Thursday 8 September 2016

USDCAD Daily Analysis - September 9, 2016 Forex Analysis

USDCAD remains in downtrend from 1.3147, the rise from 1.2822 could be treated as consolidation of the downtrend. Further decline to test 1.2763 support is still possible after consolidation. Resistance is at 1.2970, only break above this level could signal completion of the downtrend.

usdcad chart


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USDJPY Daily Analysis - September 9, 2016 Forex Analysis

USDJPY is in downtrend from 104.31. The rise from 101.20 is likely consolidation of the downtrend. Further decline is possible after consolidation, and next target would be at 100.00 area. Key support is at 99.52, a breakdown below this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) has resumed, then the following downward movement could bring price to 95.00 zone.

usdjpy chart


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AUDUSD Daily Analysis - September 9, 2016 Forex Analysis

Being contained by 0.7755 resistance, AUDUSD pulled back from 0.7731. However, the fall would possibly be consolidation of the uptrend from 0.7489. Another rise is still possible after consolidation, and next target would be at 0.7800 area. Support is at 0.7600, only break below this level could bring price back to 0.7000 zone.

audusd chart


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GBPUSD Daily Analysis - September 9, 2016 Forex Analysis

GBPUSD stays in a upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.2865. Support is located at the bottom of the channel. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.3700 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to 1.2900 zone.

gbpusd chart


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EURUSD Daily Analysis - September 9, 2016 Forex Analysis

EURUSD remains in uptrend from 1.1123, the fall from 1.1326 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1400 area. Support is at 1.1225, only break below this level will indicate that the uptrend had completed at 1.1326 already, then the following downward movement could bring price back to 1.1000 zone.

eurusd chart


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GBPUSD Daily Analysis - September 8, 2016 Forex Analysis

Being contained by 1.3480 (Jul 15 high) resistance, GBPUSD pulled back from 1.3445. However, the fall would possibly be consolidation of the uptrend from 1.2865, another rise to test 1.3480 resistance is still possible after consolidation. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

gbpusd chart


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EURUSD Daily Analysis - September 8, 2016 Forex Analysis

EURUSD's upward movement from 1.1123 extended to as high as 1.1299. Further rise could be expected in a couple of days and next target would be at 1.1350 area. Support is at 1.1225, only break below this level could bring price back to 1.1000 zone.

eurusd chart


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