USDCAD Daily Analysis - September 29, 2016 Forex Analysis

USDCAD broke below 1.3130 support, indicating that the uptrend from 1.3000 had completed at 1.3280 already. Deeper decline to test 1.3000 support is possible in a couple of days, a breakdown below this level will indicate that the longer term uptrend from 1.2763 (Aug 18 low) is complete, then the following downward movement could bring price to 1.2800 zone.

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USDJPY Daily Analysis - September 29, 2016 Forex Analysis

USDJPY stays below the downward trend line on 4-hour chart. As long as the trend line resistance holds, the pair is in downtrend from 104.31, and the rise from 100.08 could be treated as consolidation of the downtrend. Further decline to test 99.52 (Aug 16 low) support is still possible after consolidation. Only a clear break above the trend line resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - September 29, 2016 Forex Analysis

AUDUSD continued its upward movement from 0.7441 and the rise extended to as high as 0.7710. Further rise to test 0.7731 resistance is possible. Key support is at 0.7602, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - September 29, 2016 Forex Analysis

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and further decline to test 1.2865 (Aug 15 low) support is possible. On the other side, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.2914 already, then the following upward movement could bring price back to 1.3300 - 1.3350 area.

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EURUSD Daily Analysis - September 29, 2016 Forex Analysis

EURUSD is now in short term downtrend from 1.1279. Deeper decline to test 1.1123 key support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has resumed, then next target would be at 1.1000 area. Resistance is at 1.1279, only break above this level will indicate that the sideways movement in a range between 1.1123 and 1.1326 is complete, then the following upward movement could bring price to 1.1500 zone.

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AUDUSD Daily Analysis - September 28, 2016 Forex Analysis

AUDUSD's upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance is still possible. On the downside, a breakdown below 0.7602 support will indicate that the uptrend is complete, then the following downward movement could bring price back to 0.7400 zone.

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EURUSD Daily Analysis - September 28, 2016 Forex Analysis

EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption of the downtrend from 1.1366 (Aug 18 high), then next target would be at 1.1000 area. Resistance is now at 1.1279, only break above this level will indicate that the sideways movement in a range between 1.1123 and 1.1326 is complete, then the following upward movement could bring price to 1.1500 zone.

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USDCAD Daily Analysis - September 27, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3000, and the rise extended to as high as 1.3275. Further rise is still possible in a couple of days, and next target would be at 1.3300 area. Support is at 1.3130, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - September 27, 2016 Forex Analysis

USDJPY's downward movement from 104.31 extended to as low as 100.08. Further decline to test 99.52 (Aug 16 low) support is possible after a minor consolidation. Resistance is at 101.30, only break above this level could bring price back to 103.00 zone.

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AUDUSD Daily Analysis - September 27, 2016 Forex Analysis

AUDUSD broke below the bottom of the price channel on 4-hour chart, implying that the uptrend from 0.7441 had completed at 0.7674 already. Key support is at 0.7602, a breakdown below this level will confirm the completion of the uptrend, then the following downward movement could bring price back to 0.7400 zone. Resistance is at 0.7674, only break above this level could trigger another rise towards 0.8000.

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GBPUSD Daily Analysis - September 27, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, further decline to test 1.2865 (Aug 15 low) support is possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend is complete, then the following upward movement could bring price back to 1.3300 - 1.3350 area.

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EURUSD Daily Analysis - September 27, 2016 Forex Analysis

EURUSD's bounce from 1.1123 extended to as high as 1.1279. Further rise to test 1.1326 resistance is possible after a minor consolidation. Near term support is at 1.1200, a breakdown below this level could bring price back to re-test 1.1123 support.

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USDCAD Daily Analysis - September 26, 2016 Forex Analysis

USDCAD broke above 1.3150 resistance, indicating that the pair is now in uptrend from 1.3000. Further rise to test 1.3248 resistance could be expected after a minor consolidation. Support level is at 1.3090, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - September 26, 2016 Forex Analysis

Being contained by 99.52 support, USDJPY rebounded from 100.09. Further rally would likely be seen over the next several days, and next target would be at 103.00 area. Support is at 100.09, only break below this level could trigger another fall to test 99.52 support.

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AUDUSD Daily Analysis - September 26, 2016 Forex Analysis

AUDUSD is testing the support of the price channel on 4-hour chart. A clear break below the channel support will indicate that the upward movement from 0.7441 had completed at 0.7674 already, then the following downward movement could bring price back to 0.7500 area. On the upside, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.7750 area.

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GBPUSD Daily Analysis - September 26, 2016 Forex Analysis

GBPUSD's downward movement from 1.3445 extended to as low as 1.2914. Further decline to test 1.2865 support is possible in a couple of days. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could indicate that the downtrend had completed at 1.2914 already, then the following upward movement could bring price back to 1.3300 - 1.3350 area.

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EURUSD Daily Analysis - September 26, 2016 Forex Analysis

EURUSD is forming a sideways consolidation in a range between 1.1123 and 1.1326. Support is at 1.1123, a breakdown below this level will signal resumption of the downtrend from 1.1366, then next target would be at 1.1000. Resistance is at 1.1326, only break above this level could trigger another rise towards 1.1400.

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USDCAD Daily Analysis - September 23, 2016 Forex Analysis

USDCAD broke below 1.3100 support, indicating that the uptrend from 1.2822 had completed at 1.3248 already. Further decline could be expected over the next several days, and the target would be at 1.2800 area. Resistance is at 1.3150, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - September 23, 2016 Forex Analysis

USDJPY broke below 101.20 support and reached as low as 100.09. Further decline to test 99.52 support is still possible. Resistance is at 102.00, only break above this level will indicate that the downward movement from 104.31 is complete, then further ally to 106.00 area could be seen.

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AUDUSD Daily Analysis - September 23, 2016 Forex Analysis

AUDUSD continued its upward movement from 0.7441, and the rise extended to as high as 0.7674. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance is possible. Only a clear break below the channel support could signal completion of the uptrend.

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GBPUSD Daily Analysis - September 23, 2016 Forex Analysis

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to test 1.2865 support is possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.2946 already, then the following upward movement could bring price to 1.3400 zone.

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EURUSD Daily Analysis - September 23, 2016 Forex Analysis

EURUSD failed to break below 1.1123 support. Sideways movement in a range between 1.1123 and 1.1326 would likely be seen over the next several days. Support is at 1.1123, a breakdown below this level will signal resumption of the downtrend from 1.1366, then next target would be at 1.1000. Resistance is at 1.1326, only break above this level could trigger another rise towards 1.1400.

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USDJPY Daily Analysis - September 21, 2016 Forex Analysis

After touching 101.20 support, USDJPY rebounded strongly from 101.00. Further rise to test 104.31 resistance could be expected over the next several days, a break of this level will signal resumption of the uptrend from 99.52, then next target would be at 106.00 area.

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AUDUSD Daily Analysis - September 21, 2016 Forex Analysis

AUDUSD's upward movement from 0.7441 extended to as high as 0.7581. Further rise could be expected in a couple of days, and next target would be at 0.7650 area. Support level is at 0.7490, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - September 21, 2016 Forex Analysis

GBPUSD's downward movement from 1.3445 extended to as low as 1.2946. Near term resistance is at 1.3100, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2800 area. Key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - September 21, 2016 Forex Analysis

EURUSD is testing 1.1123 support, a breakdown below this level will confirm that the downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.1326 could be expected to continue. Key resistance is at 1.1213, only break above this level could bring price back towards 1.1400.

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USDCAD Daily Analysis - September 20, 2016 Forex Analysis

USDCAD remains in uptrend from 1.2822, the fall from 1.3248 could be treated as consolidation of the uptrend. Key support is at 1.3100, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3300 area. On the downside, a breakdown below 1.3100 support will indicate that the uptrend had completed at 1.3248 already, then the following downward movement could bring price back to 1.2800 zone.

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AUDUSD Daily Analysis - September 20, 2016 Forex Analysis

AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support level is at 0.7490, only break below this level could trigger another fall towards 0.7200.

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GBPUSD Daily Analysis - September 20, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. Further decline is still possible after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is at 1.3140, and the key resistance is located at the downward trend line on 4-hour chart. Only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - September 20, 2016 Forex Analysis

EURUSD is in downtrend from 1.1326. Further decline to test 1.1123 support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1200, only break above this level could bring price back to 1.1400 zone.

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USDCAD Daily Analysis - September 19, 2016 Forex Analysis

USDCAD's upward movement from 1.2822 extended to as high as 1.3248. Further rise is still possible after a minor consolidation, and next target would be at 1.3300 area. Key support is at 1.3100, only break below this level will indicate that the uptrend had completed at 1.3248 already, then the following downward movement could bring price back to 1.2800 zone.

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USDJPY Daily Analysis - September 19, 2016 Forex Analysis

USDJPY stayed in the trading range between 101.20 and 103.35 for several days. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this level could trigger another rise towards 106.00.

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AUDUSD Daily Analysis - September 19, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Key resistance is at 0.7567, as long as this level holds, the downtrend could be expected to resume after consolidation, and further decline to 0.7200 area is still possible.

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GBPUSD Daily Analysis - September 19, 2016 Forex Analysis

GBPUSD continued its downward movement from 1.3445 and the fall extended to as low as 1.2995. Further decline could be expected after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is at 1.3140, and the key resistance is located at the downward trend line on 4-hour chart. Only a clear break above the trend line resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - September 19, 2016 Forex Analysis

EURUSD broke below 1.1198 support and continued its downward movement from 1.1326. Further decline to test 1.1123 support is possible after a minor consolidation, a breakdown below this level will confirm that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1200, only break above this level could bring price back to 1.1400 zone.

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USDCAD Daily Analysis - September 16, 2016 Forex Analysis

Being contained by 1.3252 (Jul 27 high) resistance, USDCAD pulled back from 1.3235, indicating that consolidation of the uptrend from 1.2822 is underway. Range trading between 1.3080 and 1.3235 would likely be seen in a couple of days.

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USDJPY Daily Analysis - September 16, 2016 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 101.20 and 103.35. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this level could trigger another rise towards 106.00.

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AUDUSD Daily Analysis - September 16, 2016 Forex Analysis

AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend could be expected to resume after consolidation, and further decline to 0.7200 area is still possible.

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GBPUSD Daily Analysis - September 16, 2016 Forex Analysis

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to 1.2900 area is possible. On the upside, a clear break above the trend line resistance will indicate that the downward movement had completed at 1.3138 already, then next target would be at 1.3600 zone.

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EURUSD Daily Analysis - September 16, 2016 Forex Analysis

EURUSD moved sideways in a narrow range between 1.1198 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.1326, and further decline to 1.1000 area is possible after consolidation. On the upside, a break of 1.1285 resistance will indicate that the uptrend from 1.1123 has resumed, then the following upward movement could bring price to 1.1400 zone.

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USDCAD Daily Analysis - September 15, 2016 Forex Analysis

USDCAD's upward movement from 1.2822 extended to as high as 1.3208. Further rise could be expected after a minor consolidation, and next target would be at 1.3400 area. Support level is now at 1.3125, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - September 15, 2016 Forex Analysis

USDJPY's bounce from 101.20 can reach 103.35 only, the subsequent fall indicate that the pair remains in downtrend from 104.31. Further decline to 100.00 area would likely be seen over the next several days. Resistance is now at 103.35, only break above this level could trigger another rise towards 106.00 zone.

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AUDUSD Daily Analysis - September 15, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7200 area. Resistance is at 0.7530, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - September 15, 2016 Forex Analysis

GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.3138 already, then the following upward movement could bring price to 1.3600 zone.

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EURUSD Daily Analysis - September 15, 2016 Forex Analysis

EURUSD is in downtrend from 1.1326, the rise from 1.1198 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.1000 area. Near term resistance is at 1.2385, only break above this level could trigger another rise towards 1.1400.

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USDCAD Daily Analysis - September 14, 2016 Forex Analysis

USDCAD broke above 1.3147 resistance. Further rise could be expected over the next several days, and next target would be at 1.3400 area. Support is at 1.3020, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis - September 14, 2016 Forex Analysis

USDJPY broke above 103.05 resistance indicating that the uptrend from99.52 has resumed. Further rise to test 104.31 resistance could be seen, a break of this level could bring price to 106.00 zone. Support is at 101.20, only break below this level could bring price back to 99.50 zone.

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AUDUSD Daily Analysis - September 14, 2016 Forex Analysis

AUDUSD broke below 0.7489 support and reached as low as 0.7441. Further decline could be expected over the next several days, and next target would be at 0.7200 area. Resistance is at 0.7570, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis - September 14, 2016 Forex Analysis

GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3445 already. Resistance is located at the downward trend line. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and next target would be at 1.2900 zone.

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EURUSD Daily Analysis - September 14, 2016 Forex Analysis

EURUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.1123 had completed at 1.1326 already. Further fall would likely be seen over the next several days, and next target would be at 1.1000 area. Near term resistance is at 1.1280, only break above this level could trigger another rise towards 1.1400.

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