USDCAD Daily Analysis – June 1, 2017 Forex Analysis

USDCAD formed a sideways movement in a range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3793 and further decline to 1.3300 area is still possible after the consolidation. On the upside, a break of 1.3540 resistance … Continue reading "USDCAD Daily Analysis – June 1, 2017"

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USDJPY Daily Analysis – June 1, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 110.23 and 112.13. Support is at 110.23, a breakdown below this level could bring price to next support level at around 109.60. Near term resistance is at 111.50, only a break of this level could trigger another rise towards 115.00.

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AUDUSD Daily Analysis – June 1, 2017 Forex Analysis

AUDUSD is facing 0.7416 support, a breakdown below this level could signal resumption of the downtrend from 0.7517, then deeper decline to 0.7350 area could be seen. Resistance is at 0.7475, above this level could take price to next resistance level at 0.7517.

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GBPUSD Daily Analysis – June 1, 2017 Forex Analysis

GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2700 area is still possible. On the upside, a clear … Continue reading "GBPUSD Daily Analysis – June 1, 2017"

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EURUSD Daily Analysis – June 1, 2017 Forex Analysis

EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break of this level could signal resumption of the uptrend from 1.0569 (Apr 10 low), this could trigger another … Continue reading "EURUSD Daily Analysis – June 1, 2017"

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USDCAD Daily Analysis – May 31, 2017 Forex Analysis

USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a couple of days. Resistance is at 1.3540, as long as this level holds, the downtrend from 1.3793 could … Continue reading "USDCAD Daily Analysis – May 31, 2017"

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USDJPY Daily Analysis – May 31, 2017 Forex Analysis

USDJPY broke below 110.86 support, indicating that the short term downtrend from 112.13 has resumed. Deeper decline to test 110.23 support is possible, a breakdown below this level will take price to the next support level of 109.60. Near term resistance is at 111.50, only a break of this level could trigger another rise towards … Continue reading "USDJPY Daily Analysis – May 31, 2017"

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AUDUSD Daily Analysis – May 31, 2017 Forex Analysis

AUDUSD broke above 0.7465 resistance, indicating that the downward movement from 0.7517 had completed at 0.7416 already. Further rally to test 0.7517 resistance could be expected in a couple of days, a break though this level could take price to next resistance level of 0.7560. Support is at 0.7416, only a breakdown below this level … Continue reading "AUDUSD Daily Analysis – May 31, 2017"

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GBPUSD Daily Analysis – May 31, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the rise from 1.2775 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2700 area. Resistance is at the bottom trend line of the price channel on the 4-hour chart now at around 1.2915, as long … Continue reading "GBPUSD Daily Analysis – May 31, 2017"

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EURUSD Daily Analysis – May 31, 2017 Forex Analysis

EURUSD stays in a falling price channel on its 4-hour chart and is now in short term downtrend from 1.1267. As long as the pair is in the channel, the downtrend could be expected to continue and next target would be at around 1.1050. However, the fall from 1.1267 would possibly be consolidation of the … Continue reading "EURUSD Daily Analysis – May 31, 2017"

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USDCAD Daily Analysis – May 30, 2017 Forex Analysis

USDCAD broke out of the resistance trend line of the price channel on 4-hour chart. Further rally to test 1.3540 resistance is possible. As long as the price is below this level, the rise from 1.3387 could be treated as consolidation of the downtrend from 1.3793, another fall towards 1.3300 could be expected after the … Continue reading "USDCAD Daily Analysis – May 30, 2017"

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USDJPY Daily Analysis – May 30, 2017 Forex Analysis

USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and another rise towards 115.00 could be expected after the correction. Near term resistance is at 112.13, a break … Continue reading "USDJPY Daily Analysis – May 30, 2017"

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AUDUSD Daily Analysis – May 30, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7517. Further decline could be expected after a minor consolidation and next target would be at 0.7350 area. Resistance is at 0.7465, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis – May 30, 2017 Forex Analysis

GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to be resistance to the upside, now at around 1.2900. As long as this level holds, the downtrend could … Continue reading "GBPUSD Daily Analysis – May 30, 2017"

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EURUSD Daily Analysis – May 30, 2017 Forex Analysis

EURUSD broke below 1.1161 key support, indicating that the short term bullish movement from 1.0839 had completed at 1.1267 already. Further decline could be expected and next target would be at around 1.1050. However, as long as 1.1050 support holds, the fall from 1.1267 would possibly be consolidation of the longer term uptrend from the … Continue reading "EURUSD Daily Analysis – May 30, 2017"

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USDCAD Daily Analysis – May 29, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and the next target would be … Continue reading "USDCAD Daily Analysis – May 29, 2017"

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USDJPY Daily Analysis – May 29, 2017 Forex Analysis

No changed in our view, USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely correction of the uptrend. Another rise would be expected after the correction and the next target would be at around 113.50. Near term resistance is at 111.70, a break of this level could signal the resumption of the … Continue reading "USDJPY Daily Analysis – May 29, 2017"

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AUDUSD Daily Analysis – May 29, 2017 Forex Analysis

AUDUSD is now in downtrend from 0.7517. Further decline could be expected in a couple of days and the next target would be at around 0.7350. Resistance is at the bottom trend line of the price channel on the 4-hour chart now at around 0.7480, followed by 0.7517, only break above these levels could trigger … Continue reading "AUDUSD Daily Analysis – May 29, 2017"

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GBPUSD Daily Analysis – May 29, 2017 Forex Analysis

GBPUSD broke below 1.2844 key support, indicating that the upside movement from 1.2365 had completed at 1.3047 already. Further decline could be expected after correction and next target would be at around 1.2650. Resistance is at the bottom trend line of the price channel on its 4-hour chart now at around 1.2900, followed by 1.3047, … Continue reading "GBPUSD Daily Analysis – May 29, 2017"

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EURUSD Daily Analysis – May 29, 2017 Forex Analysis

EURUSD is facing the 1.1161 support, a breakdown below this level will indicate that the bullish movement from 1.0839 had completed at 1.1267 already, this could trigger a correction pullback to 1.1050 area. On the upside, as long as 1.1161 support holds, the fall from 1.1267 could be treated as consolidation of the uptrend, and … Continue reading "EURUSD Daily Analysis – May 29, 2017"

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USDCAD Daily Analysis – May 26, 2017 Forex Analysis

USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend and further decline to 1.3300 area could be expected after the consolidation.

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USDJPY Daily Analysis – May 26, 2017 Forex Analysis

USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 113.50 area. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend from 114.36.

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AUDUSD Daily Analysis – May 26, 2017 Forex Analysis

AUDUSD broke below the bottom support trend line of the price channel on 4-hour chart, indicating that the upward movement from 0.7328 had completed at 0.7517 already. Further decline could be expected over the next several days and next target would be at 0.7350 area. Resistance levels are at 0.7480 and 0.7517, only break above … Continue reading "AUDUSD Daily Analysis – May 26, 2017"

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GBPUSD Daily Analysis – May 26, 2017 Forex Analysis

GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at 1.3047 already, then the pair will find support around 1.2700. On the upside, as long as 1.2844 support … Continue reading "GBPUSD Daily Analysis – May 26, 2017"

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EURUSD Daily Analysis – May 26, 2017 Forex Analysis

EURUSD moved sideways in a narrow range between 1.1161 and 1.1267. As long as 1.1161 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0839 and another rise towards 1.1350 could be expected after the consolidation. On the downside, a breakdown below 1.1161 support will indicate that the upward move … Continue reading "EURUSD Daily Analysis – May 26, 2017"

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USDCAD Daily Analysis – May 25, 2017 Forex Analysis

USDCAD broke below the support trend line of the price channel on 4-hour chart and continued its downward movement from 1.3793. Further decline could be expected and next target would be at 1.3300 area. Near term resistance is at 1.3540, followed by the top trend line of the channel, only a clear break above the … Continue reading "USDCAD Daily Analysis – May 25, 2017"

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USDJPY Daily Analysis – May 25, 2017 Forex Analysis

USDJPY is now in uptrend from 110.23. Further rally could be expected over the next several days and next target would be at around 113.50. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend from 114.36.

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AUDUSD Daily Analysis – May 25, 2017 Forex Analysis

AUDUSD failed to break below the bottom support trend line of the price channel on 4-hour chart and rebound from 0.7442, indicating that the pair remains in uptrend from 0.7328. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at around 0.7550. … Continue reading "AUDUSD Daily Analysis – May 25, 2017"

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GBPUSD Daily Analysis – May 25, 2017 Forex Analysis

GBPUSD moves in a bullish price channel on 4-hour, indicating that the pair remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue, and further rise to 1.3100 area is still possible. Near term support is at the bottom of the channel and the … Continue reading "GBPUSD Daily Analysis – May 25, 2017"

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EURUSD Daily Analysis – May 25, 2017 Forex Analysis

EURUSD failed to break below 1.1161 support and moved sideways in a trading range between 1.1161 and 1.1267, indicating that the pair remains in uptrend from 1.0839 and the fall from 1.1267 could be treated as consolidation of the uptrend. As long as the 1.1161 support holds, the uptrend could be expected to continue and … Continue reading "EURUSD Daily Analysis – May 25, 2017"

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USDCAD Daily Analysis – May 24, 2017 Forex Analysis

USDCAD moved in a bearing price channel on 4-hour chart and just bounces off the bottom support trend line. Further rally is possible and the target would be at the top resistance trend line. However, as long as the pair is in the channel, the rise from 1.3456 could be treated as consolidation of the … Continue reading "USDCAD Daily Analysis – May 24, 2017"

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USDJPY Daily Analysis – May 24, 2017 Forex Analysis

USDJPY broke above 111.73 resistance, indicating that the bearish movement from 114.36 had completed at 110.23 already. Further rise could be seen in a couple of days, and next target would be at around 113.50. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend.

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AUDUSD Daily Analysis – May 24, 2017 Forex Analysis

AUDUSD ran in an ascending price channel on 4-hour chart and just bounces off the top resistance line of the channel. Correction pullback could be seen and the target would be at the bottom support line of the channel. However, as long as the channel support holds, the pullback could be treated as consolidation of … Continue reading "AUDUSD Daily Analysis – May 24, 2017"

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GBPUSD Daily Analysis – May 24, 2017 Forex Analysis

GBPUSD pair found resistance at the top of the price channel on 4-hour chart and pulled back into 1.2955 zone. Deeper decline would likely be seen and the target would be at the bottom support line of the channel. However, as long as the pair is in the channel, the pullback could be treated as … Continue reading "GBPUSD Daily Analysis – May 24, 2017"

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EURUSD Daily Analysis – May 24, 2017 Forex Analysis

EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair will find support at around 1.1070, followed by 1.1030. On the upside, as long as 1.1061 support holds, … Continue reading "EURUSD Daily Analysis – May 24, 2017"

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USDCAD Daily Analysis – May 23, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3793 extended to as low as 1.3483. Further decline is still possible after consolidation and next target would be at 1.3400 area. Resistance is at the falling trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

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USDJPY Daily Analysis – May 23, 2017 Forex Analysis

USDJPY moved out of the price channel on 4-hour chart, indicating that the downward movement from 114.36 had completed at 110.23 already. Near term resistance is now at 111.73, a break of this level could trigger a rally towards 113.50. Support is at 110.23, only a breakdown below this level could bring price back to … Continue reading "USDJPY Daily Analysis – May 23, 2017"

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AUDUSD Daily Analysis – May 23, 2017 Forex Analysis

AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair is above the rising trend line on 4-hour chart, the uptrend could be expected to continue, and next … Continue reading "AUDUSD Daily Analysis – May 23, 2017"

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GBPUSD Daily Analysis – May 23, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue and further rise to 1.3100 area is still possible. Near term support is at the bottom of the price channel, and the key support is at 1.2844, only … Continue reading "GBPUSD Daily Analysis – May 23, 2017"

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EURUSD Daily Analysis – May 23, 2017 Forex Analysis

EURUSD’s bullish movement extended to as high as 1.1263. Near term support is at the rising trend line on 4-hour chart. As long as the trend line support holds, the bullish movement could be expected to continue and next target would be at around 1.1350. The key support is now at 1.1161, only a breakdown … Continue reading "EURUSD Daily Analysis – May 23, 2017"

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USDCAD Daily Analysis – May 22, 2017 Forex Analysis

USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend will continue.

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USDJPY Daily Analysis – May 22, 2017 Forex Analysis

USDJPY is facing the resistance of the descending price channel on 4-hour chart, a clear break out of the channel resistance will indicate that the fall from 114.36 had completed at 110.23 already, then the following rally could take price into 113.50 zone. On the downside, as long as the pair is in the channel, … Continue reading "USDJPY Daily Analysis – May 22, 2017"

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AUDUSD Daily Analysis – May 22, 2017 Forex Analysis

AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated as consolidation of the downtrend from the March 21 high of 0.7749, and another fall could be expected … Continue reading "AUDUSD Daily Analysis – May 22, 2017"

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GBPUSD Daily Analysis – May 22, 2017 Forex Analysis

GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from 1.2365 could be expected to continue and next target would be at around 1.3100. The key support is … Continue reading "GBPUSD Daily Analysis – May 22, 2017"

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EURUSD Daily Analysis – May 22, 2017 Forex Analysis

After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the bullish movement could be expected to continue, and next target would be at 1.1300 … Continue reading "EURUSD Daily Analysis – May 22, 2017"

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USDCAD Daily Analysis – May 19, 2017 Forex Analysis

USDCAD’s bearish move extended to as low as 1.3571. Further decline could be expected after a minor consolidation and next target would be at 1.3500 area. Resistance is at 1.3670, only move about this level could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 19, 2017 Forex Analysis

USDJPY’s fall from 114.36 extended to as low as 110.23. Further decline is still possible after a minor consolidation and next target would be at around 109.60. Near term resistance is at the top of the price channel on 4-hour chart, only a clear break above the channel resistance will suggest that the downward movement … Continue reading "USDJPY Daily Analysis – May 19, 2017"

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AUDUSD Daily Analysis – May 19, 2017 Forex Analysis

Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is below the trend line, the rise from 0.7328 could be treated as correction of the downtrend from 0.7610 … Continue reading "AUDUSD Daily Analysis – May 19, 2017"

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GBPUSD Daily Analysis – May 19, 2017 Forex Analysis

GBPUSD’s upward movement from 1.2365 extended to as high as 1.3047. Further rise is still possible and next target would be at 1.3100 area. Near term support is at the bottom of the price channel on 4-hour chart, as long as the pair is in the channel, the upward movement could be expected to continue. … Continue reading "GBPUSD Daily Analysis – May 19, 2017"

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EURUSD Daily Analysis – May 19, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0839, the fall from 1.1172 is likely consolidation of the uptrend. Range trading between 1.1070 and 1.1172 would likely be seen in a couple of days. Near term support is at 1.1070, only a breakdown below this level will indicate that lengthier consolidation for the longer term uptrend from 1.0569 … Continue reading "EURUSD Daily Analysis – May 19, 2017"

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USDCAD Daily Analysis – May 18, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3793. Further decline is still possible over the next several days and next target would be at 1.3500 area. Resistance levels are at 1.3640 and 1.3670, only move above these levels could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 18, 2017 Forex Analysis

USDJPY continued its downward movement and the fall extended to as low as 110.52. Further decline is still possible after a minor consolidation and next target would be at 109.50 area. Resistance is at 111.60, only move above this level will suggest that the downward movement is complete.

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AUDUSD Daily Analysis – May 18, 2017 Forex Analysis

AUDUSD remains in the short term uptrend from 0.7328, the fall from 0.7445 is likely consolidation of the uptrend. Further rise to test the resistance of the descending trend line on 4-hour chart is possible. Support is now at 0.7385, only a breakdown below this level will indicate that the short term uptrend is complete, … Continue reading "AUDUSD Daily Analysis – May 18, 2017"

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GBPUSD Daily Analysis – May 18, 2017 Forex Analysis

GBPUSD is facing the resistance of 1.2988. A break of this level will indicate that the bullish movement from 1.2365 has resumed, then another rise towards 1.3100 could be seen. On the other side, as long as 1.2988 resistance holds, the sideways movement in a range between 1.2831 and 1.2988 could be expected to continue. … Continue reading "GBPUSD Daily Analysis – May 18, 2017"

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EURUSD Daily Analysis – May 18, 2017 Forex Analysis

EURUSD’s bullish movement from 1.0839 extended to as high as 1.1171. Support levels are at 1.1100 and 1.1050, as long as these levels hold, the upward movement could be expected to continue, and next target would be at 1.1250 area.

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USDCAD Daily Analysis – May 17, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3793. Further decline could be expected over the next several days, and next target would be at 1.3500 area. Resistance is at 1.3670, only break above this level could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 17, 2017 Forex Analysis

USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 108.13 had completed at 114.36 already. Further decline could be expected over the next several days and next target would be at 112.00 area. Resistance is at 113.50, as long as this level holds, the downtrend will … Continue reading "USDJPY Daily Analysis – May 17, 2017"

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AUDUSD Daily Analysis – May 17, 2017 Forex Analysis

AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the rising price channel, only a clear break below the channel support could bring price back to test 0.7328 … Continue reading "AUDUSD Daily Analysis – May 17, 2017"

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GBPUSD Daily Analysis – May 17, 2017 Forex Analysis

GBPUSD continued its sideways movement in a range between 1.2831 and 1.2988. The sideways movement is likely consolidation of the uptrend from 1.2365. Further rise could be expected after the consolidation and a break of 1.2988 resistance could signal resumption of the uptrend. Support is at 1.2831, only a breakdown below this level will indicate … Continue reading "GBPUSD Daily Analysis – May 17, 2017"

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EURUSD Daily Analysis – May 17, 2017 Forex Analysis

EURUSD moved above 1.1021 resistance and reached as high as 1.1097. Further rise is still possible in a couple of days and next target would be at 1.1250 area. Near term support is at 1.1000, as long as this level holds, the upward movement from 1.0839 will continue.

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USDCAD Daily Analysis – May 16, 2017 Forex Analysis

USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at 1.3730, only a break of this level could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 16, 2017 Forex Analysis

USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be expected and next target would be at 115.50 area. Key support is now at 113.16, only a breakdown … Continue reading "USDJPY Daily Analysis – May 16, 2017"

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AUDUSD Daily Analysis – May 16, 2017 Forex Analysis

AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line on 4-hour chart. Support level is at 0.7365, only a breakdown below this level could trigger another fall … Continue reading "AUDUSD Daily Analysis – May 16, 2017"

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GBPUSD Daily Analysis – May 16, 2017 Forex Analysis

GBPUSD failed to break below 1.2831 support and moved sideways in a trading range between 1.2831 and 1.2988. As long as 1.2831 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2365, and further rise to 1.3100 area is still possible after the consolidation. On the downside, a breakdown below … Continue reading "GBPUSD Daily Analysis – May 16, 2017"

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EURUSD Daily Analysis – May 16, 2017 Forex Analysis

EURUSD is facing 1.1021 resistance. A break of this level will indicate that the uptrend from 1.0569 has resumed, then next target would be at 1.1100 area. On the downside, as long as 1.1021 resistance holds, the rise from 1.0839 would possibly be correction of the downtrend from 1.1021, another fall towards 1.0700 is still … Continue reading "EURUSD Daily Analysis – May 16, 2017"

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USDCAD Daily Analysis – May 15, 2017 Forex Analysis

USDCAD stays in a trading range between 1.3641 and 1.3793. Another fall to test 1.3641 support would likely be seen and a breakdown below this level will confirm that the upward movement from 1.3223 had completed at 1.3793 already, then next target would be at 1.3550 area. Resistance is at 1.3793, only a break of … Continue reading "USDCAD Daily Analysis – May 15, 2017"

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USDJPY Daily Analysis – May 15, 2017 Forex Analysis

USDJPY is facing the support of the bottom of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 114.36 could be treated as consolidation of the uptrend from 108.13 and further rise to 115.50 area is still possible. On the downside, a clear break below the channel … Continue reading "USDJPY Daily Analysis – May 15, 2017"

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AUDUSD Daily Analysis – May 15, 2017 Forex Analysis

AUDUSD is facing 0.7426 key resistance. As long as this level holds, the rise from 0.7328 could be treated as consolidation of the downtrend from 0.7610 and further decline to 0.7250 area could be expected after the consolidation. On the upside, a break of 0.7426 resistance will indicate that lengthier consolidation for the downtrend is … Continue reading "AUDUSD Daily Analysis – May 15, 2017"

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GBPUSD Daily Analysis – May 15, 2017 Forex Analysis

GBPUSD is facing the support of 1.2831. As long as this level holds, the fall from 1.2988 could be treated as consolidation of the uptrend from 1.2365 and further rise to 1.3100 area is still possible after the consolidation. On the downside, a breakdown below 1.2831 support will indicate that the upward movement from 1.2365 … Continue reading "GBPUSD Daily Analysis – May 15, 2017"

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EURUSD Daily Analysis – May 15, 2017 Forex Analysis

EURUSD broke above 1.0900 resistance and rebounded to 1.0930 area, indicating that the downward movement from 1.1021 had completed at 1.0839 already. However, the bounce would possibly be correction of the downtrend from 1.1021, another fall towards 1.0700 is still possible after the correction. Key resistance is at 1.1021, only break above this level will … Continue reading "EURUSD Daily Analysis – May 15, 2017"

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USDCAD Daily Analysis – May 12, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3641 and 1.3793. Support level is at 1.3641, a breakdown below this level will confirm that the upward movement from 1.3223 had completed at 1.3793 already, then next target would be at 1.3550 area. Resistance is at 1.3793, only a break of this level could trigger another … Continue reading "USDCAD Daily Analysis – May 12, 2017"

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USDJPY Daily Analysis – May 12, 2017 Forex Analysis

USDJPY continued its bullish movement from 108.13 and the rise extended to as high as 114.36. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the fall from 114.36 could be treated as consolidation of the uptrend and another rise towards 115.00 … Continue reading "USDJPY Daily Analysis – May 12, 2017"

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AUDUSD Daily Analysis – May 12, 2017 Forex Analysis

No changed in our view, AUDUSD remains in downtrend from 0.7610, the bounce from 0.7328 could be treated as consolidation of the downtrend. Range trading between 0.7328 and 0.7426 would likely be seen in a couple of days. Resistance is at 0.7426, as long as this level holds, the downtrend could be expected to resume, … Continue reading "AUDUSD Daily Analysis – May 12, 2017"

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GBPUSD Daily Analysis – May 12, 2017 Forex Analysis

GBPUSD is testing that support of the bottom of the ascending price channel on 4-hour chart and it is also facing the key support of 1.2831. A breakdown below 1.2831 key support will indicate that the upward movement from 1.2365 had completed at 1.2988 already, then the following pullback could bring price back to 1.2700 … Continue reading "GBPUSD Daily Analysis – May 12, 2017"

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EURUSD Daily Analysis – May 12, 2017 Forex Analysis

EURUSD continued its downward movement from 1.1021 and the fall extended to as low as 1.0839. Resistance level is at 1.0900, as long as this level holds, the downward movement could be expected to continue and next target would be at 1.0750 area. On the other side, a break of this level will suggest that … Continue reading "EURUSD Daily Analysis – May 12, 2017"

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USDCAD Daily Analysis – May 11, 2017 Forex Analysis

No changed in our view, USDCAD remains in downtrend from 1.3793, the rise from 1.3641 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only a break of this level could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 11, 2017 Forex Analysis

USDJPY’s bullish movement from 108.13 extended to as high as 114.36. Support is now located at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would be at 115.00 area. On the downside, a breakdown below the … Continue reading "USDJPY Daily Analysis – May 11, 2017"

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AUDUSD Daily Analysis – May 11, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7610, the rise from 0.7328 is likely consolidation of the downtrend. Near term resistance is at 0.7416, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7250 area. On the upside, a break of 0.7426 resistance will indicate that lengthier … Continue reading "AUDUSD Daily Analysis – May 11, 2017"

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GBPUSD Daily Analysis – May 11, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365, the fall from 1.2988 is likely consolidation of the uptrend. Near term support is at the bottom of the rising price channel on 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.3100 area. … Continue reading "GBPUSD Daily Analysis – May 11, 2017"

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EURUSD Daily Analysis – May 11, 2017 Forex Analysis

EURUSD’s downward movement from 1.1021 extended to as low as 1.0853. Near term resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750 area. On the upside, a break of 1.0900 resistance will indicate that correction of the downtrend is underway, … Continue reading "EURUSD Daily Analysis – May 11, 2017"

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USDCAD Daily Analysis – May 10, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only a break of this level could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 10, 2017 Forex Analysis

USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom of the channel is possible. However, as long as the pair is above 112.08 key support, the upward … Continue reading "USDJPY Daily Analysis – May 10, 2017"

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AUDUSD Daily Analysis – May 10, 2017 Forex Analysis

AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate that the downward movement had completed at 0.7328 already, then the pair will find resistance at the descending … Continue reading "AUDUSD Daily Analysis – May 10, 2017"

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GBPUSD Daily Analysis – May 10, 2017 Forex Analysis

GBPUSD stays in the rising price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.3100 area. Near term support is at the bottom line of the channel and the key support … Continue reading "GBPUSD Daily Analysis – May 10, 2017"

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EURUSD Daily Analysis – May 10, 2017 Forex Analysis

EURUSD broke below 1.0874 support, suggesting that the upward movement from 1.0569 had completed at 1.1021 already. The pair is now in downtrend. Further decline could be expected and next target would be at 1.0750 area. Near term resistance is at 1.0940, as long as this level holds, the downtrend will continue.

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USDCAD Daily Analysis – May 9, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards 1.3900.

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USDJPY Daily Analysis – May 9, 2017 Forex Analysis

USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to continue, and next target would be at 114.00 area. Key support is at 112.08, only a breakdown below … Continue reading "USDJPY Daily Analysis – May 9, 2017"

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AUDUSD Daily Analysis – May 9, 2017 Forex Analysis

After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected to continue, and next target would be at 0.7300 area. On the upside, a break of 0.7426 resistance … Continue reading "AUDUSD Daily Analysis – May 9, 2017"

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GBPUSD Daily Analysis – May 9, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue, and next target would be at 1.3100 area. Key support is at 1.2831, below this level will indicate that the upward movement had completed at 1.2988 already, then … Continue reading "GBPUSD Daily Analysis – May 9, 2017"

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EURUSD Daily Analysis – May 9, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.1021 would possibly be consolidation of the uptrend. Support is at 1.0874, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.1050 area. On the downside, a breakdown below 1.0874 support will indicate that the upward … Continue reading "EURUSD Daily Analysis – May 9, 2017"

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USDCAD Daily Analysis – May 8, 2017 Forex Analysis

USDCAD broke out of the bottom of the ascending price channel on 4-hour chart, indicating that the bullish movement from 1.3223 had completed at 1.3793 already. Further decline could be expected over the next several days and next target would be at 1.3550 area. Resistance levels are at 1.3730 and 1.3793, only break above these … Continue reading "USDCAD Daily Analysis – May 8, 2017"

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USDJPY Daily Analysis – May 8, 2017 Forex Analysis

USDJPY stays in a rising price channel on 4-hour chart and remains in uptrend from 108.13. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 114.00 area. Key support is now at 112.08, only a breakdown below this level will indicate that … Continue reading "USDJPY Daily Analysis – May 8, 2017"

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AUDUSD Daily Analysis – May 8, 2017 Forex Analysis

AUDUSD is in downtrend from 0.7555, the rise from 0.7367 is likely consolidation of the downtrend. Range trading between 0.7367 and 0.7450 would likely be seen in a couple of days. Resistance is at 0.7450, only a break above this level will indicate that lengthier consolidation for the longer term downtrend from 0.7610 is underway, … Continue reading "AUDUSD Daily Analysis – May 8, 2017"

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GBPUSD Daily Analysis – May 8, 2017 Forex Analysis

GBPUSD stays in the ascending price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.3100 area. Key support is at 1.2831, only a breakdown below this level will indicate that the … Continue reading "GBPUSD Daily Analysis – May 8, 2017"

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EURUSD Daily Analysis – May 8, 2017 Forex Analysis

EURUSD’s bullish movement from 1.0569 extended to as high as 1.1021. Support level is now at 1.0874, as long as this level holds, the bullish movement could be expected to continue and next target would be at 1.1050 area. On the downside, a breakdown below 1.0874 support will indicate that the bullish movement had completed … Continue reading "EURUSD Daily Analysis – May 8, 2017"

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USDCAD Daily Analysis – May 5, 2017 Forex Analysis

USDCAD’s bullish movement from 1.3223 extended to as high as 1.3788. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would be at 1.3900 area. Key support is at 1.3679, only a breakdown below this level could signal completion … Continue reading "USDCAD Daily Analysis – May 5, 2017"

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USDJPY Daily Analysis – May 5, 2017 Forex Analysis

USDJPY remains in uptrend from 108.13, the fall from 113.04 would possibly be consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 114.00 … Continue reading "USDJPY Daily Analysis – May 5, 2017"

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AUDUSD Daily Analysis – May 5, 2017 Forex Analysis

AUDUSD continued its downward movement from 0.7555 and the fall extended to as low as 0.7373. Further decline could be expected after consolidation and next target would be at 0.7300 area. Resistance is at 0.7465, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis – May 5, 2017 Forex Analysis

GBPUSD failed to break below the bottom of the price channel on 4-hour chart and rebounded from 1.2831, indicating that the pair remains in the uptrend from 1.2365. Further rise could be expected and next target would be at 1.3100 area. Key support is now at 1.2831, only a breakdown below this level could signal … Continue reading "GBPUSD Daily Analysis – May 5, 2017"

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EURUSD Daily Analysis – May 5, 2017 Forex Analysis

After consolidation, EURUSD broke out of 1.0950 resistance and continued its bullish movement from 1.0569. Near term support is at 1.0900, as long as this level holds, the bullish move could be expected to continue, and next target would be at 1.1000 area. Key support is at 1.0820, only a breakdown below this level could … Continue reading "EURUSD Daily Analysis – May 5, 2017"

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USDCAD Daily Analysis – May 4, 2017 Forex Analysis

USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3757 could be treated as consolidation of the uptrend, and further rise to 1.3800 area is still possible after the consolidation. Key support is now at 1.3630, … Continue reading "USDCAD Daily Analysis – May 4, 2017"

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USDJPY Daily Analysis – May 4, 2017 Forex Analysis

USDJPY’s bullish movement from 108.13 extended to as high as 112.89. As long as the pair is in the ascending price channel on 4-hour chart, the bullish move could be expected to continue, and next target would be at 114.00 area. Key support is now at 111.75, only break below this level could signal completion … Continue reading "USDJPY Daily Analysis – May 4, 2017"

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AUDUSD Daily Analysis – May 4, 2017 Forex Analysis

AUDUSD’s downward movement from 0.7610 extended to as low as 0.7414. Further decline is still possible and next target would be at 0.7300 area. Near term resistance is at 0.7465 and the key resistance is located at the descending trend line on 4-hour chart, only a clear break above the trend line resistance could signal … Continue reading "AUDUSD Daily Analysis – May 4, 2017"

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GBPUSD Daily Analysis – May 4, 2017 Forex Analysis

GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the fall from 1.2965 would … Continue reading "GBPUSD Daily Analysis – May 4, 2017"

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EURUSD Daily Analysis – May 4, 2017 Forex Analysis

EURUSD failed to break out of 1.0950 resistance and continued its sideways movement in a trading range between 1.0820 and 1.0950. As long as the 1.0820 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569, and another rise towards 1.1000 could be expected after the consolidation. On the downside, … Continue reading "EURUSD Daily Analysis – May 4, 2017"

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USDCAD Daily Analysis – May 3, 2017 Forex Analysis

USDCAD’s upward movement from 1.3223 extended to as high as 1.3757. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would be at 1.3800 area. Key support is at 1.3530, only a breakdown below this level could signal completion … Continue reading "USDCAD Daily Analysis – May 3, 2017"

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USDJPY Daily Analysis – May 3, 2017 Forex Analysis

USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Near term support is at the bottom of the channel. As long as the channel support holds, the upward movement could be expected to continue, and next target would be at 113.00 area. Key support is at 110.87, only … Continue reading "USDJPY Daily Analysis – May 3, 2017"

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AUDUSD Daily Analysis – May 3, 2017 Forex Analysis

AUDUSD is in short term uptrend from 0.7439. Further rise could be expected after a minor consolidation and the target would be at the top of the price channel on 4-hour chart. Support is at 0.7510, only break below this level will indicate that the short term uptrend is complete, then another fall towards 0.7300 … Continue reading "AUDUSD Daily Analysis – May 3, 2017"

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GBPUSD Daily Analysis – May 3, 2017 Forex Analysis

GBPUSD remains in short term uptrend from 1.2756. Support is now at 1.2864, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3100 area. On the downside, a breakdown below 1.2864 support will indicate that the short term uptrend had completed at 1.2965 already, then … Continue reading "GBPUSD Daily Analysis – May 3, 2017"

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EURUSD Daily Analysis – May 3, 2017 Forex Analysis

EURUSD is facing 1.0950 resistance again. A break of this level will indicate that the upward movement from 1.0569 has resumed, then next target would be at 1.1000 area. Support levels are at 1.0870 and 1.0820, only a break below 1.0820 support will indicate that the upward movement had completed at 1.0950 already, then the … Continue reading "EURUSD Daily Analysis – May 3, 2017"

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USDCAD Daily Analysis – May 2, 2017 Forex Analysis

USDCAD remains in uptrend from 1.3223, the fall from 1.3696 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue, and next target would be at 1.3800 area. Key … Continue reading "USDCAD Daily Analysis – May 2, 2017"

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USDJPY Daily Analysis – May 2, 2017 Forex Analysis

USDJPY’s upward movement from 108.13 extended to as high as 111.97. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would be at 113.00 area. Key support is now at 110.87, only a breakdown below this level could signal … Continue reading "USDJPY Daily Analysis – May 2, 2017"

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AUDUSD Daily Analysis – May 2, 2017 Forex Analysis

AUDUSD moved above 0.7540 resistance, indicating that the downward movement from 0.7610 had completed at 0.7439 already. Further rise could be expected in a couple of days and next target would be at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 0.7473 would … Continue reading "AUDUSD Daily Analysis – May 2, 2017"

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GBPUSD Daily Analysis – May 2, 2017 Forex Analysis

GBPUSD is testing that support of the ascending price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.2756 could be expected to continue and further rise to 1.3100 area is possible. However, a clear break below the channel support could signal completion of the uptrend, then the following downward … Continue reading "GBPUSD Daily Analysis – May 2, 2017"

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EURUSD Daily Analysis – May 2, 2017 Forex Analysis

EURUSD is forming a sideways consolidation in a trading range between 1.0820 and 1.0950. As long as the pair is above 1.0820 support, the uptrend from 1.0569 could be expected to resume after the consolidation and next target would be at 1.1000 area. However, a breakdown below 1.0820 support could signal completion of the uptrend, … Continue reading "EURUSD Daily Analysis – May 2, 2017"

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