USDCAD Daily Analysis – June 30, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2800 area. On the … Continue reading "USDCAD Daily Analysis – June 30, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 30, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 30, 2017 Forex Analysis

USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the uptrend and another rise towards 115.00 could be expected after the consolidation. On the downside, a clear break … Continue reading "USDJPY Daily Analysis – June 30, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 30, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 30, 2017 Forex Analysis

AUDUSD continued its bullish movement from 0.7535 and the rise extended to as high as 0.7712. Near term support is now at 0.7645, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.7750 area. Only a breakdown below 0.7645 support could signal completion of the … Continue reading "AUDUSD Daily Analysis – June 30, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 30, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 30, 2017 Forex Analysis

GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2910, as long as this level holds, the uptrend will continue. Key support is located at the rising … Continue reading "GBPUSD Daily Analysis – June 30, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 30, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 30, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1118 extended to as high as 1.1445, facing the important resistance level of 1.1450. If the price breaks and settles above this level, it would trigger a long term bullish movement towards 1.2700. Near term support is at 1.1340, followed by 1.1290, only break below these levels could bring price back … Continue reading "EURUSD Daily Analysis – June 30, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 30, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 29, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.3012. Near term resistance is at 1.3080, as long as the pair is below this level, the bearish movement could be expected to continue and further decline to test the import support level at 1.2968 (Jan 31 low) is possible after a minor consolidation.

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 29, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 29, 2017 Forex Analysis

USDJPY remains in uptrend from 108.81. Further rise could be expected in a couple of days and next target would be at 113.50 area. Near term support is at 111.80, only a breakdown below this level will indicate that lengthier consolidation for the uptrend is needed, then the following pullback could bring price back into … Continue reading "USDJPY Daily Analysis – June 29, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 29, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 29, 2017 Forex Analysis

AUDUSD broke above 0.7635 resistance, indicating that the uptrend from 0.7371 has resumed. Further rise could be expected after a minor consolidation and next target would be at 0.7700. Near term support is at 0.7575, as long as this level holds, the uptrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 29, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 29, 2017 Forex Analysis

GBPUSD rose strongly to as high as 1.2972. Near term support is now at 1.2870, as long as this level holds, the uptrend could be expected to continue and further rise to test 1.3047 resistance is possible in the coming days. The key support is located at the rising trend line on its 4-hour chart, … Continue reading "GBPUSD Daily Analysis – June 29, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 29, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 29, 2017 Forex Analysis

EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1390. Support is now at 1.1290, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.1450 area. Only a breakdown below 1.1290 support could signal completion of the uptrend.

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 29, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 28, 2017 Forex Analysis

After consolidation, USDCAD broke below 1.3164 support and continued its bearish movement from 1.3793 (May 5 high), and the fall extended to as low as 1.3147. Further decline could be expected during the coming days and next target would be at around 1.3050. Near term resistance is at 1.3260 and the key resistance is at … Continue reading "USDCAD Daily Analysis – June 28, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 28, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 28, 2017 Forex Analysis

USDJPY’s bullish movement extended to as high as 112.46. Near term support is at 111.50, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would be at 113.50 area. Key support is at 110.95, only a breakdown below this level could signal completion of the uptrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 28, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 28, 2017 Forex Analysis

AUDUSD continued its sideways movement in a trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 key support, the sideways move could be treated as consolidation of the uptrend 0.7371, and another rise to 0.7700 area is still possible after the consolidation. On the downside, a breakdown below 0.7519 support … Continue reading "AUDUSD Daily Analysis – June 28, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 28, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 28, 2017 Forex Analysis

GBPUSD moved above 1.2817 resistance, indicating that the downtrend from 1.3047 had completed at 1.2589 already. Further rally would likely be seen and next target would be at 1.2950 area. Near term support is at the ascending trend line on its 4-hour chart, as long as the trend line support holds, the uptrend from 1.2589 … Continue reading "GBPUSD Daily Analysis – June 28, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 28, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 28, 2017 Forex Analysis

After consolidation, EURUSD broke above 1.1295 resistance and continued its bullish movement from 1.0569 (Apr 10 low), and the rise extended to as high as 1.1349. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Support is now at 1.1265, as long as this level holds, the … Continue reading "EURUSD Daily Analysis – June 28, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 28, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 27, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3164 and 1.3347. The price action in the range is likely consolidation of the downtrend from 1.3793 (May 5 high). Another fall could be expected after the consolidation and next target would be at 1.3050 area. Key resistance is at 1.3400, only break above this level could … Continue reading "USDCAD Daily Analysis – June 27, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 27, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 27, 2017 Forex Analysis

After consolidation, USDJPY broke above 111.78 resistance and continued its upward movement from 108.81. Further rise could be expected in a couple of days, and next target would be at 113.00 area. Near term support is now at 110.95, only a breakdown below this level could bring price back into 109.70 zone.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 27, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 27, 2017 Forex Analysis

AUDUSD failed to break below 0.7519 support and stays in the trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 support, the price action in the trading range could be treated as consolidation of the uptrend from 0.7371, and further rise to 0.7700 area is still possible. Only a breakdown … Continue reading "AUDUSD Daily Analysis – June 27, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 27, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 27, 2017 Forex Analysis

GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3047, and another fall towards 1.2450 … Continue reading "GBPUSD Daily Analysis – June 27, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 27, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 27, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1109 and 1.1295. The key support is at 1.1109, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further rise towards 1.1450 is still possible after the consolidation. On the downside, … Continue reading "EURUSD Daily Analysis – June 27, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 27, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 26, 2017 Forex Analysis

USDCAD is in consolidation of the downtrend from 1.3793. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. Resistance is at 1.3400, as long as the pair is below this level, the downtrend could be expected to resume, and further decline to 1.3050 area is still possible after the … Continue reading "USDCAD Daily Analysis – June 26, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 26, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 26, 2017 Forex Analysis

USDJPY continued its sideways movement in a trading range between 110.64 and 111.78. Support level is at 110.64, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would be at 113.00 area. However, a breakdown below 110.64 support will signal completion of the uptrend, then the … Continue reading "USDJPY Daily Analysis – June 26, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 26, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 26, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7371, the fall from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume, and further rise to 0.7700 area is still possible. On the downside, a breakdown below 0.7519 support will indicate that the … Continue reading "AUDUSD Daily Analysis – June 26, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 26, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 26, 2017 Forex Analysis

GBPUSD stays in a falling price channel on its 4-hour chart and remains in downtrend from 1.3047. As long as the pair is in the channel, the bounce from 1.2589 could be treated as consolidation of the downtrend, and another fall to 1.2450 area could be expected after the consolidation. Key resistance is at 1.2817, … Continue reading "GBPUSD Daily Analysis – June 26, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 26, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 26, 2017 Forex Analysis

EURUSD failed to break below 1.1109 support and stays in the trading range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the price action in the trading range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 could be expected after … Continue reading "EURUSD Daily Analysis – June 26, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 26, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 23, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3793, the rise from 1.3164 could be treated as consolidation of the downtrend. Resistance is at 1.3400, as long as this level holds, the downtrend could be expected to resume and further decline to 1.3050 area is still possible after the consolidation.

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 23, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 23, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 110.64 and 111.78. As long as 110.64 support holds, the fall from 111.78 could be treated as consolidation of the uptrend from 108.81 and further rise to 113.00 area could be expected after the consolidation. However, a breakdown below 110.64 support will suggest that the upward movement … Continue reading "USDJPY Daily Analysis – June 23, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 23, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 23, 2017 Forex Analysis

AUDUSD’s fall from 0.7635 extended to as low as 0.7535 and is now facing 0.7519 support. If this level gives way, the pair will find the next support level at around 0.7450. Near term resistance is at 0.7600, only break above this level could trigger another rise towards 0.7700.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 23, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 23, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the rise from 1.2589 is likely consolidation of the downtrend. Near term resistance is at the falling trend line on its 4-hour chart. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.2450 area. Key … Continue reading "GBPUSD Daily Analysis – June 23, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 23, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 23, 2017 Forex Analysis

EURUSD moved sideways in the bottom of the trading range between 1.1109 and 1.1295. A clear break below 1.1109 support will indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the pair will find the next support level at around 1.0800. On the upside, as long as 1.1109 support … Continue reading "EURUSD Daily Analysis – June 23, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 23, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 22, 2017 Forex Analysis

USDCAD broke above 1.3308 resistance, indicating that lengthier consolidation for the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. However, as long as 1.3400 resistance holds, another fall towards 1.3050 is still possible after the consolidation.

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 22, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 22, 2017 Forex Analysis

USDJPY remains in uptrend from 108.81, the pullback from 111.78 is likely consolidation of the uptrend. Key support is at 110.64, as long as this level holds, the uptrend could be expected continue and next target would be at 113.00. On the downside, a breakdown below 110.64 will indicate that the uptrend had completed at … Continue reading "USDJPY Daily Analysis – June 22, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 22, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 22, 2017 Forex Analysis

AUDUSD is facing the key support at 0.7519. A breakdown below this level will confirm that the uptrend from 0.7371 had completed at 0.7635 already, then the pair will find support at around 0.7450 zone. Near term resistance is at 0.7600, only break above this level could trigger another rise towards 0.7700.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 22, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 22, 2017 Forex Analysis

GBPUSD stays below a downward trend line on its 4-hour chart, indicating that the pair remains in the downtrend from 1.3047. As long as the pair is below the trend line, the downtrend could be expected to continue and further decline to 1.2500 area is possible. Key resistance is now at 1.2817, only break above … Continue reading "GBPUSD Daily Analysis – June 22, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 22, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 22, 2017 Forex Analysis

EURUSD is testing 1.1109 support, a breakdown below this level could signal completion of the uptrend from 1.0569 (Apr 10 low), then the following bearish movement could bring price back into 1.0800 zone. However, as long as 1.1109 support holds, the pullback from 1.1295 would possibly be consolidation of the uptrend, and another rise towards … Continue reading "EURUSD Daily Analysis – June 22, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 22, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 21, 2017 Forex Analysis

USDCAD continued its sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.3050 area. The key resistance is at 1.3350, only a break above this level could signal completion … Continue reading "USDCAD Daily Analysis – June 21, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 21, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 21, 2017 Forex Analysis

USDJPY’s rise from 108.81 extended to as high as 111.78. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Key support is at 110.64, only a breakdown below this level could signal completion of the uptrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 21, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 21, 2017 Forex Analysis

AUDUSD remains in the uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume and further rise towards 0.7700 is still possible after the consolidation. Only a breakdown below 0.7519 support could signal completion … Continue reading "AUDUSD Daily Analysis – June 21, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 21, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 21, 2017 Forex Analysis

GBPUSD broke below 1.2634 support, indicating that the downtrend from 1.3047 has resumed. Further decline could be expected over the next several days and next target would be at 1.2500 area. Near term resistance is at the bearish trend line on its 4-hour chart, as long as the pair is below the trend line, the … Continue reading "GBPUSD Daily Analysis – June 21, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 21, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 21, 2017 Forex Analysis

EURUSD is facing 1.1109 support once again, a breakdown below this level could take price to the key support level at 1.1070. Below this level will confirm that that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the following downward movement could bring price into 1.0800 zone. On the upside, … Continue reading "EURUSD Daily Analysis – June 21, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 21, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 20, 2017 Forex Analysis

USDCAD stays in the trading range between 1.3164 and 1.3308. As long as 1.3308 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3537 and further fall to 1.3050 area is still possible after the consolidation. The key resistance is at 1.3350, only a break above this … Continue reading "USDCAD Daily Analysis – June 20, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 20, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 20, 2017 Forex Analysis

USDJPY’s bullish movement from 108.81 extended to as high as 111.77. Near term support is at 110.64, as long as this level holds, the bullish movement could be expected to continue and next target would be at 113.00 area. Only a breakdown below 110.64 support could signal completion of the uptrend.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 20, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 20, 2017 Forex Analysis

AUDUSD is forming a sideways movement in a range between 0.7567 and 0.7635. Near term support is at 0.7567, as long as this level holds, the uptrend from 0.7371 could be expected to continue and further rise towards 0.7700 is possible after the consolidation. Key support is at 0.7519, only a break below this level … Continue reading "AUDUSD Daily Analysis – June 20, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 20, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 20, 2017 Forex Analysis

GBPUSD failed to break above 12817 resistance and stays in the trading range between 1.2634 and 1.2817. As long as 1.2817 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2500 area is still possible after the consolidation. Key resistance is … Continue reading "GBPUSD Daily Analysis – June 20, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 20, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 20, 2017 Forex Analysis

EURUSD continued its sideways movement in a range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 is still possible after the consolidation. The key support is at 1.1070, only … Continue reading "EURUSD Daily Analysis – June 20, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 20, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 19, 2017 Forex Analysis

USDCAD is forming sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, a break through this level could take price to test the key resistance level at 1.3350. As long as 1.3350 resistance holds, the rise from 1.3164 could be treated as consolidation of the downtrend from 1.3793, … Continue reading "USDCAD Daily Analysis – June 19, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 19, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 19, 2017 Forex Analysis

USDJPY is now in uptrend from 108.81. the fall from 111.41 could be treated as consolidation of the uptrend. Support is at 109.70, as long as this level holds, the uptrend could be expected to continue and next target would be at 112.00 area. Resistance is at 111.41, a break of this level could signal … Continue reading "USDJPY Daily Analysis – June 19, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 19, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 19, 2017 Forex Analysis

AUDUSD is facing 0.7635 resistance, a break of this level will signal resumption of the uptrend from 0.7371, then the following bullish movement could bring price into 0.7700 zone. Support levels are at 0.7565 and 0.7519, only break below these levels could signal completion of the uptrend.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 19, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 19, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2634 and 1.2817. The key resistance is at 1.2850, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2500 area could be expected after the consolidation. However, a break of 1.2850 resistance will … Continue reading "GBPUSD Daily Analysis – June 19, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 19, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 19, 2017 Forex Analysis

EURUSD failed to break below the 1.1109 key support and stays in the trading range between 1.1109 and 1.1295, indicating that the pair remains in the uptrend from 1.0569 (Apr 10 low), and the sideways movement in the range could be treated as consolidation of the uptrend. As long as 1.1109 support holds, the uptrend … Continue reading "EURUSD Daily Analysis – June 19, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 19, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 16, 2017 Forex Analysis

USDCAD broke above 1.3300 resistance, indicating that consolidation of the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3350 would likely be seen over the next several days. As long as 1.3350 resistance holds, the downtrend could be expected to resume, and another fall towards 1.3050 is still possible after the consolidation.

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 16, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 16, 2017 Forex Analysis

USDJPY broke above the descending trend line on its 4-hour chart, indicating that the bearish movement from 114.36 had completed at 108.81 already. Further rally could be expected over the next several days, and next target would be at 112.00 area. Support is at 109.70, as long as this level holds, the uptrend will continue.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 16, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 16, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as the pair is above this level, the uptrend could be expected to continue, and next target would be at 0.7700. Only a breakdown below 0.7519 support could signal completion of the … Continue reading "AUDUSD Daily Analysis – June 16, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 16, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 16, 2017 Forex Analysis

GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as 1.2850 resistance holds, the downtrend could be expected to resume and another fall towards 1.2500 is possible after … Continue reading "GBPUSD Daily Analysis – June 16, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 16, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 16, 2017 Forex Analysis

EURUSD is forming sideways movement in a trading range between 1.1109 and 1.1295. As long as 1.1109 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 is still possible after the consolidation. The key support is at 1.1070, only a breakdown … Continue reading "EURUSD Daily Analysis – June 16, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 16, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 15, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3537, the bounce from 1.3164 is likely consolidation of the downtrend. Resistance is at 1.3300, as long as this level holds, the downtrend could be expected to continue and next target would be at around 1.3050. On the upside, a break of 1.3300 resistance will suggest that lengthier consolidation for … Continue reading "USDCAD Daily Analysis – June 15, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 15, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 15, 2017 Forex Analysis

USDJPY’s bearish movement from 114.36 extended to as low as 108.81. Near term resistance is at the descending trend line on the 4-hour chart. As long as the pair is below the trend line, the bearish movement could be expected to continue and further decline to test 108.13 (Apr 17 low) support is still possible. … Continue reading "USDJPY Daily Analysis – June 15, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 15, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 15, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7635. Key support is now at 0.7519, as long as this level holds, the bullish movement could be expected to continue and next target would be at 0.7700 area. Only a breakdown below 0.7519 support could signal completion of the uptrend.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 15, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 15, 2017 Forex Analysis

GBPUSD’s bounce from 1.2634 extended to as high as 1.2817. However, the bounce is likely consolidation of the downtrend from 1.3047. As long as the pair is below 1.2850 resistance, the downtrend could be expected resume, and another fall to 1.2500 area is still possible. Only a break of 1.2850 resistance could signal completion of … Continue reading "GBPUSD Daily Analysis – June 15, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 15, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 15, 2017 Forex Analysis

After touching 1.1285 resistance, EURUSD pulled back to 1.1193, suggesting that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline is still possible and the target would be at 1.1130 area. Resistance is now at 1.1295, a break of this level could trigger another rise towards 1.1450.

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 15, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 14, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3537, and the fall extended to as low as 1.3211. Near term resistance is at 1.3300, as long as this level holds, the downtrend could be expected continue and next target would be at 1.3050 area. On the upside, a break of 1.3300 resistance will indicate that consolidation of … Continue reading "USDCAD Daily Analysis – June 14, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 14, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 14, 2017 Forex Analysis

No changed in our view, USDJPY remains in uptrend from 109.11, the fall from 110.81 could be treated as consolidation of the uptrend. Another rise could be expected after the correction and next target would be at around 112.00. Near term resistance is at 110.81, a break of this level could signal resumption of the … Continue reading "USDJPY Daily Analysis – June 14, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 14, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 14, 2017 Forex Analysis

AUDUSD failed to break above 0.7566 resistance and continued its sideways movement on the 4-hour chart. Near term support is at 0.7500, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 0.7371 and further rise towards 0.7650 could be expected after the consolidation. Key support is … Continue reading "AUDUSD Daily Analysis – June 14, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 14, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 14, 2017 Forex Analysis

GBPUSD formed sideways movement in a trading range between 1.2634 and 1.2779 on its 4-hour chart. As long as the pair is below 1.2779 resistance, the price action in the range could be treated as consolidation of the downtrend from 1.3047, and another fall towards 1.2500 could be expected after the consolidation. On the upside, … Continue reading "GBPUSD Daily Analysis – June 14, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 14, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 14, 2017 Forex Analysis

EURUSD is facing the resistance of the top trend line of the bearish price channel on its 4-hour chart. As long as the pair is in the channel, the bearish move from 1.1285 could be expected to continue and next target would be at around 1.1130. On the upside, A clear break of the channel … Continue reading "EURUSD Daily Analysis – June 14, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 14, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 13, 2017 Forex Analysis

After consolidation, USDCAD broke below 1.3387 major support and continued its bearish movement from 1.3793. Further decline could be expected over the next several days and next target would be at around 1.3200. Near term resistance is at 1.3360, as long as this level holds, the downtrend will continue.

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 13, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 13, 2017 Forex Analysis

USDJPY remains in uptrend from 109.11, the pullback from 110.81 is likely correction of the uptrend. Another rise to test 110.81 resistance is possible after the correction, a break of this level could bring price to the next resistance level at 111.71. Support is at 109.11, only a breakdown below this level could trigger another … Continue reading "USDJPY Daily Analysis – June 13, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 13, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 13, 2017 Forex Analysis

AUDUSD is facing 0.7566 resistance, a break of this level will signal resumption of the uptrend from 0.7371, this could trigger another rise towards 0.7650. Near term support is at 0.7500, and the key support is at 0.7470, as long as these levels holds, the uptrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 13, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 13, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the rise from 1.2634 could be treated as consolidation of the downtrend. Further decline could be expected after a minor consolidation and next target would be at around 1.2500. Resistance is at 1.2850, only a break of this level could signal completion of the downtrend.

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 13, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 13, 2017 Forex Analysis

EURUSD stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the short term downtrend from 1.1285. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at around 1.1130. Near term resistance is at 1.1232, a break … Continue reading "EURUSD Daily Analysis – June 13, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 13, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 12, 2017 Forex Analysis

USDCAD failed to break above 1.3540 resistance and stays in the trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3793, another fall towards 1.3200 is still possible after the consolidation. Only a clear break above 1.3540 … Continue reading "USDCAD Daily Analysis – June 12, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 12, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 12, 2017 Forex Analysis

USDJPY continued its short term upward movement from 109.11 and the rise extended to as high as 110.81. Further rise could be expected and next target would be at around 111.30. Support levels are at 109.75 and 109.11, only break below these levels could trigger another fall towards 108.13 (Apr 17 low).

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 12, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 12, 2017 Forex Analysis

AUDUSD is in consolidation of the uptrend from 0.7371. Range trading between 0.7450 and 0.7566 would likely be seen over the next several days. Key support is at 0.7450, as long as this levels holds, the uptrend could be expected to resume, and further rise towards 0.7650 is still possible after the consolidation.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 12, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 12, 2017 Forex Analysis

GBPUSD is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at 1.2600 area. Near term resistance is at 1.2850, as long as this level holds, the downtrend will continue.

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 12, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 12, 2017 Forex Analysis

EURUSD’s fall from 1.1285 extended to as low as 1.1166. Deeper decline is still possible and next target would be at around 1.1130. However, as long as 1.1109 support holds, the fall would possibly be consolidation of the uptrend from 1.0569 (Apr 10 low), another rise towards 1.1450 could be expected after the consolidation. Resistance … Continue reading "EURUSD Daily Analysis – June 12, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 12, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 9, 2017 Forex Analysis

USDCAD is facing 1.3540 resistance. As long as this level holds, the price action from 1.3387 could be treated as consolidation of the downtrend from 1.3793 and another fall towards 1.3200 could be expected after the consolidation. On the upside, a clear break above 1.3540 resistance will indicate that the downtrend had completed at 1.3387 … Continue reading "USDCAD Daily Analysis – June 9, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 9, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 9, 2017 Forex Analysis

USDJPY’s rise from 109.11 extended to as high as 110.38. Further rally is still possible and next target would be at around 111.00. Support is at 109.11, only a breakdown below this level could trigger another fall towards 108.13 (Apr 17 low).

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 9, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 9, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is at 0.7500, as long as this level holds, the uptrend could be expected to resume, and next target … Continue reading "AUDUSD Daily Analysis – June 9, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 9, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 9, 2017 Forex Analysis

A sharp drop had taken the GBPUSD pair to 1.2700 area, indicting that the pair is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at around 1.2600. Near term resistance is at 1.2850, as long as this level holds, the downtrend will continue.

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 9, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 9, 2017 Forex Analysis

EURUSD broke below 1.1200 support, indicating that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline could be expected in a couple of days, and the target would be at around 1.1130. Resistance is at 1.1285, only a break of this level could trigger another rise towards 1.1450.

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 9, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 8, 2017 Forex Analysis

USDCAD failed to break below 1.3387 support and stays in the trading range between 1.3387 and 1.3540. The pair is now facing 1.3540 resistance, a clear break of this level will indicate that the downtrend from 1.3793 had completed at 1.3387 already. This could trigger another bullish movement towards 1.3800. On the downside, as long … Continue reading "USDCAD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 8, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 8, 2017 Forex Analysis

USDJPY broke above 109.90 resistance, suggesting that the short term downtrend from 111.71 had completed at 109.11 already. Further rally would likely be seen in a couple of days and next target would be at 111.00, a break through this level will confirm that the whole downtrend from 114.36 is complete, then the following bullish … Continue reading "USDJPY Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 8, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 8, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7566. Further rise is still possible after consolidation and next target would be at 0.7650 area. Near term support is at 0.7500, as long as this level holds, the uptrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 8, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 8, 2017 Forex Analysis

GBPUSD broke above the resistance of the rising trend line on its 4-hour chart, suggesting that the pair is in short term uptrend from 1.2769. Further rise towards 1.3047 previous high would likely be seen in a couple of days. Near term support is at 1.2870, only a breakdown below this level will indicate that … Continue reading "GBPUSD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 8, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 8, 2017 Forex Analysis

EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a break of 1.1285 resistance could trigger another bullish movement towards 1.1450. On the downside, a breakdown below 1.1200 … Continue reading "EURUSD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 8, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 7, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3793, and further decline towards 1.3200 is possible after the consolidation. On the upside, a clear break of 1.3540 resistance will indicate that … Continue reading "USDCAD Daily Analysis – June 7, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 7, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 7, 2017 Forex Analysis

USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of this level will indicate that the short term downtrend from 111.71 is complete, then the following upward movement … Continue reading "USDJPY Daily Analysis – June 7, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 7, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 7, 2017 Forex Analysis

AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal completion of the uptrend from 0.7371.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 7, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 7, 2017 Forex Analysis

GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart, another fall is possible after the correction and next target would be at around 1.2600. Near term support … Continue reading "GBPUSD Daily Analysis – June 7, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 7, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 7, 2017 Forex Analysis

EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take price back to the next support level at around 1.1130.

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 7, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 6, 2017 Forex Analysis

USDCAD broke below the ascending trend line on its 4-hour chart, indicating that the rise from 1.3387 is complete. Deeper decline to test 1.3387 support would likely be seen and a breakdown below this level will confirm that the downtrend from 1.3793 has resumed, then the following downward movement could bring price into 1.3200 zone. … Continue reading "USDCAD Daily Analysis – June 6, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 6, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 6, 2017 Forex Analysis

USDJPY is facing 110.23 support. A breakdown below this level will indicate that the downtrend from 114.36 has resumed, then further decline to 109.60 area could be seen. Resistance level are at 111.30 and 112.13, only break above these levels could trigger another rise towards 115.00.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 6, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 6, 2017 Forex Analysis

AUDUSD broke above the resistance of the descending trend line on the 4-hour chart, indicating that the downward movement from 0.7517 had completed at 0.7371 already. Further rise to test 0.7517 resistance could be seen after a minor consolidation, a break through this level could take price to the next resistance level at 0.7550. Support … Continue reading "AUDUSD Daily Analysis – June 6, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 6, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 6, 2017 Forex Analysis

No changed in our view, GBPUSD remains in downtrend from 1.3047, the rise from 1.2769 could be treated as correction of the downtrend. Resistance is at the rising trend line on the 4-hour chart now at around 1.2940. As long as the pair is below the trend line, the downtrend could be expected to resume, … Continue reading "GBPUSD Daily Analysis – June 6, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 6, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 6, 2017 Forex Analysis

EURUSD broke above 1.1267 resistance and is now in uptrend from 1.1109. Further rise could be expected over the next several days and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level will indicate that lengthier consolidation for the longer term uptrend from 1.0569 (Apr … Continue reading "EURUSD Daily Analysis – June 6, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 6, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 5, 2017 Forex Analysis

After touching 1.3540 resistance, USDCAD pullback to 1.3480, indicating that the pair remains in downtrend from 1.3793 and the bounce from 1.3387 could be treated as consolidation of the downtrend. As long as 1.3540 resistance holds, the downtrend could be expected to continue and further decline towards 1.3200 is still possible after the consolidation. Only … Continue reading "USDCAD Daily Analysis – June 5, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 5, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 5, 2017 Forex Analysis

USDJPY is testing 110.23 support. A breakdown below this level will signal resumption of the downtrend from 114.36, then next target would be at around 109.60. Resistance is at 112.13, only a break of this level could trigger another rise towards 115.00.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 5, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 5, 2017 Forex Analysis

AUDUSD is facing the resistance of the bearish trend line on the 4-hour chart. A clear break of the trend line resistance will indicating that the downside movement from 0.7517 had completed at 0.7371 already, then the following bullish movement could bring price to the next resistance level at 0.7517. On the downside, as long … Continue reading "AUDUSD Daily Analysis – June 5, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 5, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 5, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the bounce from 1.2769 could be treated as consolidation of the downtrend. Near term resistance is at the ascending trend line on the 4-hour chart now at around 1.2935. As long as the trend line resistance holds, the downtrend could be expected to resume, and further decline towards 1.2700 … Continue reading "GBPUSD Daily Analysis – June 5, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 5, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 5, 2017 Forex Analysis

EURUSD broke above 1.1267 resistance, indicating that the uptrend from 1.0569 (Apr 10 low) has resumed. Further rise could be expected over the next several days and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could bring price back to the next support level … Continue reading "EURUSD Daily Analysis – June 5, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 5, 2017 . Thanks for your support.

USDCAD Daily Analysis – June 2, 2017 Forex Analysis

USDCAD is facing 1.3540 resistance. A break of this level will indicate that the bearish movement from 1.3793 had completed at 1.3387 already, then the following bullish movement could bring price towards 1.3800. On the downside, as long as the pair is below 1.3540 resistance, the bounce from 1.3387 could be treated as consolidation of … Continue reading "USDCAD Daily Analysis – June 2, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 2, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 2, 2017 Forex Analysis

USDJPY breaks above 111.50 resistance, suggesting that the short term downtrend from 112.13 is complete. Further rally to test 112.13 resistance could be expected and a break through this level could take price to the next resistance level at around 113.70.

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 2, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 2, 2017 Forex Analysis

AUDUSD broke below 0.7416 support and continued its short term bearish movement from 0.7517. Further decline to test 0.7328 support is possible in a couple days, a break through this level could take price to next support level at around 0.7250. Resistance is located at the falling trend line on the 4-hour chart, only a … Continue reading "AUDUSD Daily Analysis – June 2, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 2, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 2, 2017 Forex Analysis

GBPUSD is facing the resistance of the ascending trend line at around 1.2930 on its 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 another decline towards 1.2700 is still possible after the consolidation. Only a clear … Continue reading "GBPUSD Daily Analysis – June 2, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 2, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 2, 2017 Forex Analysis

EURUSD is facing 1.1267 resistance, a break of this level will confirm that the uptrend from 1.0569 (Apr 10 low) has resumed, then the following bullish movement could bring price into 1.1450 zone. Near term support is at 1.1190, only a breakdown below this level will indicate that lengthier consolidation for the uptrend is needed, … Continue reading "EURUSD Daily Analysis – June 2, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 2, 2017 . Thanks for your support.