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USD/CAD Daily Analysis - Wednesday, April 25
USD/CAD remains in the uptrend from 1.2526. Further rise would likely be seen after a minor consolidation and next target would be at 1.2930 area.
AUD/USD Daily Analysis - Wednesday, April 25
AUD/USD remains in the downtrend from 0.7813, the bounce from 0.7576 is likely consolidation for the downtrend.
USD/CAD Daily Analysis - Monday, April 23
USD/CAD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3124 had completed at 1.2526 already.
AUD/USD Daily Analysis - Monday, April 23
AUD/USD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642.
GBPUSD Weekly Analysis – Sunday, April 22
GBPUSD pulled back to the 1.4000 area after touching 1.4345 resistance, suggesting that a lengthier consolidation for the uptrend from 1.1946 (Oct 7, 2016 low) is needed.
USDCAD Weekly Analysis – Sunday, April 22
USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. A further rally would likely be seen in a couple of weeks and the next target would be at 1.3000 area.
AUDUSD Daily Analysis – Friday, April 20
AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already.
USDCAD Daily Analysis – Friday, April 20
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart.
AUDUSD Daily Analysis – Wednesday, April 18
AUDUSD moved sideways in a trading range between 0.7738 and 0.7809.
USDCAD Daily Analysis – Wednesday, April 18
USDCAD broke below 1.2544 support and extended its downside movement from 1.2943 to as low as 1.2526.
AUDUSD Daily Analysis – Tuesday, April 17
AUDUSD remains in the uptrend from 0.7642, the fall from 0.7809 could be treated as consolidation for the uptrend.
USDCAD Daily Analysis – Tuesday, April 17
USDCAD remains in the downtrend from 1.2943, the bounce from 1.2544 could be treated as consolidation for the downtrend.
AUDUSD Daily Analysis – Monday, April 16
AUDUSD extended its upside movement from 0.7642 to as high as 0.7809.
USDCAD Daily Analysis – Monday, April 16
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2943.
GBP/USD Weekly Analysis – Sunday, April 15
GBP/USD is facing 1.4345 resistance. A breakout of this level would indicate that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed.
USD/CAD Daily Analysis - Thursday, April 12
USD/CAD extended its downside movement from 1.2943 to as low as 1.2544.
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