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AUDUSD Daily Analysis – Monday, August 21
AUDUSD is now in uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend.
USDCAD Daily Analysis – Monday, August 21
USDCAD is now in short term downtrend from 1.2778. Deeper decline to test 1.2413 support is possible in the coming days.
USDJPY Weekly Analysis – August 20, 2017
USDJPY’s downside movement extended to as low as 108.60. A further decline to test 108.13 is still possible, a breakdown below this level could take price to the 105.00 area. Resistance is now at 110.94.
AUDUSD Daily Analysis – Friday, August 18
AUDUSD is now in the uptrend from 0.7807, the pullback from 0.7962 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.8050 area.
USDCAD Daily Analysis – Friday, August 18
USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413.
AUDUSD Daily Analysis – Thursday, August 17
AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already.
USDCAD Daily Analysis – Thursday, August 17
USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already.
Microsoft Reaching Extreme Area
MSFT is showing 3 swings from all time lows and approaching the equal legs area where a correction can be seen. Also AMZN and Nifty Index reached equal legs area.
USDCAD Daily Analysis – Wednesday, August 16
After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778.
EURUSD Daily Analysis – Wednesday, Aug 16
EURUSD is facing 1.1689 support. A breakdown below this level will trigger another fall towards the bottom support trend line of the price channel on its daily chart, now at around 1.1560.
AUDUSD Daily Analysis – Tuesday, August 15
AUDUSD formed a sideways consolidation in a range between 0.7838 and 0.7918.
USDCAD Daily Analysis – Tuesday, August 15
USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance.
USDCAD Daily Analysis – Monday, August 14
USDCAD broke below the bullish support trend line on its 4-hour chart and is now facing 1.2650 key support.
AUDUSD Daily Analysis – Monday, August 14
AUDUSD broke above the bearish trend line on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7838 already.
GBPUSD Weekly Analysis – Saturday, August 12
GBP/USD remains in the uptrend from 1.1987, the pullback from 1.3267 is likely consolidation of the uptrend.
AUDUSD Weekly Analysis – Saturday, Aug 12
AUDUSD’s pullback from 0.8065 extended to as low as 0.7838, facing the support of the bullish trend line on its daily chart.
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