Analysis


EURUSD Daily Analysis

Dear Trader,

EURUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 1.1746 had completed at 1.1301 already. Further rally wou .....


GBPUSD Daily Analysis

Dear Trader,

GBPUSD moved sideways in a trading range between 1.2661 and 1.2827. As long as 1.2827 resistance holds, the sideways movement could be treated as consolidation of the downtrend and .....


AUDUSD Daily Analysis

Dear Trader,

AUDUSD extended its upside movement from 0.7202 to as high as 0.7319. Further rally is still possible and next target would be at 0.7350 area. Near term support is at 0.7245, only .....


USDJPY Daily Analysis

Dear Trader,

USDJPY continued its sideways movement in a trading range between 110.10 and 111.43. Support is at 110.10, a breakdown below this level could take the price to 109.00 area. Resista .....


USDCAD Daily Analysis

Dear Trader,

USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3174 already. Deeper decline is still possible and .....


EURUSD Daily Analysis

Dear Trader,

EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1746. As long as the price is in the channel, the bounce from 1.1301 could be treate .....


AUDUSD Daily Analysis

Dear Trader,

AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next .....


USDJPY Daily Analysis

Dear Trader,

USDJPY moved sideways in a trading range between 110.10 and 111.43. Support is at 110.10, a breakdown below this level could take the price to 109.00 area. Resistance is at 111.43, .....


GBPUSD Daily Analysis

Dear Trader,

GBPUSD remains in the downtrend from 1.3213, the bounce from 1.2661 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next ta .....


USDCAD Daily Analysis

Dear Trader,

USDCADs upside movement from 1.2961 extended to as high as 1.3174. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to .....