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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