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USD/CAD Daily Analysis – Thursday, May 23
USD/CAD rebounded strongly after touching 1.3376 support, suggesting that the pair remains in the uptrend from 1.3274, and the price action from 1.3520 could be treated as consolidation for the uptrend.
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AUD/USD Daily Analysis – Thursday, May 23
AUD/USD is facing 0.6864 support, a breakdown below this level could trigger further downside movement towards 0.6800.
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USD/CAD Daily Analysis – Wednesday, May 22
USD/CAD is facing 1.3376 support, a breakdown below this level could take the price to 1.3300 area.
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AUD/USD Daily Analysis – Wednesday, May 22
AUD/USD failed to break above the resistance of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.7068.
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USD/CAD Daily Analysis – Tuesday, May 21
USD/CAD moved sideways in a trading range between 1.3376 and 1.3520.
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AUD/USD Daily Analysis – Tuesday, May 21
AUD/USD is facing the top trend line of the price channel on the 4-hour chart.
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The Biggest Problem With Using Indicators
Indicators are commonly considered as abstract and confusing by a lot of people. Forex analysis can be obscured by indicators since there are so many options from which you can choose. What makes indicators fail so hard for some people?

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