USDCAD Daily Analysis - February 1, 2017 Forex Analysis

USDCAD broke below 1.3018 support, indicating that the downtrend from 1.3598 has resumed. Further decline could be expected over th next several days, and next target would be at 1.2800 area. Near term resistance is at 1.3168, only break above this level could bring price back to 1.3300 zone.

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USDJPY Daily Analysis - February 1, 2017 Forex Analysis

USDJPY broke below 112.52 support, indicating that the downtrend from 118.66 (Dec 15, 2016 high) has resumed. Further decline could be expected over the next several days, and next target would be at 110.00 area. Near term resistance is at 113.50, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then another rise to test 115.62 resistance could be seen.

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GBPUSD Daily Analysis - February 1, 2017 Forex Analysis

GBPUSD is facing 1.2600 resistance, a break of this level will signal resumption of the uptrend from 1.1986, then further rise to 1.2800 area could be seen. Support is now at 1.2412, a breakdown below this level will confirm that the uptrend had completed at 1.2673 already, then the following downward movement could bring price to 1.2100 zone.

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EURUSD Daily Analysis - February 1, 2017 Forex Analysis

After consolidation, EURUSD continued its upward movement from 1.0340 and the rise extended to as high as 1.0812. Further rise could be expected and next target would be at 1.0900 area. Key support is now at 1.0620, only break below this level could signal completion of the uptrend.

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USDCAD Daily Analysis - January 31, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3387, the rise from 1.3053 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2900 area. Resistance is at 1.3230, only break above this level could signal completion of the downtrend.

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USDJPY Daily Analysis - January 31, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 112.52 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.60, and further decline to 110.00 area is still possible. On the upside, a break of 115.62 resistance will indicate that the downtrend had completed at 112.52 already, the the following upward movement could bring price to 118.00 zone.

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AUDUSD Daily Analysis - January 31, 2017 Forex Analysis

No changed in our view, AUDUSD remains in uptrend from 0.7159. As long as 0.7493 support holds, the fall from 0.7608 could be treated as consolidation of the uptrend. Further rise would likely be seen after consolidation and next target would be at 0.7700 area. Only break below 0.7493 support will indicate that the uptrend had completed at 0.7608 already, then the following downward movement could bring price back to 0.7350 area.

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GBPUSD Daily Analysis - January 31, 2017 Forex Analysis

GBPUSD broke bellow the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.1986 had completed at 1.2673 already. Deeper decline would likely be seen in a couple of days, and next target would be at 1.2200 area. Near term resistance is at 1.2600, only break above this level could trigger another rise towards 1.2800.

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EURUSD Daily Analysis - January 31, 2017 Forex Analysis

EURUSD broke below the upward trend line on 4-hour chart. However as long as 1.0588 support holds, the fall from 1.0774 would possibly be consolidation of the uptrend from 1.0340, and further rise to 1.0900 area is still possible after consolidation. On the downside, a break below 1.0588 support will indicate that the uptrend had completed at 1.0774 already, then the following downward movement could bring price back to test 1.0340 support.

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USDCAD Daily Analysis - January 30, 2017 Forex Analysis

Being contained by 1.3018 support, USDCAD rebounded from 1.3053. However, the bounce is likely consolidation of the downtrend from 1.3387, further decline to 1.2900 area is still possible after consolidation. Resistance is at 1.3230, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis - January 30, 2017 Forex Analysis

GBPUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.1986. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.2800 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.2673 already, then the following downward movement could bring price back to test 1.1986 support.

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EURUSD Daily Analysis - January 30, 2017 Forex Analysis

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0900 area. Key support is at 1.0588, only break below this level could signal completion of the uptrend.

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USDCAD Daily Analysis - January 27, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3387. Further decline would likely be seen after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3230, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - January 27, 2017 Forex Analysis

No changed in our view, USDJPY remains in downtrend from 118.60, as long as 115.62 resistance holds, the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen and next target would be at 110.00 area. Only break above 115.62 resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 27, 2017 Forex Analysis

AUDUSD moved sideways in a trading range between 0.7493 and 0.7608. As long as 0.7493 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7159, and further rise to 0.7700 area is still possible. On the downside, a breakdown below 0.7493 support will indicate that the uptrend had completed at 0.7608 already, then deeper decline to 0.7350 area could be seen.

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GBPUSD Daily Analysis - January 27, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.1986, the fall from 1.2673 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.2800 area. Only a clear break below the channel support will indicate that the upward movement had completed at 1.2673 already, then the following downward movement could bring price back to test 1.1986 support.

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EURUSD Daily Analysis - January 27, 2017 Forex Analysis

EURUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.0774 could be treated as consolidation of the uptrend from 1.0340, and further rise to 1.0900 area is still possible after consolidation. Key support is at 1.0588, only break below this level will indicate that the uptrend had completed at 1.0774 already, then the following downward movement could bring price back to test 1.0340 support.

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USDCAD Daily Analysis - January 26, 2017 Forex Analysis

USDCAD broke below 1.3240 support, indicating that the pair is back in downtrend. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3230, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis - January 26, 2017 Forex Analysis

USDJPY remains in downtrend from 118.60, the price action from 112.56 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. Key resistance is at 115.62, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 26, 2017 Forex Analysis

AUDUSD's upward movement from 0.7159 extended to as high as 0.7608. Further rise could be expected after a minor consolidation, and next target would be at 0.7700 area. Support is now at 0.7493, only break below this level will indicate that the uptrend had completed at 0.7608 already, then the following downward movement could bring price back to 0.7350 area.

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GBPUSD Daily Analysis - January 26, 2017 Forex Analysis

GBPUSD continued its upward movement from 1.1986 and the rise extended to as high as 1.2647. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2800 area. Key support is at 1.2418, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - January 26, 2017 Forex Analysis

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.0850 area. Only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 23, 2017 Forex Analysis

USDCAD remains in uptrend from 1.3018, the fall from 1.3387 is likely consolidation of the uptrend. Range trading between 1.3240 and 1.3387 is possible in a couple of days. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3500 area.

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USDJPY Daily Analysis - January 23, 2017 Forex Analysis

After touching that downward trend line on 4-hour chart, USDJPY pulled back to 113.65, indicating that the pair remains in downtrend from 118.60. Further decline is still possible in a couple of days, and next target would be at 110.00 area. Key resistance is at 115.62, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 23, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159, and the rise extended to as high as 0.7588. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 23, 2017 Forex Analysis

GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2180 and 1.2415 would likely be seen in a couple of days. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.2650 area is possible.

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EURUSD Daily Analysis - January 23, 2017 Forex Analysis

EURUSD broke above 1.0719 resistance and continued its upward movement from 1.0340. Further rise could be expected and next target would be at 1.0800 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 20, 2017 Forex Analysis

USDCAD remains in uptrend from 1.3018, the fall from 1.3353 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.3500 area. Support is at 1.3150, only break below this level could trigger another fall towards 1.2800.

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USDJPY Daily Analysis - January 20, 2017 Forex Analysis

USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 118.60 had completed at 112.56 already. Further rise could be expected and next target would be at 117.50 area. Near term support is at 113.70, only break below this level could trigger another fall towards 110.00.

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AUDUSD Daily Analysis - January 20, 2017 Forex Analysis

AUDUSD failed to break below the upward trend line on 4-hour chart, and continued its upward movement from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 20, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.1986, the fall from 1.2415 could be treated as consolidation of the uptrend. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.2650 area is possible.

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EURUSD Daily Analysis - January 20, 2017 Forex Analysis

EURUSD stays above the upward trend line on 4-hour chart and remains in uptrend from 1.0340. As long as the trend line support holds, the fall from 1.0719 could be treated as consolidation of the uptrend. Further rise is still possible after consolidation and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 19, 2017 Forex Analysis

USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.3598 had completed at 1.3018 already. Further rise could be expected over the next several days, and next target would be at 1.3500 area. Support is at 1.3135, only break below this level could trigger another fall towards 1.2800.

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USDJPY Daily Analysis - January 19, 2017 Forex Analysis

USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 112.56 could be treated as consolidation of the downtrend from 118.60, and further decline to 110.00 area is still possible after consolidation. Only a clear break above the trend line resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 19, 2017 Forex Analysis

AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds the fall from 0.7568 could be treated as consolidation of the uptrend from 0.7159, and further rise to 0.7700 area is still possible. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 19, 2017 Forex Analysis

GBPUSD is now in uptrend from 1.1986, the fall from 1.2415 could be treated as correction of the uptrend. Near term support is at 1.2180. As long as this level holds, the uptrend could be expected to resume, and next target would be at 1.2650 area.

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EURUSD Daily Analysis - January 19, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0340, the fall from 1.0719 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 18, 2017 Forex Analysis

USDCAD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3598. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. Key resistance is now at 1.3189, only break above this level could signal completion of the downtrend.

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USDJPY Daily Analysis - January 18, 2017 Forex Analysis

USDJPY's downward movement from 118.60 extended to as low as 112.56. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 111.00 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 18, 2017 Forex Analysis

AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7568. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 18, 2017 Forex Analysis

GBPUSD broke above the top of the price channel on 4-hour chart, indicating that the downward movement from 1.2774 (Dec 6, 2016 high) had completed at 1.1986 already. Further rally could be expected over the next several days, and next target would be at 1.2650 area. Support levels are at 1.2180 and 1.1986, only break below these levels could trigger another fall towards 1.1900.

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EURUSD Daily Analysis - January 18, 2017 Forex Analysis

EURUSD's upward movement from 1.0340 extended to as high as 1.0719. Further rise is still possible after a minor consolidation, and next target would be at 1.0800 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 16, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3598, the rise from 1.3029 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. Key resistance is at 1.3293, only break above this level could signal completion of the downtrend.

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USDJPY Daily Analysis - January 16, 2017 Forex Analysis

USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 118.66. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 112.50 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 16, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159, the fall from 0.7518 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7600 area. Only a clear break below the trend line support could signal completion of the uptrend.

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GBPUSD Daily Analysis - January 16, 2017 Forex Analysis

GBPUSD's downward movement from 1.2774 (Dec 6, 2016 high) extended to as low as 1.1990. Further decline could be expected after a minor consolidation, and next target would be at 1.1900 area. Resistance is located at the top of the price channel on 4-hour chart. Only a clear break above the channel resistance could signal completion of the downtrend.

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EURUSD Daily Analysis - January 16, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0340, the fall from 1.0684 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

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USDCAD Daily Analysis - January 13, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3029. Near term resistance is now at 1.3190, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2900 area. Key resistance is at 1.3293, only break above this level could signal completion of the downtrend.

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USDJPY Daily Analysis - January 13, 2017 Forex Analysis

USDJPY's downward movement from 118.66 extended to as low as 113.75. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 112.50 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis - January 13, 2017 Forex Analysis

AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7600 area. Only a clear break below the trend line support could signal completion of the uptrend.

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