily Analysis – August 14, 2019

USDJPY is facing 107.08 resistance, a break of this level would confirm that the downside movement from 109.31 had completed at 105.04 already, then further rally to 108.00 area could be seen. On the downside, as long as 107.08 resistance holds, the price action from 105.52 could be treated as consolidation for the downtrend, one … Continue reading “USDJPY Daily Analysis – August 14, 2019”

USDCAD Daily Analysis – August 14, 2019

USDCAD is facing the support of the rising trend line on the 4-hour chart, a clear break below the trend line support could signal completion of the uptrend from 1.3015, then deeper decline to 1.3050 area could be seen. On the upside, as long as the trend line support holds, the fall from 1.3344 could … Continue reading “USDCAD Daily Analysis – August 14, 2019”

GBPUSD Daily Analysis – August 14, 2019

GBPUSD moved sideways in a trading range between 1.2014 and 1.2106. As long as 1.2106 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, further decline to 1.1950 area is still possible after the consolidation, only break above 1.2106 resistance could bring the price back towards 1.2250.