USDCAD Daily Analysis – August 1, 2017 Forex Analysis

USDCAD moved sideways in a narrow range between 1.2413 and 1.2575. As long as the price is below the bearish trend line on its 4-hour chart, the sideways movement could be treated as consolidation of the downtrend from 1.3347 and further decline to 1.2200 area is still possible. The key resistance is at 1.2575, only … Continue reading "USDCAD Daily Analysis – August 1, 2017"

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USDJPY Daily Analysis – August 1, 2017 Forex Analysis

USDJPY’s bearish movement from 112.19 extended to as low as 110.21. Further decline is still possible and next target would be at 109.00 area. Near term resistance is at 110.90, only break above this level could bring price back into 111.60 zone.

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AUDUSD Daily Analysis – August 1, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7571, the fall from 0.8065 is likely consolidation of the uptrend. Range trading between 0.7875 and 0.8065 would likely be seen in a couple of days. As long as 0.7875 support holds, the uptrend could be expected to resume and further rise to 0.8150 area is still possible. Only a … Continue reading "AUDUSD Daily Analysis – August 1, 2017"

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GBPUSD Daily Analysis – August 1, 2017 Forex Analysis

GBPUSD stays above a bullish trend line on the 4-hour chart and remains in uptrend from 1.2932, and the rise extended to as high as 1.3224. Further rise could be expected after a minor consolidation and next target would be at 1.3300 area. Only a clear break below the trend line support could bring price … Continue reading "GBPUSD Daily Analysis – August 1, 2017"

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EURUSD Daily Analysis – August 1, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1312 extended to as high as 1.1845. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.2000. On the downside, a … Continue reading "EURUSD Daily Analysis – August 1, 2017"

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USDCAD Daily Analysis – July 31, 2017 Forex Analysis

USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.3347. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.2200 area. Only a clear break above the trend line resistance could signal completion of … Continue reading "USDCAD Daily Analysis – July 31, 2017"

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USDJPY Daily Analysis – July 31, 2017 Forex Analysis

USDJPY broke below 110.62 support and continued its bearish movement from 114.49. Further decline could be expected and next target would be at 109.00 area. Key resistance is now at 112.19, only break above this level could trigger another rise towards 115.50.

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AUDUSD Daily Analysis – July 31, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7571 extended to as high as 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8150 area. Only a breakdown below 0.7875 support could signal completion of the uptrend.

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GBPUSD Daily Analysis – July 31, 2017 Forex Analysis

GBPUSD is in uptrend from 1.2932, the fall from 1.3158 could be treated as consolidation of the uptrend. Support is at the rising trend trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3300 area. Only a … Continue reading "GBPUSD Daily Analysis – July 31, 2017"

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EURUSD Daily Analysis – July 31, 2017 Forex Analysis

EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.1900 area. Key support is at 1.1613, only a breakdown below this level could signal completion … Continue reading "EURUSD Daily Analysis – July 31, 2017"

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USDCAD Daily Analysis – July 27, 2017 Forex Analysis

USDCAD broke below the important support at 1.2460 (May 2016 low), confirming that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline could be expected after correction and the long term target would be at 1.1500 area. However, correction is needed after breaking below an important support level, and a … Continue reading "USDCAD Daily Analysis – July 27, 2017"

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USDJPY Daily Analysis – July 27, 2017 Forex Analysis

USDJPY failed to break above 112.41 resistance and pulled back to 110.80 area, facing the 110.62 support. As long as 110.62 support holds, the fall could be treated as correction of the uptrend from 110.62 and another rise to test 112.41 resistance is possible. On the downside, a breakdown below 110.62 support will signal resumption … Continue reading "USDJPY Daily Analysis – July 27, 2017"

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AUDUSD Daily Analysis – July 27, 2017 Forex Analysis

After a sideways consolidation, AUDUSD broke above 0.7989 resistance and continued its bullish movement from 0.7571, and the rise extended to as high as 0.8065. Further rise could be expected and next target would be at 0.8150 area. Key support is now at 0.7875, only a breakdown below this level could signal completion of the … Continue reading "AUDUSD Daily Analysis – July 27, 2017"

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GBPUSD Daily Analysis – July 27, 2017 Forex Analysis

After consolidation, GBPUSD continued its upside movement from 1.2589 and reached as high as 1.3156. Further rise is still possible and next target would be at 1.3200 area. Support is now at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.

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EURUSD Daily Analysis – July 27, 2017 Forex Analysis

EURUSD’s bullish movement extended to as high as 1.1776. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.1900 area. Only a clear break below the trend line support could … Continue reading "EURUSD Daily Analysis – July 27, 2017"

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USDCAD Daily Analysis – July 26, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the import support at 1.2460 (May 2016 low) is possible. On the upside, a clear break above the trend line resistance could … Continue reading "USDCAD Daily Analysis – July 26, 2017"

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USDJPY Daily Analysis – July 26, 2017 Forex Analysis

USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected and a break of this level could trigger another rise towards 115.50. Support is at 110.62, only a … Continue reading "USDJPY Daily Analysis – July 26, 2017"

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AUDUSD Daily Analysis – July 26, 2017 Forex Analysis

Under pressure by the top trend line of the price channel on its weekly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571. Another rise towards 0.8150 is … Continue reading "AUDUSD Daily Analysis – July 26, 2017"

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GBPUSD Daily Analysis – July 26, 2017 Forex Analysis

GBPUSD formed a sideways movement in a trading range between 1.2811 and 1.3125. Another fall to test 1.2811 support would likely be seen in a couple of days. As long as this support level holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589 and further rise to test 1.3200 resistance … Continue reading "GBPUSD Daily Analysis – July 26, 2017"

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EURUSD Daily Analysis – July 26, 2017 Forex Analysis

EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next target would be at 1.1800 area. On the downside, a clear break below the trend line support will … Continue reading "EURUSD Daily Analysis – July 26, 2017"

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USDCAD Daily Analysis – July 25, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance is at 1.2608, only a … Continue reading "USDCAD Daily Analysis – July 25, 2017"

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USDJPY Daily Analysis – July 25, 2017 Forex Analysis

USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.49. As long as the channel resistance holds, the bounce from 110.62 could be treated as consolidation of the downtrend and further decline to 110.00 area is possible after the consolidation. On the upside, a clear break above … Continue reading "USDJPY Daily Analysis – July 25, 2017"

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AUDUSD Daily Analysis – July 25, 2017 Forex Analysis

AUDUSD is in consolidation of the uptrend from 0.7571. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of days. Support is at 0.7830, as long as the pair is above this level, the uptrend could be expected to resume, and another rise towards 0.8150 is still possible after the consolidation. … Continue reading "AUDUSD Daily Analysis – July 25, 2017"

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GBPUSD Daily Analysis – July 25, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2589, the price action from 1.3029 could be treated as consolidation of the uptrend. Deeper decline to test 1.2811 key support would likely be seen in a couple of days. As long as this level holds, another rise towards 1.3200 could be expected after the consolidation.

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EURUSD Daily Analysis – July 25, 2017 Forex Analysis

EURUSD stays above a bullish trend line on the 4-hour chart and remains in uptrend from 1.1312. As long as the price is above the trend line, the fall from 1.1684 could be treated as consolidation of the uptrend, and further rise towards 1.1800 is still possible after the consolidation. On the downside, a clear … Continue reading "EURUSD Daily Analysis – July 25, 2017"

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USDCAD Daily Analysis – July 24, 2017 Forex Analysis

USDCAD extended its bearish movement to 1.2521. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and further decline to test 1.2460 (May 2016 low) support is still possible. Key resistance is at 1.2640, … Continue reading "USDCAD Daily Analysis – July 24, 2017"

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USDJPY Daily Analysis – July 24, 2017 Forex Analysis

USDJPY continued its bearish movement from 114.49 and the fall extended to as low as 110.76. Near term resistance is at the top trend line of the price channel on the 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. … Continue reading "USDJPY Daily Analysis – July 24, 2017"

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AUDUSD Daily Analysis – July 24, 2017 Forex Analysis

AUDUSD broke below the rising trend line on its 4-hour chart, indicating that the bullish movement from 0.7571 had completed at 0.7989 already. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of days. Support is at 0.7830, as long as this level holds, another rise towards 0.8150 is still possible. … Continue reading "AUDUSD Daily Analysis – July 24, 2017"

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GBPUSD Daily Analysis – July 24, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2589, the pullback from 1.3125 could be treated as correction of the uptrend. Deeper decline to wards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend could be expected to resume, … Continue reading "GBPUSD Daily Analysis – July 24, 2017"

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EURUSD Daily Analysis – July 24, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1312 extended to as high as 1.1684. As long as the price is above the rising trend line on its 4-hour chart, the bullish move could be expected to continue and next target would be at 1.1800 area. Key support is at 1.1479, only a breakdown below this level could signal … Continue reading "EURUSD Daily Analysis – July 24, 2017"

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USDCAD Daily Analysis – July 21, 2017 Forex Analysis

USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test 1.2460 (May 2016 … Continue reading "USDCAD Daily Analysis – July 21, 2017"

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USDJPY Daily Analysis – July 21, 2017 Forex Analysis

USDJPY remains in downtrend from 114.49 and the fall extended to as low as 111.47. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downtrend could be expected to continue and next target would be at 111.00 … Continue reading "USDJPY Daily Analysis – July 21, 2017"

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AUDUSD Daily Analysis – July 21, 2017 Forex Analysis

AUDUSD stays above the bullish trend line on its 4-hour chart and remains in the uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend and another rise towards 0.8050 is still possible after the consolidation. Key support is at 0.7897, only … Continue reading "AUDUSD Daily Analysis – July 21, 2017"

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GBPUSD Daily Analysis – July 21, 2017 Forex Analysis

GBPUSD’s fall from 1.3125 extended to as low as 1.2932. Deeper decline is still possible and the target would be at the bottom trend line of the price channel on the 4-hour chart. On the upside, as long as the channel support holds, the price action from 1.3029 could be treated as consolidation of the … Continue reading "GBPUSD Daily Analysis – July 21, 2017"

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EURUSD Daily Analysis – July 21, 2017 Forex Analysis

After consolidation, EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1657. Near term support is at the rising trend line on the 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 1.1800 … Continue reading "EURUSD Daily Analysis – July 21, 2017"

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USDCAD Daily Analysis – July 20, 2017 Forex Analysis

USDCAD is facing an important support level at 1.2460 (May 2016 low). Near term resistance is at 1.2701, a break above this level could take price to the key resistance at 1.2770 a break of this level will indicate that the downtrend from 1.3347 had completed at 1.2578 already, then the correction rebound could bring … Continue reading "USDCAD Daily Analysis – July 20, 2017"

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USDJPY Daily Analysis – July 20, 2017 Forex Analysis

USDJPY is facing the resistance of the descending trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend from 114.49 could be expected to continue and next target would be at 111.00 area. On the upside, a clear break above the trend line support could take price towards the … Continue reading "USDJPY Daily Analysis – July 20, 2017"

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AUDUSD Daily Analysis – July 20, 2017 Forex Analysis

AUDUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend. Further rise is still possible after consolidation and next target would be at 0.8050 area. On the downside, … Continue reading "AUDUSD Daily Analysis – July 20, 2017"

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GBPUSD Daily Analysis – July 20, 2017 Forex Analysis

GBPUSD failed to break above the top resistance trend line of the price channel on the weekly chart, and pulled back from 1.3125. Further decline would likely be seen over the next several days and the target would be at 1.2900 area. However, as long as 1.2811 key support holds, the uptrend from 1.2589 could … Continue reading "GBPUSD Daily Analysis – July 20, 2017"

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EURUSD Daily Analysis – July 20, 2017 Forex Analysis

EURUSD remains in uptrend from 1.1118, the fall from 1.1583 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1700. Key support is located at the ascending trend line on the 4-hour chart, only a clear break below the trend line support could signal … Continue reading "EURUSD Daily Analysis – July 20, 2017"

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USDCAD Daily Analysis – July 19, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2580, facing an important support level at 1.2460 (May 2016 low). The first resistance level is at 1.2701, as long as this level holds, the bearish movement could be expected to continue and further decline towards 1.2460 is still possible. On the upside, a break … Continue reading "USDCAD Daily Analysis – July 19, 2017"

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USDJPY Daily Analysis – July 19, 2017 Forex Analysis

USDJPY continued its bearish movement from 114.49 and extended its fall to 111.68. Further decline is still possible after a minor consolidation and next target would be at 111.00 area. Near term resistance is at the descending trend line on the 4-hour chart and the key resistance is at 112.86, only a break of this … Continue reading "USDJPY Daily Analysis – July 19, 2017"

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AUDUSD Daily Analysis – July 19, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7942. Support is now located at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 0.8000 area. Only a clear break below the … Continue reading "AUDUSD Daily Analysis – July 19, 2017"

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GBPUSD Daily Analysis – July 19, 2017 Forex Analysis

Under pressure by the top resistance trend line of the price channel on the weekly chart, GBPUSD pulled back from 1.3125, indicating that the short term uptrend from 1.2811 is complete. Deeper decline could be expected over the next several days and the target would be at 1.2900 area. The key support is at 1.2811, … Continue reading "GBPUSD Daily Analysis – July 19, 2017"

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EURUSD Daily Analysis – July 19, 2017 Forex Analysis

EURUSD broke above 1.1489 resistance and extended its bullish movement to as high as 1.1583. Near term support is at 1.1500, as long as this level holds, the uptrend from 1.1118 could be expected to continue and next target would be at 1.1700 area. On the downside, a breakdown below 1.1500 support could bring price … Continue reading "EURUSD Daily Analysis – July 19, 2017"

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USDCAD Daily Analysis – July 18, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2627. Resistance is at 1.2770, as long as this level holds, further decline could be expected and next target would be at 1.2500 area. Only a break of 1.2770 resistance could indicate that correction of the downtrend is underway, then … Continue reading "USDCAD Daily Analysis – July 18, 2017"

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USDJPY Daily Analysis – July 18, 2017 Forex Analysis

USDJPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 111.50 area. On the upside, a clear break above the trend line resistance will indicate that the … Continue reading "USDJPY Daily Analysis – July 18, 2017"

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AUDUSD Daily Analysis – July 18, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7571, the fall from 0.7838 is likely consolidation of the uptrend. Near term support is located at the bottom trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the uptrend could be expected to continue and next target would be … Continue reading "AUDUSD Daily Analysis – July 18, 2017"

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GBPUSD Daily Analysis – July 18, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000 support holds, the uptrend could be expected to resume and further rise towards 1.3200 is still possible after … Continue reading "GBPUSD Daily Analysis – July 18, 2017"

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EURUSD Daily Analysis – July 18, 2017 Forex Analysis

EURUSD is facing 1.1489 resistance, a break out of this level will signal resumption of the uptrend from 1.1118, then next target would be at 1.1600 area. Near term support is at 1.1370 and the key support is at 1.1312, only break below these levels could bring price back towards 1.1100.

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USDCAD Daily Analysis – July 17, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2639. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is now at 1.2770, only a break above this level will indicate that consolidation of the downtrend is underway, then the pair will find resistance at … Continue reading "USDCAD Daily Analysis – July 17, 2017"

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USDJPY Daily Analysis – July 17, 2017 Forex Analysis

USDJPY broke below 112.74 key support, indicating that the upside movement from 108.81 had completed at 114.49 already. Deeper decline is possible and next target would be at 111.50 area. Resistance is at 113.10, followed by 113.60, as long as these levels hold, the downtrend from 114.49 will continue.

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AUDUSD Daily Analysis – July 17, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7834. Near term support is at 0.7790, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8000 area. On the downside, a breakdown below 0.7790 support will indicate that consolidation of the bullish movement is … Continue reading "AUDUSD Daily Analysis – July 17, 2017"

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GBPUSD Daily Analysis – July 17, 2017 Forex Analysis

After breaking above the falling trend line on the 4-hour chart, GBPUSD continued to break above 1.3029 resistance, confirming that the uptrend from 1.2589 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Support is now at 1.3000, only a breakdown below this level could … Continue reading "GBPUSD Daily Analysis – July 17, 2017"

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EURUSD Daily Analysis – July 17, 2017 Forex Analysis

EURUSD remains in uptrend from 1.1118, the price action from 1.1445 could be treated as consolidation of the uptrend. As long as 1.1312 key support holds, the uptrend could be expected to continue and further rise towards 1.1600 is possible after the consolidation. Near term resistance is at 1.1489, a break of this level could … Continue reading "EURUSD Daily Analysis – July 17, 2017"

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USDCAD Daily Analysis – July 14, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347, the rise from 1.2680 could be treated as consolidation of the downtrend. Range trading between 1.2680 and 1.2820 would likely be seen in a couple of days. Near term resistance is at 1.2680, as long as this level holds, the downtrend could be expected to resume after the consolidation … Continue reading "USDCAD Daily Analysis – July 14, 2017"

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USDJPY Daily Analysis – July 14, 2017 Forex Analysis

USDJPY failed to break below 112.74 key support and rebounded to 113.57. However, another fall to retest 112.74 support is still possible, a breakdown below this level will indicate that the uptrend from 108.81 had completed at 114.49 already, then the following correction pullback could bring price back into 111.50 zone. On the upside, as … Continue reading "USDJPY Daily Analysis – July 14, 2017"

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AUDUSD Daily Analysis – July 14, 2017 Forex Analysis

AUDUSD broke above 0.7712 resistance, suggesting that the uptrend from 0.7328 (May 9 low) has resumed. Further rise is possible in a couple of days and next target would be at 0.7800 area. Support level is now at 0.7700, only a breakdown below this level could bring price back into 0.7640 zone.

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GBPUSD Daily Analysis – July 14, 2017 Forex Analysis

GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.3029 had completed at 1.2811 already. Further rise to test 1.3029 resistance could be seen and a break of this level could take price into 1.3200 zone. Support levels are at 1.2870 and 1.2811, only break below … Continue reading "GBPUSD Daily Analysis – July 14, 2017"

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EURUSD Daily Analysis – July 14, 2017 Forex Analysis

EURUSD remains in uptrend from 1.1118, the price action from 1.1445 could be treated as consolidation of the uptrend. Key support is at 1.1312, as long as this level holds, the uptrend could be expected to resume and another rise towards 1.1600 is still possible after the consolidation. Resistance is now at 1.1489, a break … Continue reading "EURUSD Daily Analysis – July 14, 2017"

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USDCAD Daily Analysis – July 13, 2017 Forex Analysis

USDCAD continued its bearish movement from 1.3347 and fell sharply to as low as 1.2680. Further decline could be expected after a minor consolidation and next target would be at 1.2550 area. Near term resistance is at 1.2820 and the key resistance is now at 1.2943, only break above these levels could signal completion of … Continue reading "USDCAD Daily Analysis – July 13, 2017"

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USDJPY Daily Analysis – July 13, 2017 Forex Analysis

USDJPY broke below the bottom support trend line of the price channel on its 4-hour chart and is now facing 112.74 key support. A breakdown below this level will confirm that the uptrend from 108.81 had completed at 114.49 already, then the following correction pullback could bring price back into 111.50 zone. On the upside, … Continue reading "USDJPY Daily Analysis – July 13, 2017"

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AUDUSD Daily Analysis – July 13, 2017 Forex Analysis

AUDUSD is now facing 0.7712 resistance, a break of this level will indicate that the uptrend from 0.7328 (May 9 low) has resumed, then next target would be at 0.7800 area. Near term support is at 0.7660, only a breakdown below this level could bring price back into 0.7600 zone.

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GBPUSD Daily Analysis – July 13, 2017 Forex Analysis

GBPUSD continued its downward movement from 1.3029 and the fall extended to as low as 1.2811. The pair is now facing the trend line resistance, as long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2750 area. Only a clear break above the trend … Continue reading "GBPUSD Daily Analysis – July 13, 2017"

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EURUSD Daily Analysis – July 13, 2017 Forex Analysis

After touching 1.1450 key resistance, EURUSD pulled back to 1.1390 area, indicating that lengthier consolidation for the uptrend from 1.1118 is needed. Deeper decline could be expected in a couple of days and the target would be at 1.1350 area. However, as long as 1.1312 support holds, the uptrend from 1.1118 could be expected to … Continue reading "EURUSD Daily Analysis – July 13, 2017"

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USDCAD Daily Analysis – July 12, 2017 Forex Analysis

No changed in our view, USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to … Continue reading "USDCAD Daily Analysis – July 12, 2017"

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USDJPY Daily Analysis – July 12, 2017 Forex Analysis

USDJPY remains in uptrend from 108.81, the fall from 114.49 is likely consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and further rise to test 115.50 key resistance … Continue reading "USDJPY Daily Analysis – July 12, 2017"

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AUDUSD Daily Analysis – July 12, 2017 Forex Analysis

AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a breakdown below this level could trigger another fall towards 0.7500.

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GBPUSD Daily Analysis – July 12, 2017 Forex Analysis

GBPUSD’s fall from 1.3029 extended to as low as 1.2830. Resistance is located at the descending trend line on its 4-hour chart. As long as the pair is below the trend line, the downward movement could be expected to continue and next target would be at 1.2750 area. On the upside, a clear break above … Continue reading "GBPUSD Daily Analysis – July 12, 2017"

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EURUSD Daily Analysis – July 12, 2017 Forex Analysis

After consolidation, EURUSD broke above 1.1450 key resistance and continued its bullish movement from 1.1118. Further rise could be expected over the next several days and next target would be at 1.1600 area. Near term support is at 1.1375 and the key support is now at 1.1312, only break below these levels could signal completion … Continue reading "EURUSD Daily Analysis – July 12, 2017"

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USDCAD Daily Analysis – July 11, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347, the rise from 1.2859 is likely consolidation of the downtrend. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2700 area. Only a break of 1.3014 resistance could signal completion of the downtrend.

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USDJPY Daily Analysis – July 11, 2017 Forex Analysis

USDJPY stays in a bullish price channel on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is in the channel, the uptrend could be expected to continue and further rise to test 115.50 key resistance is still possible. Near term support is located at the bottom trend line of … Continue reading "USDJPY Daily Analysis – July 11, 2017"

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AUDUSD Daily Analysis – July 11, 2017 Forex Analysis

AUDUSD remains in the short term downtrend from 0.7712, the bounce from 0.7571 is likely consolidation of the downtrend. Another fall to test 0.7535 support is still possible after the consolidation. A breakdown below this level will confirm that the uptrend 0.7328 (May 9 low) had completed at 0.7712 already, then the pair will find … Continue reading "AUDUSD Daily Analysis – July 11, 2017"

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GBPUSD Daily Analysis – July 11, 2017 Forex Analysis

GBPUSD stays below a descending trend line on its 4-hour chart and is in downtrend from 1.3029. As long as the price is below the trend line, the downward movement could be expected to continue and next target would be at 1.2750 area. Only a clear break above the trend line resistance will indicate that … Continue reading "GBPUSD Daily Analysis – July 11, 2017"

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EURUSD Daily Analysis – July 11, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1290 and 1.1445. The sideways movement is likely consolidation of the uptrend from 1.1118, another rise to test 1.1450 key resistance is still possible after the consolidation, a break of this level could take price into 1.1600 zone. Key support is at 1.1290, only a … Continue reading "EURUSD Daily Analysis – July 11, 2017"

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USDCAD Daily Analysis – July 10, 2017 Forex Analysis

After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2859. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2700 area. Only a break of 1.3014 resistance could signal completion of the … Continue reading "USDCAD Daily Analysis – July 10, 2017"

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USDJPY Daily Analysis – July 10, 2017 Forex Analysis

USDJPY’s bullish movement from 108.81 extended to as high as 114.19. Near term support is at the bottom trend line on the price channel on its 4-hour chart, and the key support is at 112.74, only a breakdown below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis – July 10, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7328 (May 9 low), the fall from 0.7712 could be treated as consolidation of the uptrend. Key support is at 0.7535, as long as this support holds, the uptrend could be expected to resumed, and another rise towards 0.8000 is still possible. Near term resistance is at 0.7635, a break … Continue reading "AUDUSD Daily Analysis – July 10, 2017"

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GBPUSD Daily Analysis – July 10, 2017 Forex Analysis

GBPUSD broke below 1.2893 support, suggesting that the uptrend from 1.2589 had completed at 1.3029 already. Further decline could be expected and next target would be at 1.2750 area. Near term resistance is at the downward trend line on the 4-hour chart, only a clear break above the trend line resistance could trigger another rise … Continue reading "GBPUSD Daily Analysis – July 10, 2017"

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EURUSD Daily Analysis – July 10, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1290 and 1.1445. As long as the pair is above 1.1290 support, the sideways movement could be treated as consolidation of the uptrend from 1.1118 and further rise towards 1.1600 is still possible after the consolidation. On the downside, a breakdown below 1.1290 support will indicate that … Continue reading "EURUSD Daily Analysis – July 10, 2017"

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USDCAD Daily Analysis – July 5, 2017 Forex Analysis

After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2912. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at … Continue reading "USDCAD Daily Analysis – July 5, 2017"

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USDJPY Daily Analysis – July 5, 2017 Forex Analysis

USDJPY stays above the rising trend line on its 4-hour chart and remains in uptrend from 108.81. 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. Key support is at 111.73, only a breakdown below this level could signal … Continue reading "USDJPY Daily Analysis – July 5, 2017"

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AUDUSD Daily Analysis – July 5, 2017 Forex Analysis

AUDUSD broke below the rising support trend line on the 4-hour chart and is now in downtrend from 0.7712. Deeper decline is possible and next target would be at 0.7555, followed by 0.7535. Near term resistance is at 0.7650, only break above this level could trigger another rise towards 0.8000.

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GBPUSD Daily Analysis – July 5, 2017 Forex Analysis

GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after the consolidation. On the downside, a clear break … Continue reading "GBPUSD Daily Analysis – July 5, 2017"

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EURUSD Daily Analysis – July 5, 2017 Forex Analysis

EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could be expected to resume, and another rise to test 1.1450 key resistance is still possible. On the downside, … Continue reading "EURUSD Daily Analysis – July 5, 2017"

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USDCAD Daily Analysis – July 4, 2017 Forex Analysis

USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the downtrend and further decline to 1.2800 area is still possible after the consolidation. Key resistance is at 1.3070, … Continue reading "USDCAD Daily Analysis – July 4, 2017"

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USDJPY Daily Analysis – July 4, 2017 Forex Analysis

USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 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. Key … Continue reading "USDJPY Daily Analysis – July 4, 2017"

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AUDUSD Daily Analysis – July 4, 2017 Forex Analysis

AUDUSD’s fall from 0.7712 extended to as low as 0.7644. However, the fall is likely consolidation of the uptrend from 0.7535, as long as the pair is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and further rise to 0.7750 area is still possible. Only a clear … Continue reading "AUDUSD Daily Analysis – July 4, 2017"

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GBPUSD Daily Analysis – July 4, 2017 Forex Analysis

GBPUSD’s pullback from 1.3029 extended to as low as 1.2929. As long as 1.2900 support holds, the fall could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after the consolidation. Key support is located at the bullish trend line on its 4-hour chart, only a clear … Continue reading "GBPUSD Daily Analysis – July 4, 2017"

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EURUSD Daily Analysis – July 4, 2017 Forex Analysis

Under pressure by the 1.1450 resistance, EURUSD pulled back to 1.1355, suggesting that consolidation for the uptrend from 1.1118 is underway. Range trading between 1.1350 and 1.1445 would likely be seen in a couple days. As long as the pair is above 1.1350 support, the uptrend could be expected to resume, and further rise towards … Continue reading "EURUSD Daily Analysis – July 4, 2017"

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USDCAD Daily Analysis – July 3, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347 and the fall extended to as low as 1.2946. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 1.2800 area.

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USDJPY Daily Analysis – July 3, 2017 Forex Analysis

USDJPY failed to break below the bottom support trend line of the price channel on its 4-hour chart, and rebounded from 111.73, indicating that the pair remains in uptrend 108.81. As long as the channel support holds, the fall from 112.92 could be treated as consolidation of the uptrend and further rise towards 115.00 is … Continue reading "USDJPY Daily Analysis – July 3, 2017"

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AUDUSD Daily Analysis – July 3, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7535, the pullback from 0.7712 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue and next target would … Continue reading "AUDUSD Daily Analysis – July 3, 2017"

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GBPUSD Daily Analysis – July 3, 2017 Forex Analysis

Under pressure by 1.3047 (May 18 high) resistance, GBPUSD pulled back from 1.3029, suggesting that consolidation for the uptrend from 1.2589 is underway. Range trading between 1.2900 and 1.3029 would likely be seen in a couple of days. The key support is located at the ascending trend line on its 4-hour chart. As long as … Continue reading "GBPUSD Daily Analysis – July 3, 2017"

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EURUSD Daily Analysis – July 3, 2017 Forex Analysis

EURUSD is facing 1.1450 resistance. Range trading between 1.1350 and 1.1445 would likely be seen in a couple of days. Near term support is at 1.1350 and the key support is at 1.1290. As long as these level holds, the uptrend from 1.1118 could be expected to continue and further rise to 1.1600 area is … Continue reading "EURUSD Daily Analysis – July 3, 2017"

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