USDCAD Weekly Analysis - January 31, 2015 Forex Analysis

USDCAD's upward movement from 1.0619 (Jul 3, 2014 low) extended to as high as 1.2797. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Near term support is at 1.2450, and the key support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

For more short term forex analysis and info visit via USDCAD Weekly Analysis - January 31, 2015 . Thanks for your support.

USDJPY Weekly Analysis - January 31, 2015 Forex Analysis

USDJPY moved sideways in a trading range between 115.56 and 121.84. As long as 115.56 support holds, the sideways movement could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), another rise towards 130.00 could be expected after consolidation. On the downside, a breakdown below 115.56 support will indicate that lengthier consolidation for the uptrend is underway, then deeper decline to 112.00 area could be seen.

For more short term forex analysis and info visit via USDJPY Weekly Analysis - January 31, 2015 . Thanks for your support.

AUDUSD Weekly Analysis - January 31, 2015 Forex Analysis

AUDUSD's downward movement from 0.9504 (Jul 1, 2014 high) extended to as low as 0.7719. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via AUDUSD Weekly Analysis - January 31, 2015 . Thanks for your support.

GBPUSD Weekly Analysis - January 31, 2015 Forex Analysis

GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4950 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.4500 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via GBPUSD Weekly Analysis - January 31, 2015 . Thanks for your support.

EURUSD Weekly Analysis - January 31, 2015 Forex Analysis

EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.1097 is likely consolidation of the downtrend. Range trading between 1.1097 and 1.1600 would likely be seen in a couple of weeks. Near term resistance is at 1.1600, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.0000 is still possible. Key resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

For more short term forex analysis and info visit via EURUSD Weekly Analysis - January 31, 2015 . Thanks for your support.