USDCAD Daily Analysis – September 1, 2017 Forex Analysis

USDCAD stays in a trading range between 1.2413 and 1.2778. The key resistance is at 1.2778, as long as this level holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3793 (May 5 high), and further decline to 1.2300 area is still possible. Only break above 1.2778 … Continue reading "USDCAD Daily Analysis – September 1, 2017"

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USDJPY Daily Analysis – September 1, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high), and another fall to retest 108.13 (Apr 17 low) support is still possible after the consolidation. On the upside, a breakout of … Continue reading "USDJPY Daily Analysis – September 1, 2017"

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AUDUSD Daily Analysis – September 1, 2017 Forex Analysis

AUDUSD failed to break below 0.7866 support and moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7807 and further rise to test 0.8065 resistance is still possible after the consolidation. On the downside, a breakdown … Continue reading "AUDUSD Daily Analysis – September 1, 2017"

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GBPUSD Daily Analysis – September 1, 2017 Forex Analysis

GBPUSD’s fall from 1.2978 extended to as low as 1.2852, the subsequent bounce is likely resumption of the uptrend from 1.2774. Further rise to test 1.3030 resistance is possible in the coming days. Support levels are at 1.2852 and 1.2774, only break below these levels could trigger another fall towards 1.2600.

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EURUSD Daily Analysis – September 1, 2017 Forex Analysis

After touching the bullish trend line on the 4-hour chart, EURUSD rebounded from 1.1823, indicating that the pair remains in the uptrend from 1.1662. Further rally would likely be seen and next target would be at 1.2000 area. Key support is now at 1.1823, only a breakdown below this level trigger another fall to test … Continue reading "EURUSD Daily Analysis – September 1, 2017"

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USDCAD Daily Analysis – August 29, 2017 Forex Analysis

USDCAD extended its short term downtrend from 1.2778 to as low as 1.2444, facing the previous low support at 1.2413. A breakdown below this level could signal resumption of the downtrend from 1.3793 (May 5 high), then next target would be at 1.2300, followed by 1.2050. Near term resistance is at the top trend line … Continue reading "USDCAD Daily Analysis – August 29, 2017"

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USDJPY Daily Analysis – August 29, 2017 Forex Analysis

After consolidation, USDJPY continued its downside movement from 114.49 and the fall extended to as low as 108.33. Further decline to test 108.13 (Apr 17 low) key support is still possible, a breakdown below this level could take price to 106.50 – 105.00 area. Resistance is at 109.84, only break above this level could trigger … Continue reading "USDJPY Daily Analysis – August 29, 2017"

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AUDUSD Daily Analysis – August 29, 2017 Forex Analysis

AUDUSD broke above 0.7962 resistance, indicating that the uptrend from 0.7807 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.8030 area. Support is at 0.7866, only a breakdown below this level could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 29, 2017 Forex Analysis

GBPUSD is now in uptrend from 1.2774. Further rise is still possible and next target would be at 1.3000 area. Near term support is at 1.2870, only a breakdown below this level will indicate that correction for the uptrend is underway, then deeper decline to 1.2830 area could be seen.

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EURUSD Daily Analysis – August 29, 2017 Forex Analysis

EURUSD remains in the uptrend from 1.1662. Further rise could be expected in a couple of days and next target would be at 1.2165 area. Near term support is at 1.1900, as long as this level holds, the uptrend will continue. Key support is at the bullish trend line on the 4-hour chart, only a … Continue reading "EURUSD Daily Analysis – August 29, 2017"

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USDCAD Daily Analysis – August 28, 2017 Forex Analysis

USDCAD stays in a bearish price channel on its 4-hour chart and remains in the short term downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue and further decline to test 1.2413 support could be expected. Near term resistance is at the top trend line … Continue reading "USDCAD Daily Analysis – August 28, 2017"

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USDJPY Daily Analysis – August 28, 2017 Forex Analysis

USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is at 109.84, above this level could take price to 110.60 area.

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AUDUSD Daily Analysis – August 28, 2017 Forex Analysis

AUDUSD is facing 0.7962 resistance once again. A break above this level will signal resumption of the uptrend from 0.7807, then next target would be at 0.8030 area. Support levels are at 0.7866 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 28, 2017 Forex Analysis

GBPUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 1.3267 had completed at 1.2774 already. Further rise to test next resistance level at 1.3030 could be expected in the coming days. Support levels are at 1.2850 and 1.2774, only break below these levels … Continue reading "GBPUSD Daily Analysis – August 28, 2017"

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EURUSD Daily Analysis – August 28, 2017 Forex Analysis

EURUSD broke above 1.1909 resistance, indicating that the uptrend from 1.0569 (Apr 10 low) has resumed. Further rise could be expected in the coming days, and next target would be at 1.2000 area. Support is now at 1.1840, as long as this level holds, the uptrend from 1.1662 will continue.

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USDCAD Daily Analysis – August 25, 2017 Forex Analysis

USDCAD’s short term downtrend from 1.2778 extended to as low as 1.2505. As long as the price is in the falling price channel on the 4-hour chart, the downtrend could be expected to continue and deeper decline to test 1.2413 support is possible. On the upside, a clear break above the top trend line of … Continue reading "USDCAD Daily Analysis – August 25, 2017"

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USDJPY Daily Analysis – August 25, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 108.60 and 109.82, and is now facing 109.82 resistance. A break of this level could bring price to 110.60 area. Support is at 108.60, below this level could trigger another fall to test 108.13 (Apr 17 low) support.

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AUDUSD Daily Analysis – August 25, 2017 Forex Analysis

No changed in our view, AUDUSD remains in the uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. Another rise to test 0.7962 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support is at 0.7807, only … Continue reading "AUDUSD Daily Analysis – August 25, 2017"

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GBPUSD Daily Analysis – August 25, 2017 Forex Analysis

GBPUSD stays in a bearish price channel on its 4-hour chart and remains in the downtrend from 1.3267. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.2750 area. On the upside, a clear break above the channel resistance could bring … Continue reading "GBPUSD Daily Analysis – August 25, 2017"

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EURUSD Daily Analysis – August 25, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1662 and 1.1909. The sideways movement is likely consolidation of the uptrend from 1.0569 (Apr 10 low). As long as 1.1662 support holds, the uptrend could be expected to resume and further rise towards 1.2000 is possible. On the downside, a breakdown below 1.1662 support will indicate … Continue reading "EURUSD Daily Analysis – August 25, 2017"

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USDCAD Daily Analysis – August 24, 2017 Forex Analysis

USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue and next target would be at 1.2450 area. Only a clear break above the channel resistance could signal … Continue reading "USDCAD Daily Analysis – August 24, 2017"

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USDJPY Daily Analysis – August 24, 2017 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is at 109.82, above this level could take price to 110.60 area.

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AUDUSD Daily Analysis – August 24, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support levels are at 0.7870 and … Continue reading "AUDUSD Daily Analysis – August 24, 2017"

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GBPUSD Daily Analysis – August 24, 2017 Forex Analysis

GBPUSD moved below 1.2811 support and extended its downside movement to as low as 1.2779. Near term resistance is located at the top trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the downtrend from 1.3267 could be expected continue and next target would be … Continue reading "GBPUSD Daily Analysis – August 24, 2017"

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EURUSD Daily Analysis – August 24, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1662 and 1.1909. As long as 1.1662 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further rise towards 1.2000 could be expected after the consolidation. On the downside, a breakdown below 1.1662 support will … Continue reading "EURUSD Daily Analysis – August 24, 2017"

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USDCAD Daily Analysis – August 23, 2017 Forex Analysis

USDCAD remains in the short term downtrend 1.2778. Further decline to test 1.2413 support is still possible in the coming days. Near term resistance is at the top trend line of the price channel on its 4-hour chart, only a clear break above the channel resistance could bring price back to test 1.2778 resistance.

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USDJPY Daily Analysis – August 23, 2017 Forex Analysis

USDJPY broke above 109.59 resistance, indicating that the short term downtrend from 110.94 is complete. Further rally could be expected in a couple of days and next target would be at 110.60 area. On the downside, as long as 110.94 resistance holds, the price action from 108.73 would possibly be consolidation of the downtrend from … Continue reading "USDJPY Daily Analysis – August 23, 2017"

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AUDUSD Daily Analysis – August 23, 2017 Forex Analysis

AUDUSD failed to break above 0.7962 resistance and pulled back to 0.7880 area. However, the fall would possibly be correction of the uptrend from 0.7807 and another rise towards 0.8065 could be expected after the correction. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 23, 2017 Forex Analysis

GBPUSD extended its downside movement from 1.3267 after failing in its attempt to break above 1.2915 resistance. Further decline is still possible and next target would be at 1.2750 area. Only break above 1.2915 resistance could signal completion of the downtrend.

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EURUSD Daily Analysis – August 23, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1662 and 1.1909. The sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and deeper decline towards the bottom support trend line of the price channel on its daily chart to complete the consolidation is possible. Resistance is at 1.1909, only … Continue reading "EURUSD Daily Analysis – August 23, 2017"

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USDCAD Daily Analysis – August 22, 2017 Forex Analysis

USDCAD stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 1.2460 area. On the upside, a clear break above the trend line resistance could … Continue reading "USDCAD Daily Analysis – August 22, 2017"

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USDJPY Daily Analysis – August 22, 2017 Forex Analysis

USDJPY is in downtrend from 110.94, the bounce from 108.60 could be treated as consolidation of the downtrend. Resistance is at 109.59, as long as this level holds, the downtrend could be expected to continue and further decline to test 108.13 (Apr 17 low) support is possible. Only break above 109.59 resistance could bring price … Continue reading "USDJPY Daily Analysis – August 22, 2017"

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AUDUSD Daily Analysis – August 22, 2017 Forex Analysis

AUDUSD is facing 0.7962 resistance. A break above this level could signal resumption of the uptrend from 0.7807, then further rise to test 0.8065 resistance could be seen. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 22, 2017 Forex Analysis

GBPUSD broke above the top trend line of the price channel on its 4-hour chart and is now facing 1.2915 resistance. A break of this level will indicate that the downside movement from 1.3267 had completed at 1.2831 already, then next target would be at 1.3000 area. On the downside, as long as 1.2915 resistance … Continue reading "GBPUSD Daily Analysis – August 22, 2017"

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EURUSD Daily Analysis – August 22, 2017 Forex Analysis

EURUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.1909 had completed at 1.1662 already. Further rise to test 1.1909 resistance is possible, a break out of this level could signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target … Continue reading "EURUSD Daily Analysis – August 22, 2017"

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USDCAD Daily Analysis – August 21, 2017 Forex Analysis

USDCAD is now in short term downtrend from 1.2778. Deeper decline to test 1.2413 support is possible in the coming days. A breakdown below this level will indicate that the downtrend from 1.3793 (May 5 high) has resumed, then next target would be at 1.2300 area. Resistance levels are at 1.2690 and 1.2778, only break … Continue reading "USDCAD Daily Analysis – August 21, 2017"

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USDJPY Daily Analysis – August 21, 2017 Forex Analysis

USDJPY broke below 108.73 support, indicating that the downtrend from 114.49 has resumed. Further decline to test 108.13 (Apr 17 low) support is possible in a couple of days. Key resistance is at 110.94, only break above this level could trigger another rise towards 115.50.

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AUDUSD Daily Analysis – August 21, 2017 Forex Analysis

AUDUSD is now in uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. A break of 0.7962 resistance will signal resumption of the uptrend, then next target would be at 0.8050 area. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 21, 2017 Forex Analysis

GBPUSD extended its downside movement to as low as 1.2831, facing the support at 1.2811. Near term resistance is at the top trend line of the price channel on its 4-hour chart, followed by 1.2915. As long as the channel resistance holds, the downside movement from 1.3267 could be expected to continue and next target … Continue reading "GBPUSD Daily Analysis – August 21, 2017"

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EURUSD Daily Analysis – August 21, 2017 Forex Analysis

EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1909. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at the bottom support trend line of the price channel on its daily chart. On … Continue reading "EURUSD Daily Analysis – August 21, 2017"

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USDCAD Daily Analysis – August 18, 2017 Forex Analysis

USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413. Resistance levels are at 1.2690 and 1.2778, only break above these levels could trigger another rise towards 1.2900.

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USDJPY Daily Analysis – August 18, 2017 Forex Analysis

No changed in our view, USDJPY remains in the uptrend from 108.73, the pullback from 110.94 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 112.00 area. Key support is at 108.73, only a breakdown below this level could signal resumption of the downtrend … Continue reading "USDJPY Daily Analysis – August 18, 2017"

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AUDUSD Daily Analysis – August 18, 2017 Forex Analysis

AUDUSD is now in the uptrend from 0.7807, the pullback from 0.7962 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.8050 area. Key support is at 0.7807, only break below this level could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 18, 2017 Forex Analysis

GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next target would be … Continue reading "GBPUSD Daily Analysis – August 18, 2017"

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EURUSD Daily Analysis – August 18, 2017 Forex Analysis

EURUSD extended its downside movement to as low as 1.1662. Deeper decline towards the bottom support trend line of the price channel on its daily chart is still possible. Near term resistance is at the falling trend line on the 4-hour chart, as long as the trend line resistance holds, the downside move will continue. … Continue reading "EURUSD Daily Analysis – August 18, 2017"

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USDCAD Daily Analysis – August 17, 2017 Forex Analysis

USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already. Further decline to test 1.2413 previous low support is possible in the coming days. Resistance levels are at 1.2690 and 1.2778, only break above these levels could trigger another rise towards 1.2900.

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USDJPY Daily Analysis – August 17, 2017 Forex Analysis

USDJPY is in uptrend from 108.73, the fall from 110.94 could be treated as correction of the uptrend. Near term support is at 109.50, as long as this level holds, the uptrend could be expected to resume, and further rise to 112.00 area is still possible. Key support is at 108.73, only a breakdown below … Continue reading "USDJPY Daily Analysis – August 17, 2017"

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AUDUSD Daily Analysis – August 17, 2017 Forex Analysis

AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already. Further rally could be expected after a correction pullback and next target would be at 0.8000 area. Support levels are at 0.7875 and 0.7807, only break below these … Continue reading "AUDUSD Daily Analysis – August 17, 2017"

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GBPUSD Daily Analysis – August 17, 2017 Forex Analysis

GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750 area. On the upside, the pair is facing the bullish support trend line on the daily chart. As … Continue reading "GBPUSD Daily Analysis – August 17, 2017"

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EURUSD Daily Analysis – August 17, 2017 Forex Analysis

EURUSD rebounded strongly to 1.1790 area after touching the key support at 1.1689. However, another fall to test this support level is still possible, a breakdown below this level will trigger another fall towards the bottom support trend line of the price channel on its daily chart, now at around 1.1560. Resistance is at 1.1909, … Continue reading "EURUSD Daily Analysis – August 17, 2017"

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USDCAD Daily Analysis – August 16, 2017 Forex Analysis

After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778. Key support is at 1.2650, as long as the price is above this level, the upside movement could be expected to continue and next target would be at 1.2850 area. On the downside, a breakdown below 1.2650 support … Continue reading "USDCAD Daily Analysis – August 16, 2017"

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USDJPY Daily Analysis – August 16, 2017 Forex Analysis

USDJPY broke above the bearish trend line on the 4-hour chart and is now in uptrend from 108.73. Further rise could be expected after a correction pullback and next target would be at 112.00 area. Near term support is at 110.25, below this level will indicate that correction for the uptrend is underway, then the … Continue reading "USDJPY Daily Analysis – August 16, 2017"

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AUDUSD Daily Analysis – August 16, 2017 Forex Analysis

AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at around 0.7700. Near term resistance is at the top trend line of the price channel on the 4-hour … Continue reading "AUDUSD Daily Analysis – August 16, 2017"

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GBPUSD Daily Analysis – August 16, 2017 Forex Analysis

GBPUSD extended its bearish movement from 1.3267 to as low as 1.2845, facing the bullish support trend line on the daily chart. A clear break below the trend line support could take price to next support level at around 1.2600. Resistance levels are at 1.2930 and 1.3030, as long as these levels hold, the downtrend … Continue reading "GBPUSD Daily Analysis – August 16, 2017"

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EURUSD Daily Analysis – August 16, 2017 Forex Analysis

EURUSD is facing 1.1689 support. A breakdown below this level will trigger another fall towards the bottom support trend line of the price channel on its daily chart, now at around 1.1560. On the other side, as long as 1.1689 support holds, the sideways consolidation in a trading range between 1.1689 and 1.1909 could be … Continue reading "EURUSD Daily Analysis – August 16, 2017"

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USDCAD Daily Analysis – August 15, 2017 Forex Analysis

USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance. A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside, a breakdown below 1.2650 level will indicate that the uptrend had completed at 1.2752 already, then the following … Continue reading "USDCAD Daily Analysis – August 15, 2017"

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USDJPY Daily Analysis – August 15, 2017 Forex Analysis

USDJPY moved above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 114.49 had completed at 108.73 already. Further rally would likely be seen after a correction pullback and next target would be at 111.00 area. Support levels are at 109.40 and 108.73, only break below these levels could trigger … Continue reading "USDJPY Daily Analysis – August 15, 2017"

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AUDUSD Daily Analysis – August 15, 2017 Forex Analysis

AUDUSD formed a sideways consolidation in a range between 0.7838 and 0.7918. As long as 0.7918 resistance holds, the downside movement from 0.8065 could be expected to continue and next target would be at the bullish trend line on its daily chart, now at around 0.7790. On the upside, a break above 0.7918 resistance will … Continue reading "AUDUSD Daily Analysis – August 15, 2017"

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GBPUSD Daily Analysis – August 15, 2017 Forex Analysis

GBPUSD moved sideways in a narrow range between 1.2939 and 1.3030. As long as 1.3030 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3267, and further decline towards the bullish support trend line on the daily chart is possible after the consolidation. On the upside, a break of 1.3030 … Continue reading "GBPUSD Daily Analysis – August 15, 2017"

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EURUSD Daily Analysis – August 15, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1689 and 1.1909. Support is at 1.1689, a breakdown below this level could bring price to the bottom support trend line of the price channel on its daily chart. Resistance is at 1.1909, only a break out of this level will indicate that the uptrend from 1.1118 … Continue reading "EURUSD Daily Analysis – August 15, 2017"

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USDCAD Daily Analysis – August 14, 2017 Forex Analysis

USDCAD broke below the bullish support trend line on its 4-hour chart and is now facing 1.2650 key support. A breakdown below this level will indicate that the short term uptrend from 1.2413 had completed at 1.2752 already, then the following downside movement could bring price back to test 1.2413 support. On the upside, as … Continue reading "USDCAD Daily Analysis – August 14, 2017"

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USDJPY Daily Analysis – August 14, 2017 Forex Analysis

USDJPY stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 114.49. As long as the price is below the trend line, the bounce from 108.73 could be treated as consolidation of the downtrend, and further decline to test 108.13 (Apr 17 low) support is still possible. Only a … Continue reading "USDJPY Daily Analysis – August 14, 2017"

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AUDUSD Daily Analysis – August 14, 2017 Forex Analysis

AUDUSD broke above the bearish trend line on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7838 already. Further rally could be expected and next target would be at 0.8000 area. Support is at 0.7838, only a breakdown below this level could trigger another fall towards 0.7800.

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GBPUSD Daily Analysis – August 14, 2017 Forex Analysis

GBPUSD rebounded from 1.2939 after failing in its attempt to break below 1.2932 support. A break above 1.3030 resistance will indicate that the short term downtrend from 1.3267 had completed at 1.2939 already, then the following upside movement could bring price back into 1.3120 zone. On the downside, a breakdown below 1.2932 support will confirm … Continue reading "GBPUSD Daily Analysis – August 14, 2017"

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EURUSD Daily Analysis – August 14, 2017 Forex Analysis

EURUSD’s bounce from 1.1689 extended to as high as 1.1847. Further rise to test 1.1909 resistance would likely be seen. However, as long as 1.1909 resistance holds, the downside movement could be expected to resume and another fall towards the bottom support trend line of the price channel on its daily chart is still possible.

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USDCAD Daily Analysis – August 11, 2017 Forex Analysis

USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752. As long as the price is above the bullish trend line on its 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2800 area. Key support is now at 1.2650, only a breakdown below this … Continue reading "USDCAD Daily Analysis – August 11, 2017"

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USDJPY Daily Analysis – August 11, 2017 Forex Analysis

USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target would be at 108.50 area. Only a clear break above the trend line resistance could signal completion of … Continue reading "USDJPY Daily Analysis – August 11, 2017"

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AUDUSD Daily Analysis – August 11, 2017 Forex Analysis

AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800 area. There … Continue reading "AUDUSD Daily Analysis – August 11, 2017"

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GBPUSD Daily Analysis – August 11, 2017 Forex Analysis

Being supported by 1.2932 low, GBPUSD rebounded from 1.2951, suggesting that a short term bottom is being formed on the 4-hour chart. A break above 1.3030 near term resistance could bring price back into 1.3120 zone. On the downside, as long as 1.3030 resistance holds, the downside movement from 1.3267 is possible to continue and … Continue reading "GBPUSD Daily Analysis – August 11, 2017"

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EURUSD Daily Analysis – August 11, 2017 Forex Analysis

EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.1909 had completed at 1.1689 already. Further rally could be expected in a couple of days and the target would be at 1.1850 area. On the downside, as long as 1.1909 resistance holds, another fall to test … Continue reading "EURUSD Daily Analysis – August 11, 2017"

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USDCAD Daily Analysis – August 10, 2017 Forex Analysis

USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2721. Near term support is at the rising trend line on its 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2740 area. Key support is now at 1.2629, a … Continue reading "USDCAD Daily Analysis – August 10, 2017"

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USDJPY Daily Analysis – August 10, 2017 Forex Analysis

USDJPY’s downside movement extended to as low as 109.55. Further decline it still possible and next target would be at 109.00 area. Resistance is at the top trend line of the price channel on its 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis – August 10, 2017 Forex Analysis

AUDUSD stays in a bearish trend line on its 4-hour chart and remains in the downtrend from 0.8065. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.7800 area. Only a clear break above the trend line resistance could trigger another rise … Continue reading "AUDUSD Daily Analysis – August 10, 2017"

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GBPUSD Daily Analysis – August 10, 2017 Forex Analysis

GBPUSD’s fall from 1.3267 extended to as low as 1.2952. Deeper decline to test 1.2932 support is possible, a breakdown below this level could take price into 1.2850 zone. Near term resistance is at 1.3060, only move above this level will indicate that a short term bottom had been formed at 1.2952, then the correction … Continue reading "GBPUSD Daily Analysis – August 10, 2017"

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EURUSD Daily Analysis – August 10, 2017 Forex Analysis

EURUSD is now in the downtrend from 1.1909. Further decline could be expected after a minor consolidation and next target would be at the bottom support trend line of the price channel on its daily chart, now at around 1.1515. Resistance levels are at 1.1825 and 1.1909, only break above these levels could trigger another … Continue reading "EURUSD Daily Analysis – August 10, 2017"

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USDCAD Daily Analysis – August 9, 2017 Forex Analysis

USDCAD stays above the rising trend line on its 4-hour chart and remains in uptrend from 1.2413. As long as the trend line support holds, the uptrend from 1.2413 could be expected to continue and next target would be at 1.2740 area. Key support is now at 1.2629, a breakdown below this level could bring … Continue reading "USDCAD Daily Analysis – August 9, 2017"

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USDJPY Daily Analysis – August 9, 2017 Forex Analysis

USDJPY failed to break out of the top trend line of the price channel on the 4-hour chart and is now facing 109.83 support. A breakdown below this level will indicate that the downtrend from 114.49 has resumed, then the following downside movement could bring price into 109.00 zone. Only a clear break above the … Continue reading "USDJPY Daily Analysis – August 9, 2017"

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AUDUSD Daily Analysis – August 9, 2017 Forex Analysis

AUDUSD broke below 0.7875 support and is now in downtrend from 0.8065. Near term resistance is at the falling trend line on the 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 0.7800 area. Only a clear break above … Continue reading "AUDUSD Daily Analysis – August 9, 2017"

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GBPUSD Daily Analysis – August 9, 2017 Forex Analysis

GBPUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the uptrend from 1.2589 had completed at 1.3267 already. Further decline could be expected and next target would be at 1.2850 area. Resistance level is at 1.3120, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis – August 9, 2017 Forex Analysis

EURUSD broke below the key support level at 1.1728, indicating that the bullish movement from 1.1312 had completed at 1.1909 already. Further decline could be expected and the target would be at the bottom support trend line of the price channel on its daily chart. Resistance levels are at 1.1825 and 1.1909, only break above … Continue reading "EURUSD Daily Analysis – August 9, 2017"

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USDCAD Daily Analysis – August 8, 2017 Forex Analysis

USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714. As long as the price is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2740 area. On the downside, a clear break below the trend line support could bring … Continue reading "USDCAD Daily Analysis – August 8, 2017"

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USDJPY Daily Analysis – August 8, 2017 Forex Analysis

USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and further decline to 109.00 area could be expected after the consolidation. On the upside, a clear break above … Continue reading "USDJPY Daily Analysis – August 8, 2017"

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AUDUSD Daily Analysis – August 8, 2017 Forex Analysis

AUDUSD is facing 0.7875 key support. A breakdown below this level will indicate that the uptrend from 0.7571 had completed at 0.8065 already, then the following correction pullback could bring price back into 0.7750 zone. However, as long as 0.7875 support holds, the fall from 0.8065 could be treated as consolidation of the uptrend, another … Continue reading "AUDUSD Daily Analysis – August 8, 2017"

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GBPUSD Daily Analysis – August 8, 2017 Forex Analysis

GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the following bearish movement could bring price to test 1.2811 key support. On the upside, as long as the … Continue reading "GBPUSD Daily Analysis – August 8, 2017"

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EURUSD Daily Analysis – August 8, 2017 Forex Analysis

EURUSD stays in a bullish price channel on its 4-hour chart, indicating that the pair remains in the 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 1.2000 area. The key support is at 1.1728, only a breakdown below … Continue reading "EURUSD Daily Analysis – August 8, 2017"

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USDCAD Daily Analysis – August 7, 2017 Forex Analysis

USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2413. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.2740 area. Key support is at 1.2552, only a breakdown below … Continue reading "USDCAD Daily Analysis – August 7, 2017"

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USDJPY Daily Analysis – August 7, 2017 Forex Analysis

USDJPY remains in the downtrend from 114.49, the bounce from 109.83 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 109.00 … Continue reading "USDJPY Daily Analysis – August 7, 2017"

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AUDUSD Daily Analysis – August 7, 2017 Forex Analysis

AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still possible. Only a breakdown below 0.7875 support could signal completion of the uptrend from 0.7571.

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GBPUSD Daily Analysis – August 7, 2017 Forex Analysis

GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is possible, below this level will signal completion of the uptrend, then the following bearish movement could bring price … Continue reading "GBPUSD Daily Analysis – August 7, 2017"

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EURUSD Daily Analysis – August 7, 2017 Forex Analysis

EURUSD rebounded from 1.1728 after touching the bottom support trend line of the price channel on its 4-hour chart, indicating that the pair remains in the bullish movement from 1.1312. Key support is now at 1.1728, as long as this level holds, the bullish move could be expected to continue and next target would be … Continue reading "EURUSD Daily Analysis – August 7, 2017"

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USDCAD Daily Analysis – August 4, 2017 Forex Analysis

USDCAD’s bounce from 1.2413 extended to as high as 1.2618. Further rally could be expected in a couple of days and next target would be at 1.2690, followed by 1.2740. Support is at 1.2413, only a breakdown below this level could trigger another fall towards 1.2000.

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USDJPY Daily Analysis – August 4, 2017 Forex Analysis

USDJPY’s bearish movement from 114.49 extended to as low as 110.98. Resistance is at 110.98, as long as this level holds, the downside movement could be expected to continue and next target would be at 109.00 area. On the upside, a break of 110.98 resistance will indicate that the downtrend is complete, then the following … Continue reading "USDJPY Daily Analysis – August 4, 2017"

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AUDUSD Daily Analysis – August 4, 2017 Forex Analysis

AUDUSD stays in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7571 and another rise towards 0.8150 could be expected after the consolidation. Only a breakdown below 0.7875 support could signal completion of the … Continue reading "AUDUSD Daily Analysis – August 4, 2017"

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GBPUSD Daily Analysis – August 4, 2017 Forex Analysis

GBPUSD broke below the ascending trend line on its 4-hour chart, indicating that the short term uptrend from 1.2932 had completed at 1.3267 already. Deeper decline could be expected and next target would be at 1.3000 area. Resistance is at 1.3267, only a break of this level could trigger another rise towards 1.3500.

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EURUSD Daily Analysis – August 4, 2017 Forex Analysis

EURUSD remains in the uptrend from 1.1312, the pullback from 1.1908 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 channel support holds, the uptrend could be expected to continue and next target would be … Continue reading "EURUSD Daily Analysis – August 4, 2017"

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USDCAD Daily Analysis – August 3, 2017 Forex Analysis

USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and next target would be at around 1.2690, followed by 1.2740. However, the rally from 1.2413 would possibly be correction of the downtrend from 1.3793 (May 5 high), another … Continue reading "USDCAD Daily Analysis – August 3, 2017"

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USDJPY Daily Analysis – August 3, 2017 Forex Analysis

USDJPY remains in the downtrend from 114.49, the bounce from 109.91 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 109.00 … Continue reading "USDJPY Daily Analysis – August 3, 2017"

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AUDUSD Daily Analysis – August 3, 2017 Forex Analysis

AUDUSD continued its sideways movement in a range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still possible after the consolidation. Only a breakdown below 0.7875 support could signal completion of the uptrend.

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GBPUSD Daily Analysis – August 3, 2017 Forex Analysis

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 1.2932. 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 clear break below the trend line support will indicate that the upside movement … Continue reading "GBPUSD Daily Analysis – August 3, 2017"

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EURUSD Daily Analysis – August 3, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1312 extended to as high as 1.1908. As long as the pair is in the rising price channel on its 4-hour chart, the bullish move could be expected to continue and next target would be at 1.2000 area. On the downside, a clear break below the bottom support trend line of … Continue reading "EURUSD Daily Analysis – August 3, 2017"

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USDCAD Daily Analysis – August 2, 2017 Forex Analysis

USDCAD broke above the bearish trend line on its 4-hour chart and is now facing 1.2575 resistance. As long as this level holds, the price action in the trading range between 1.2413 and 1.2575 could be treated as consolidation of the downtrend from 1.3347, and further decline towards 1.2200 is still possible after the consolidation. … Continue reading "USDCAD Daily Analysis – August 2, 2017"

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USDJPY Daily Analysis – August 2, 2017 Forex Analysis

USDJPY remains in downtrend from 112.19, the rise from 109.91 could be treated as consolidation of the downtrend. As long as 110.90 resistance holds, the downtrend could be expected to continue and next target would be at 109.00 area. Only a break above 110.90 resistance could bring price back into 111.60 zone.

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AUDUSD Daily Analysis – August 2, 2017 Forex Analysis

AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571, and further rise towards 0.8150 is still possible after the consolidation. Only a breakdown below 0.7875 support could signal completion of the uptrend.

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GBPUSD Daily Analysis – August 2, 2017 Forex Analysis

GBPUSD remains in the uptrend from 1.2932. Further rise is still possible and next target would be at 1.3300 area. Support is at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue. On the downside, a clear break below the trend line support could … Continue reading "GBPUSD Daily Analysis – August 2, 2017"

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EURUSD Daily Analysis – August 2, 2017 Forex Analysis

EURUSD stays in a bullish price channel on its 4-hour chart and remains in the 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 1.2000 area. On the downside, the price had reached the top of the channel, pullback … Continue reading "EURUSD Daily Analysis – August 2, 2017"

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