Wednesday 23 November 2016

USDJPY Daily Analysis - November 24, 2016 Forex Analysis

USDJPY's upward movement from 101.18 extended to as high as 112.97. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support is at 110.00, as long as this level holds, the uptrend will continue.

usdjpy chart


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AUDUSD Daily Analysis - November 24, 2016 Forex Analysis

AUDUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 0.7778. As long as the channel resistance holds, the downtrend will be expected to continue, and next target would be at 0.7200 area. Key resistance is now at 0.7444, only break above this level could signal completion of the downtrend.

audusd chart


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GBPUSD Daily Analysis - November 24, 2016 Forex Analysis

GBPUSD is now in uptrend from 1.2302. Further rise to test 1.2673 resistance would likely be seen in a couple of days, a break of this level will confirm that the longer term uptrend from 1.1946 (Oct 7 low) has resumed, then next target would be at 1.2800 zone.

gbpusd chart


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EURUSD Daily Analysis - November 24, 2016 Forex Analysis

EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. Key resistance is at 1.0657, only break above this level could signal completion of the downtrend.

eurusd chart


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