Tuesday 25 October 2016

USDJPY Daily Analysis - October 26, 2016 Forex Analysis

USDJPY broke above 104.63 resistance, indicating that the uptrend from 100.08 has resumed. Further rise could be expected in a couple of days, and next target would be at 106.00 area. Support is at 103.75, only break below this level could bring price back to test 102.81 support.

usdjpy chart


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AUDUSD Daily Analysis - October 26, 2016 Forex Analysis

AUDUSD broke above 0.7650 resistance, indicating that the downward movement from 0.7734 had completed at 0.7587 already. Further rise could be expected over the next several days, and next target would be at 0.7800 area. Support is now at 0.7650, only break below this level could trigger another fall to 0.7500 zone.

audusd chart


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EURUSD Daily Analysis - October 26, 2016 Forex Analysis

EURUSD is in consolidation of the downtrend from 1.1279. Range trading between 1.0851 and 1.0935 would likely be seen in a couple of days. Near term resistance is at 1.0935, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0700 area is still possible. Key resistance is located at the top of the price channel, only a clear break above the channel resistance will indicate that the downtrend had completed at 1.0851 already, then the following upward movement could bring price to 1.1400 zone.

eurusd chart


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