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AUDUSD Daily Analysis – Tuesday, August 4
AUDUSD remains in the uptrend from 0.6776, the price action from 0.7182 is likely consolidation for the uptrend.
USDCAD Daily Analysis – Tuesday, August 4
USDCAD moved sideways in a trading range between 1.3330 and 1.3458.
EURUSD Daily Analysis – Monday, August 3
EURUSD is in consolidation for the uptrend from 1.1168. Range trading between 1.1650 and 1.1908 would likely be seen in a couple of days.
EURUSD Weekly Analysis – Sunday, August 2
EURUSD stays above a rising trend line on the daily chart, and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue, and the next target would be around the 1.2100 area.
GBPUSD Weekly Analysis – Sunday, August 2
GBPUSD extended its upside movement from 1.1409 to as high as 1.3169. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and the next target would be at the 1.3500 area.
USDJPY Weekly Analysis – Sunday, August 2
USDJPY rebounded strongly from 104.18, suggesting that the downside movement from 109.84 had completed. Further rallying will likely be seen in the coming days and the target will be at the falling trend line.
USDCAD Weekly Analysis – Sunday, August 2
USDCAD is facing 1.3314 support. A breakdown below this level could trigger further downside movement towards 1.3100.
AUDUSD Weekly Analysis – August 2, 2020
AUD/USD’s upside movement from 0.5507 extended to as high as 0.7227. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 0.7400 area.
USDCAD Daily Analysis – Tuesday, July 28
USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area.
AUDUSD Daily Analysis – July 28, 2020
AUDUSD is facing 0.7182 resistance, a break of this level could signal resumption of the uptrend from 0.6776, then next target would be at 0.7300 area.
USDCAD Daily Analysis – Monday, July 27
USDCAD extended its downside movement from 1.3715 to as low as 1.3350. Deeper decline to test 1.3314 support could be expected, a breakdown below this level could trigger further downside movement towards 1.3200.
AUDUSD Daily Analysis – Monday, July 27
AUDUSD remains in the uptrend from 0.6776, the pullback from 0.7182 is likely consolidation for the uptrend.
USDJPY Weekly Analysis – Sunday, July 26
USDJPY broke below 105.98 support. Further decline could be expected in a couple of weeks, and the next target would be at the 104.00 area.
EURUSD Weekly Analysis – Sunday, July 26
EURUSD extended its upside movement from 1.0635, to as high as 1.1657. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue, and the next target would be at the 1.1800 area.
USDCAD Weekly Analysis – Sunday, July 26
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and the next target would be at the 1.3100 area.
AUDUSD Daily Analysis – Friday, July 24
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6832.
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