Sunday 18 September 2016

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.

usdcad chart


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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.

usdjpy chart


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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.

audusd chart


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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.

gbpusd chart


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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.

eurusd chart


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