Tuesday 8 November 2016

USDJPY Daily Analysis - November 9, 2016 Forex Analysis

USDJPY remains in downtrend from 105.53. Further decline could be expected over the next several days, and next target would be at 100.50 area.

usdjpy chart


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AUDUSD Daily Analysis - November 9, 2016 Forex Analysis

AUDUSD's upward movement from 0.7557 had completed at 0.7778 already. Deeper decline could be expected in a couple of days, and next target would be at 0.7550 area.

audusd chart


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GBPUSD Daily Analysis - November 9, 2016 Forex Analysis

GBPUSD is facing 1.2330 support, a breakdown below this level will indicate that the upward movement from 1.1946 had completed at 1.2557 already, then further decline to test 1.1946 previous low support could be seen. However, as long as 1.2330 support holds, the fall from 1.2557 would possibly be consolidation of the uptrend from 1.2082, further rise to 1.2650 area is still possible.

gbpusd chart


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EURUSD Daily Analysis - November 9, 2016 Forex Analysis

EURUSD remains in uptrend from 1.0851. Further rise could be expected over the next several days, and next target would be at 1.1300 area.

eurusd chart


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