Monday 26 September 2016

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.

usdcad chart


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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.

usdjpy chart


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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.

audusd chart


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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.

gbpusd chart


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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.

eurusd chart


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