Thursday 10 November 2016

USDCAD Daily Analysis - November 11, 2016 Forex Analysis

USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3525. Further rise could be expected over the next several days, and next target would be at 1.3600 area. Key support is now at 1.3264, only break below this level could signal completion of the uptrend.

usdcad chart


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USDJPY Daily Analysis - November 11, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 106.94. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at 104.90, as long as this level holds, the uptrend will continue.

usdjpy chart


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AUDUSD Daily Analysis - November 11, 2016 Forex Analysis

AUDUSD is facing 0.7557 support, a breakdown below this level will confirm that the uptrend from 0.7506 had completed at 0.7778 already, then the following downward movement could bring price to 0.7000 area.

audusd chart


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GBPUSD Daily Analysis - November 11, 2016 Forex Analysis

GBPUSD's upward movement from 1.2082 extended to as high as 1.2584. Further rise is still possible and next target would be at 1.2700 area. Support is at d1.2330, only break below this level could bring price back to test 1.1946 previous low support.

gbpusd chart


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EURUSD Daily Analysis - November 11, 2016 Forex Analysis

EURUSD is facing 1.0851 support, range trading between 1.0864 and 1.1000 would likely be seen before breaking below this level. Resistance is at 1.1000, as long as this level holds, the rise from 1.0864 could be treated as consolidation of the downtrend from 1.1299, and further decline to 1.0600 area is still possible after consolidation. Only break above 1.1000 resistance could signal completion of the downtrend.

eurusd chart


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