USDCAD Daily Analysis – October 9, 2017 Forex Analysis

USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is now at 1.2448, only a breakdown below this level would indicate that … Continue reading "USDCAD Daily Analysis – October 9, 2017"

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USDJPY Daily Analysis – October 9, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 112.21 and 113.43. As long as 112.21 level holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area cold be expected after the consolidation. On the downside, a breakdown below 112.21 level could bring price back to … Continue reading "USDJPY Daily Analysis – October 9, 2017"

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AUDUSD Daily Analysis – October 9, 2017 Forex Analysis

AUDUSD’s bearish movement extended to as low as 0.7732. Key resistance is now at 0.7875, as long as the price is below this level, the downtrend could be expected to continue and next target would be at the resistance-turned-support trend line on the weekly chart now at 0.7700. On the upside, a break of 0.7800 … Continue reading "AUDUSD Daily Analysis – October 9, 2017"

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GBPUSD Daily Analysis – October 9, 2017 Forex Analysis

GBPUSD’s bearish movement from 1.3657 extended to as low as 1.3027. Further decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at 1.2955. The key resistance is at the bearish trend line on the 4-hour chart. Only a clear break above … Continue reading "GBPUSD Daily Analysis – October 9, 2017"

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EURUSD Daily Analysis – October 9, 2017 Forex Analysis

EURUSD extended its downside movement from 1.2092 to as low as 1.1669, facing an important support level at 1.1662. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart, now at 1.1415. Near term resistance is located at the falling trend line on the 4-hour chart. A breakthrough … Continue reading "EURUSD Daily Analysis – October 9, 2017"

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USDCAD Daily Analysis – October 6, 2017 Forex Analysis

USDCAD broke above 1.2538 resistance and extended its bullish movement from 1.2061 to as high as 1.2584. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at the top trend line of the channel. Key support is … Continue reading "USDCAD Daily Analysis – October 6, 2017"

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USDJPY Daily Analysis – October 6, 2017 Forex Analysis

USDJPY stays in a rising price channel on its 4-hour chart. As long as the channel support holds, the sideways movement in a trading range between 112.21 and 113.25 could be treated as consolidation of the uptrend from 107.31 and another rise to 114.00 area could be expected after the consolidation. On the downside, a … Continue reading "USDJPY Daily Analysis – October 6, 2017"

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