USDJPY Daily Analysis - November 1, 2016 Forex Analysis

USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 103.16. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend. Further rise is still possible and next target would be at 106.00 area. However, a clear break below the trend line support will indicate that the uptrend had completed at 105.53 already, then the following downward movement could bring price back to 101.00 area.

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AUDUSD Daily Analysis - November 1, 2016 Forex Analysis

AUDUSD rebounded from the bottom of the price channel on 4-hour chart. Further rise would likely be seen in a couple of days, and the target would be at the top of the price channel. Support is at 0.7557, only break below this level could bring price to 0.7500 zone.

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GBPUSD Daily Analysis - November 1, 2016 Forex Analysis

GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds, the downtrend could be expected to resume, and further decline to 1.1500 area is still possible. Support is at 1.2082, a breakdown below this level will signal resumption of the downtrend. Near term resistance is at 1.2332, a break of this level could bring price to test the trend line resistance.

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EURUSD Daily Analysis - November 1, 2016 Forex Analysis

EURUSD remains in uptrend from 1.0851, the fall from 1.0991 is likely consolidation of the uptrend. Near term support is at 1.0925, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1050 area. On the other side, a breakdown below 1.0925 support could bring price back to test 1.0851 support.

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USDCAD Daily Analysis - October 31, 2016 Forex Analysis

USDCAD's upward movement from 1.3005 extended to as high as 1.3433. Further rise could be expected in a couple of days, and next target would be at 1.3600 area. Support levels are at 1.3345 and 1.3276, as long as these levels hold, the uptrend will continue.

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USDJPY Daily Analysis - October 31, 2016 Forex Analysis

USDJPY is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend from 103.16, and further rise to 106.00 area is still possible. On the downside, a clear break below the trend line support will indicate that the uptrend had completed at 105.53 already, then the following downward movement could bring price back to 101.00 area.

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AUDUSD Daily Analysis - October 31, 2016 Forex Analysis

AUDUSD reached the bottom of the price channel on 4-hour chart. Further rebound would likely be seen, and the target would be at at top of the channel. Support is at 0.7557, only break below this level could bring price to 0.7500 zone.

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EURUSD Daily Analysis - October 31, 2016 Forex Analysis

EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels are at 1.0925 and 1.0850, only break below these levels could trigger another fall towards 1.0700.

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USDJPY Daily Analysis - October 28, 2016 Forex Analysis

USDJPY's upward movement from 103.16 extended to as high as 105.34. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 106.00 area.

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AUDUSD Daily Analysis - October 28, 2016 Forex Analysis

AUDUSD's downward movement from 0.7734 extended to as low as 0.7579. Further decline could be expected in a couple of days, and the target would be at 0.7540 area.

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EURUSD Daily Analysis - October 28, 2016 Forex Analysis

EURUSD is facing the resistance of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from 1.1279 could be expected to continue, and further decline to 1.0700 area is still possible. Key resistance is at 1.0946, only break above this level will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

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USDCAD Daily Analysis - October 27, 2016 Forex Analysis

USDCAD is facing 1.3397 resistance, a break of this level will signal resumption of the uptrend from 1.3005, then next target would be at 1.3600 area. Support is at 1.3276, only break below this level will indicate that the uptrend had completed at 1.3397 already, then the following downward movement could bring price back to 1.3100 zone.

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AUDUSD Daily Analysis - October 27, 2016 Forex Analysis

AUDUSD failed to break above 0.7734 resistance, indicating that the pair remains in downtrend from 0.7734. Deeper decline would likely be seen and the target would be at 0.7500 area.

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EURUSD Daily Analysis - October 27, 2016 Forex Analysis

EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700 area. On the upside, a clear break above the channel resistance will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

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USDJPY Daily Analysis - October 26, 2016 Forex Analysis

USDJPY broke above 104.63 resistance, indicating that the uptrend from 100.08 has resumed. Further rise could be expected in a couple of days, and next target would be at 106.00 area. Support is at 103.75, only break below this level could bring price back to test 102.81 support.

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AUDUSD Daily Analysis - October 26, 2016 Forex Analysis

AUDUSD broke above 0.7650 resistance, indicating that the downward movement from 0.7734 had completed at 0.7587 already. Further rise could be expected over the next several days, and next target would be at 0.7800 area. Support is now at 0.7650, only break below this level could trigger another fall to 0.7500 zone.

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EURUSD Daily Analysis - October 26, 2016 Forex Analysis

EURUSD is in consolidation of the downtrend from 1.1279. Range trading between 1.0851 and 1.0935 would likely be seen in a couple of days. Near term resistance is at 1.0935, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0700 area is still possible. Key resistance is located at the top of the price channel, only a clear break above the channel resistance will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

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USDCAD Daily Analysis - October 25, 2016 Forex Analysis

USDCAD's upward movement from 1.3005 extended to as high as 1.3397, the subsequent fall indicate that consolidation of the uptrend is underway. Range trading between 1.3200 and 1.3397 would likely be seen over the next several days.

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USDJPY Daily Analysis - October 25, 2016 Forex Analysis

USDJPY is facing 104.63 resistance, a break of this level will indicate that the uptrend from 100.08 has resumed, then further rise to 106.00 area could be seen. On the other side, as long as 104.63 resistance holds, the sideways movement in a range between 102.81 and 104.63 could be expected to continue.

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AUDUSD Daily Analysis - October 25, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7734, the bounce from 0.7587 could be treated as consolidation of the downtrend. Resistance is at 0.7650, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7500 area. Only break above 0.7650 resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - October 25, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1279, the rise from 1.0859 is likely consolidation of the downtrend. Near term resistance is at 1.0935, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0700 area is still possible. Key resistance is located at the top of the price channel, only a clear break above the channel resistance will indicate that the downtrend had completed at 1.0859 already, then the following upward movement could bring price to 1.1400 zone.

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USDCAD Daily Analysis - October 24, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3358. Further rise could be expected after a minor consolidation, and next target would be at 1.3600 area. Support levels are at 1.3290 and 1.3240, only break below these levels could signal completion of the uptrend.

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USDJPY Daily Analysis - October 24, 2016 Forex Analysis

USDJPY continued its sideways movement in a range between 102.81 and 104.63. Key support is at 102.81, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 100.08, and further rise to 106.00 area is still possible. However, a breakdown below 102.81 support will indicate that the uptrend had completed at 104.63 already, then the downward movement could bring price back to 100.00 zone.

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AUDUSD Daily Analysis - October 24, 2016 Forex Analysis

AUDUSD's downward movement from 0.7734 extended to as low as 0.7587. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is at 0.7650, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - October 24, 2016 Forex Analysis

GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days. As long as 1.2477 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3445 (Sept 6 high), another fall to 1.1500 area is still possible after consolidation. On the other side, a break of 1.2477 resistance will indicate that the downward movement had completed at 1.1946 already, then further rally to test the resistance of the downward trend line on 4-hour chart could be seen.

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EURUSD Daily Analysis - October 24, 2016 Forex Analysis

EURUSD's downward movement from 1.1279 extended to as low as 1.0859. Further decline could be expected after a minor consolidation, and next target would be at 1.0700 area. Near term resistance is at 1.0935, as long as this level holds, the downtrend will continue. Key resistance is located at the downward price channel on 4-hour chart, only a clear break above the channel resistance will indicate that the downtrend is complete, then the following upward movement could bring price to 1.1400 zone.

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USDCAD Daily Analysis - October 21, 2016 Forex Analysis

USDCAD's rise from 1.3005 extended to as high as 1.3248. Further rise to test 1.3313 resistance could be expect after a minor consolidation. Support levels are at 1.3200 and 1.3160, as long as these levels hold, the uptrend will continue.

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AUDUSD Daily Analysis - October 21, 2016 Forex Analysis

AUDUSD broke below 0.7650 support, indicating that the uptrend from 0.7506 had completed at 0.7734 already. Further decline could be expected over the next several days, and next target would be at 0.7500 area. Resistance levels are at 0.7680 and 0.7734, only break above these levels could trigger another rise towards 0.8000.

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EURUSD Daily Analysis - October 21, 2016 Forex Analysis

EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700 area. Key resistance is at 1.1039, only break above this level will indicate that the downtrend has completed, then the following upward movement could bring price back to 1.1250 zone.

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USDCAD Daily Analysis - October 20, 2016 Forex Analysis

USDCAD rebounded strongly from 1.3005, indicating that the downward movement from 1.3313 had completed. Further rally could be expected over the next several days, and next target would be at 1.3250 area. Support level are at 1.3070 and 1.3005, only break below these levels could trigger another fall towards 1.2900.

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AUDUSD Daily Analysis - October 20, 2016 Forex Analysis

AUDUSD's upward movement from 0.7506 extended to as high as 0.7734. Further rise is still possible after a minor consolidation, and next target would be at 0.7800 area. Support is at 0.7650, only break below this level will indicate that the uptrend had completed at 0.7734 already, then the following downward movement could bring price back to 0.7550 zone.

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EURUSD Daily Analysis - October 20, 2016 Forex Analysis

EURUSD's downward movement from 1.1279 extended to as low as 1.0954. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Resistance levels are at 1.1025 and 1.1058, only break above these levels could signal completion of the downtrend.

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USDCAD Daily Analysis - October 19, 2016 Forex Analysis

USDCAD is now in downtrend from 1.3313. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3183, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - October 19, 2016 Forex Analysis

USDJPY is forming a sideways consolidation in a rang between 102.81 and 104.63. As long as 102.81 support holds, the uptrend from 100.08 could be expected to resume, and further rise to 106.00 area is possible. On the downside, a breakdown below 102.81 support will indicate that the uptrend had completed at 104.63 already, then the downward movement could bring price back to 100.00 zone.

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AUDUSD Daily Analysis - October 19, 2016 Forex Analysis

AUDUSD's upward movement from 0.7506 extended to as high as 0.7690. Further rise is still possible after a minor consolidation, and next target would be at 0.7750 area. Support is at 0.7640, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - October 19, 2016 Forex Analysis

GBPUSD continued its sideways movement in a range between 1.1946 and 1.2477. Resistance is at 1.2477, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3445 (Sept 6 high), another fall to 1.1500 area is still possible after consolidation. On the upside, a break of 1.2477 resistance will indicate that the downward movement had completed at 1.1946 already, then further rally to test the resistance of the downward trend line could be seen.

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EURUSD Daily Analysis - October 19, 2016 Forex Analysis

EURUSD moved sideways in a rang between 1.0963 and 1.1058. As long as 1.1058 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1279, and further decline to 1.0900 area could be expected after consolidation. On the upside, a break of 1.1058 resistance will indicate that the downtrend had completed at 1.0963 already, then the following upward movement could bring price to 1.1200 zone.

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USDCAD Daily Analysis - October 17, 2016 Forex Analysis

Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the target would be at 1.3350 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.3313 already, then deeper decline to 1.2800 area could be seen.

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USDJPY Daily Analysis - October 17, 2016 Forex Analysis

USDJPY remains in uptrend from 100.08. Further rise could be expected and next target would be at 106.00 area. Support is at 102.81, only break below this level will indicate that the uptrend had completed at 104.63 already, then the downward movement could bring price back to 100.00 zone.

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AUDUSD Daily Analysis - October 17, 2016 Forex Analysis

AUDUSD broke above the channel resistance, indicating that the downward movement from 0.7710 had completed at 0.7506 already. The pair is now in uptrend from 0.7506, the fall from 0.7647 would possibly be correction of the uptrend. Another rise to test 0.7710 resistance could be expected after correction.

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GBPUSD Daily Analysis - October 17, 2016 Forex Analysis

GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2477. Another rise to test 1.2477 resistance would likely be seen, a break of this level will indicate that the downward movement from 1.3445 had completed at 1.1946 already, then further rally to test the resistance of the downward trend line could be seen.

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EURUSD Daily Analysis - October 17, 2016 Forex Analysis

EURUSD's downward movement from 1.1279 extended to as low as 1.0966. Resistance is now at 1.1058, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0900 area. On the upside, a break of 1.1058 resistance will signal completion of the downtrend, then the following upward movement could bring price to 1.1200 zone.

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AUDUSD Daily Analysis - October 14, 2016 Forex Analysis

AUDUSD remains in downtrend from 0.7710, the rise from 0.7506 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 0.7400 area is still possible. However, a clear break above the channel resistance will indicate that the downtrend had completed at 0.7506 already, then the following upward movement could bring price to 0.8000 zone.

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EURUSD Daily Analysis - October 14, 2016 Forex Analysis

EURUSD's downward movement from 1.1279 extended to as low as 1.0985. Near term resistance is at 1.1080, as long as this level holds, the bounce from 1.0985 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 1.0900 area. On the upside, a break of 1.1080 resistance will signal completion of the downtrend, then the following upward movement could bring price to 1.1150 zone.

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USDJPY Daily Analysis - October 13, 2016 Forex Analysis

USDJPY stays in the upward price channel on 4-hour chart and remains in uptrend from 100.08. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 106.00 area. Key support is at 102.81, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 100.00 zone.

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AUDUSD Daily Analysis - October 13, 2016 Forex Analysis

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.7710. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is at the downtrend line, and the key resistance is at 0.7628, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - October 13, 2016 Forex Analysis

GBPUSD is in short term uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rise to 1.2700 area to complete the upward movement would likely be seen. Key support is at 1.1946, only break below this level could trigger another fall towards 1.1500.

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EURUSD Daily Analysis - October 13, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1279 and the downward movement extended to as low as 1.1000. Further decline could be expected after a minor consolidation, and next target would be at 1.0950 area. Near term resistance is at 1.1060, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - October 12, 2016 Forex Analysis

USDJPY remains in uptrend from 100.08. Another rise to test 104.31 resistance would likely be seen. Support is at 102.50, only break below this level could bring price back to 100.50 zone.

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AUDUSD Daily Analysis - October 12, 2016 Forex Analysis

AUDUSD continued its downward movement from 0.7710 and the fall extended to as low as 0.7532. Resistance is now at 0.7628, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7400 area. On the upside, a break of 0.7628 resistance will indicate that the downtrend had completed at 0.7532 already, then the following upward movement could bring price to 0.8000 area.

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