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.

For more short term forex analysis and info visit via USDCAD Daily Analysis - October 24, 2016 . Thanks for your support.

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.

For more short term forex analysis and info visit via USDJPY Daily Analysis - October 24, 2016 . Thanks for your support.

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.

For more short term forex analysis and info visit via AUDUSD Daily Analysis - October 24, 2016 . Thanks for your support.

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.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - October 24, 2016 . Thanks for your support.

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.

For more short term forex analysis and info visit via EURUSD Daily Analysis - October 24, 2016 . Thanks for your support.