USDCAD Daily Analysis – September 27, 2017 Forex Analysis

USDCAD continued its short term uptrend from 1.2061 and the rise extended to as high as 1.2413, facing the resistance of the top trend line of the price channel on the daily chart. Near term support is at 1.2250, followed by the rising trend line on the 4-hour chart, only a clear break below the … Continue reading "USDCAD Daily Analysis – September 27, 2017"

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USDJPY Daily Analysis – September 27, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 111.47 and 112.71. The sideways movement is likely consolidation of the uptrend from 107.31. A break of 112.71 resistance could trigger another rise towards 114.00. Near term support is now at 111.47, only a breakdown below this level would indicate that correction of the uptrend is underway, … Continue reading "USDJPY Daily Analysis – September 27, 2017"

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AUDUSD Daily Analysis – September 27, 2017 Forex Analysis

AUDUSD extended its downside movement from 0.8124 to as low as 0.7859. Deeper decline to test 0.7807 support would likely be seen in a couple of days. Below this level could confirm that the uptrend from 0.7328 (May 9 low) had completed at 0.8124 already, then the pair would find next support at the resistance-turned-support … Continue reading "AUDUSD Daily Analysis – September 27, 2017"

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GBPUSD Daily Analysis – September 27, 2017 Forex Analysis

GBPUSD is facing the support of the bullish trend line on the 4-hour chart. A clear break below the trend line support will indicate the upside movement from 1.2774 had completed at 1.3652 already, then the following bearish move could bring price back towards next support level at 1.3150. On the upside, as long as … Continue reading "GBPUSD Daily Analysis – September 27, 2017"

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EURUSD Daily Analysis – September 27, 2017 Forex Analysis

EURUSD broke below 1.1823 support and fell down to as low as 1.1757. Further decline to test 1.1662 support would likely be seen in a couple of days. A breakdown below this level could indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.2092 already, then the pair would find next support … Continue reading "EURUSD Daily Analysis – September 27, 2017"

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USDCAD Daily Analysis – September 25, 2017 Forex Analysis

USDCAD extended its short term upside movement from 1.2061 to as high as 1.2390. Further rally is still possible after a minor consolidation and next target would be at the top trend line of the price channel on the daily chart now at around 1.2465. Near term support is at 1.2250, followed by the rising … Continue reading "USDCAD Daily Analysis – September 25, 2017"

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USDJPY Daily Analysis – September 25, 2017 Forex Analysis

USDJPY remains in the uptrend from 107.31. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 112.71 could be treated as consolidation of the uptrend. Further rise would likely be seen after the consolidation and next target would be at 114.00. Key support is now at … Continue reading "USDJPY Daily Analysis – September 25, 2017"

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AUDUSD Daily Analysis – September 25, 2017 Forex Analysis

AUDUSD is now in a downtrend from 0.8124. Further decline could be expected after a minor consolidation and next target would be at 0.7871, followed by 0.7807. Resistance levels are at 0.8060 and 0.8124, only break above these levels could trigger another rise towards 0.8162.

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GBPUSD Daily Analysis – September 25, 2017 Forex Analysis

GBPUSD broke below 1.3451 support last Friday. Deeper decline towards the bullish trend line on the 4-hour chart would likely be seen. As long as the price is above the trend line, the fall from 1.3652 could be treated as consolidation of the uptrend from 1.2774, and another rise could be expected after the consolidation. … Continue reading "GBPUSD Daily Analysis – September 25, 2017"

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EURUSD Daily Analysis – September 25, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1823 and 1.2092. As long as the price is above 1.1823 support, the sideways move could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), another rise towards 1.2165 resistance could be expected after the consolidation. Resistance is at 1.2092, a breakout … Continue reading "EURUSD Daily Analysis – September 25, 2017"

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USDCAD Daily Analysis – September 22, 2017 Forex Analysis

USDCAD remains in the short term uptrend from 1.2061. Further rise towards the bearish trend line on the daily chart would likely be seen. As long as the price is below the trend line, the bounce from 1.2061 could be treated as consolidation of the downtrend from 1.3793 (May 5 high), and further fall towards … Continue reading "USDCAD Daily Analysis – September 22, 2017"

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USDJPY Daily Analysis – September 22, 2017 Forex Analysis

USDJPY stays above a rising trend line on its 4-hour chart and remains in the uptrend from 107.31. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 114.00 area. Key support is at 111.08, only break below this level could signal completion of … Continue reading "USDJPY Daily Analysis – September 22, 2017"

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AUDUSD Daily Analysis – September 22, 2017 Forex Analysis

After correction, AUDUSD broke below 0.7939 support and continued its downside movement from 0.8124. Further decline could be expected in a couple of days and next target would be at 0.7871, followed by 0.7807. Key resistance is at 0.8124, only break above this level could trigger another rise towards 0.8162.

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GBPUSD Daily Analysis – September 22, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next target would be at 1.3950 area. On the downside, a breakdown below 1.3451 support could bring price back … Continue reading "GBPUSD Daily Analysis – September 22, 2017"

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EURUSD Daily Analysis – September 22, 2017 Forex Analysis

EURUSD failed to break below 1.1823 key support and stays in a trading range between 1.1823 and 1.2092, suggesting that lengthier consolidation from the uptrend from 1.0569 (Apr 10 low) is underway. As long as 1.1823 key support holds, the uptrend could be expected to resume and an upside break of 1.2092 could bring price … Continue reading "EURUSD Daily Analysis – September 22, 2017"

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USDCAD Daily Analysis – September 21, 2017 Forex Analysis

USDCAD extended its upside movement from 1.2061 to as high as 1.2390. Further rise would likely be seen in a couple of days and next target would be at the bearish trend line on the daily chart now at 1.2440. As long as the price is below the trend bearish trend line, the bounce from … Continue reading "USDCAD Daily Analysis – September 21, 2017"

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USDJPY Daily Analysis – September 21, 2017 Forex Analysis

USDJPY’s bullish movement from 107.31 extended to as high as 112.64. As long as the price is above the rising trend line on the 4-hour chart, the bullish move could be expected to continue, and next target would be at 114.00 area. Near term support is at the trend line, and the key support is … Continue reading "USDJPY Daily Analysis – September 21, 2017"

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AUDUSD Daily Analysis – September 21, 2017 Forex Analysis

No changed in our view, AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 could be treated as correction of the downtrend. Further decline would likely be seen after the correction, and next target would be at 0.7871, followed by 0.7807. Only break above 0.8124 resistance could trigger another rise towards 0.8162.

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GBPUSD Daily Analysis – September 21, 2017 Forex Analysis

GBPUSD dropped sharply to as low as 1.3451 after hitting a new high at 1.3652, indicating that lengthier consolidation for the uptrend from 1.2774 is needed. Deeper decline towards the bullish trend line on the 4-hour chart would likely be seen in a couple of days. However, as long as the price is above the … Continue reading "GBPUSD Daily Analysis – September 21, 2017"

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EURUSD Daily Analysis – September 21, 2017 Forex Analysis

EURUSD is facing 1.1823 key support once again. A breakdown below this level could indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.2092 already, then deeper decline towards 1.1662 could be seen. On the upside, as long as 1.1823 level holds, the price action in the trading range between 1.1823 and … Continue reading "EURUSD Daily Analysis – September 21, 2017"

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USDCAD Daily Analysis – September 20, 2017 Forex Analysis

USDCAD stays above a rising trend line on its 4-hour chart and remains in a short term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2455. Near term support is at 1.2210, followed by the trend line on the … Continue reading "USDCAD Daily Analysis – September 20, 2017"

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USDJPY Daily Analysis – September 20, 2017 Forex Analysis

USDJPY stays above a bullish trend line on the 4-hour chart, suggesting that the price remains in the uptrend from 107.31. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 112.50 area. On the downside, a breakdown below the trend … Continue reading "USDJPY Daily Analysis – September 20, 2017"

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AUDUSD Daily Analysis – September 20, 2017 Forex Analysis

AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 is likely consolidation of the downtrend. Near term resistance is at 0.8050, as long as this level holds, the downtrend could be expected to continue and next target would be at 0.7850 area. The key resistance is at 0.8124, only break above this … Continue reading "AUDUSD Daily Analysis – September 20, 2017"

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GBPUSD Daily Analysis – September 20, 2017 Forex Analysis

GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume and a break of 1.3618 resistance could trigger another rise towards 1.3950. Key support is located at the … Continue reading "GBPUSD Daily Analysis – September 20, 2017"

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EURUSD Daily Analysis – September 20, 2017 Forex Analysis

EURUSD formed a sideways consolidation in a trading range between 1.1823 and 1.2092. Key support is now at 1.1823, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low). Another rise could be expected after the consolidation and a break … Continue reading "EURUSD Daily Analysis – September 20, 2017"

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USDCAD Daily Analysis – September 19, 2017 Forex Analysis

USDCAD’s rebound from 1.2061 extended to as high as 1.2337. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2470. However, as long as the trend line resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3793 (May 5 … Continue reading "USDCAD Daily Analysis – September 19, 2017"

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USDJPY Daily Analysis – September 19, 2017 Forex Analysis

USDJPY’s bullish movement from 107.31 extended to as high as 111.66. Further rise is still possible in a couple of days and next target would be at 112.50 area. Near term support is at the ascending trend line on the 4-hour chart. A breakdown below the trend line support would indicate that correction for the … Continue reading "USDJPY Daily Analysis – September 19, 2017"

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AUDUSD Daily Analysis – September 19, 2017 Forex Analysis

AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7807 had completed at 0.8124 already. Further decline could be expected after a minor consolidation and next target would be at 0.7850 area. Resistance is at 0.8050, only break above this level could … Continue reading "AUDUSD Daily Analysis – September 19, 2017"

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GBPUSD Daily Analysis – September 19, 2017 Forex Analysis

GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target would be at 1,3400, followed by 1.3370. As long as 1.3370 level holds, the bullish movement could be … Continue reading "GBPUSD Daily Analysis – September 19, 2017"

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EURUSD Daily Analysis – September 19, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1823 and 1.2092. As long as 1.1823 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.2165 is still possible after the consolidation. On the downside a breakdown below 1.1823 support could indicating that … Continue reading "EURUSD Daily Analysis – September 19, 2017"

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USDCAD Daily Analysis – September 18, 2017 Forex Analysis

USDCAD remains in downtrend from 1.2778, the bounce from 1.2061 is likely consolidation of the downtrend. Near term resistance is at 1.2300, followed by the bearish trend line on the daily chart now at 1.2480. Further decline is still possible after the consolidation and a breakdown below 1.2061 could trigger another fall towards 1.1800. Only … Continue reading "USDCAD Daily Analysis – September 18, 2017"

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USDJPY Daily Analysis – September 18, 2017 Forex Analysis

USDJPY is now in uptrend from 107.31. Further rise could be expected in the coming days and next target would be at 112.50 area. Near term support is at 109.54, only a breakdown below this level would indicate that correction for the uptrend is underway, then deeper decline to 108.55 area could be seen.

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AUDUSD Daily Analysis – September 18, 2017 Forex Analysis

AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of the uptrend. Near term resistance is at 0.8050, a break above this level would indicate that the uptrend … Continue reading "AUDUSD Daily Analysis – September 18, 2017"

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GBPUSD Daily Analysis – September 18, 2017 Forex Analysis

GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next target would be at 1.3950 area. Key support is located at the bullish trend line on the 4-hour … Continue reading "GBPUSD Daily Analysis – September 18, 2017"

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EURUSD Daily Analysis – September 18, 2017 Forex Analysis

EURUSD broke above the descending trend line on its 4-hour chart, indicating that the short term downtrend from 1.2092 had completed at 1.1837 already. Further rally could be expected and next target would be at 1.2092 previous high, followed by 1.2165. Near term support is at 1.1837, only break below this level could trigger another … Continue reading "EURUSD Daily Analysis – September 18, 2017"

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USDCAD Daily Analysis – September 15, 2017 Forex Analysis

USDCAD extended its rebound from 1.2061 to as high as 1.2239. Further rise is still possible and the target would be at the bearish trend line on the daily chart. However, the bounce is likely consolidation of the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be … Continue reading "USDCAD Daily Analysis – September 15, 2017"

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USDJPY Daily Analysis – September 15, 2017 Forex Analysis

USDJPY broke above 110.94 resistance, indicating that the downtrend from 114.49 (Jul 11 high) had completed at 107.31 already. The pair is now in uptrend from 107.31, the fall from 111.03 could be treated as correction of the uptrend. Another rise could be expected after the correction and next target would be at 112.50 area.

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AUDUSD Daily Analysis – September 15, 2017 Forex Analysis

AUDUSD rebounded from 0.7955 after touching the bottom support trend line of the price channel on the 4-hour chart, indicating that the pair remains in the uptrend from 0.7807. As long as the price is in the channel, the fall from 0.8124 could be treated as consolidation of the uptrend, and a break above 0.8050 … Continue reading "AUDUSD Daily Analysis – September 15, 2017"

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GBPUSD Daily Analysis – September 15, 2017 Forex Analysis

GBPUSD extended its upside movement from 1.2774 to as high as 1.3405, facing the resistance level at 1.3444. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside move could be expected to continue and a break of 1.3444 resistance … Continue reading "GBPUSD Daily Analysis – September 15, 2017"

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EURUSD Daily Analysis – September 15, 2017 Forex Analysis

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the short term downtrend from 1.2092. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1823, followed by 1.1662. On the upside, a clear break above the trend … Continue reading "EURUSD Daily Analysis – September 15, 2017"

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USDCAD Daily Analysis – September 14, 2017 Forex Analysis

USDCAD’s bounce from 1.2061 extended to as high as 1.2219. Further rally is still possible in a couple of days and the target would be at the bearish trend line on the daily chart now at 1.2515. However, as long as the price is below the trend line, the bounce could be treated as consolidation … Continue reading "USDCAD Daily Analysis – September 14, 2017"

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USDJPY Daily Analysis – September 14, 2017 Forex Analysis

USDJPY is facing the resistance at 110.94. As long as this level holds, the rise from 107.31 could be treated as consolidation of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible after the consolidation. On the upside, a breakout of 110.94 resistance will indicate that the downtrend had completed … Continue reading "USDJPY Daily Analysis – September 14, 2017"

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AUDUSD Daily Analysis – September 14, 2017 Forex Analysis

AUDUSD extended its fall from 0.8124 to as low as 0.7970, facing the bottom support trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the fall could be treated as consolidation of the uptrend from 0.7807 and another rise towards 0.8162 could be expected after … Continue reading "AUDUSD Daily Analysis – September 14, 2017"

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GBPUSD Daily Analysis – September 14, 2017 Forex Analysis

GBPUSD pulled back from 1.3328, breaking below the bullish support trend line on its 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3159 and 1.3328 would likely be seen in a couple of days. Near term support is at 1.3159, as long as the this level holds, the … Continue reading "GBPUSD Daily Analysis – September 14, 2017"

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EURUSD Daily Analysis – September 14, 2017 Forex Analysis

EURUSD broke below the bullish trend line on the 4-hour chart. Further decline to test next support level at 1.1823 is possible. A breakdown below this level will confirm that the upside movement from 1.1662 had completed at 1.2092 already, then the following downside movement could take price to test the key support at 1.1662. … Continue reading "EURUSD Daily Analysis – September 14, 2017"

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USDCAD Daily Analysis – September 13, 2017 Forex Analysis

USDCAD broke above the bearish trend line on its 4-hour chart, suggesting that the downtrend from 1.2662 had completed at 1.2061 already. Further rally would likely be seen over the next several days and the target would be at the bearish trend line on the daily chart. Near support is at 1.2061, only a breakdown … Continue reading "USDCAD Daily Analysis – September 13, 2017"

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USDJPY Daily Analysis – September 13, 2017 Forex Analysis

USDJPY’s bounce from 107.31 extended to as high as 110.29. Further rise to test 110.94 key resistance could be expected after a minor consolidation. As long as the price is below 110.94 resistance, the bounce could be treated as correction of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible.

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AUDUSD Daily Analysis – September 13, 2017 Forex Analysis

AUDUSD’s pullback from 0.8124 extended to as low as 0.7998. Further decline is still possible in a couple of days and next target would be at the bottom support trend line of the price channel on the 4-hour chart now at around 0.7955. As long as the channel support holds, the fall from 0.8124 could … Continue reading "AUDUSD Daily Analysis – September 13, 2017"

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GBPUSD Daily Analysis – September 13, 2017 Forex Analysis

GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be … Continue reading "GBPUSD Daily Analysis – September 13, 2017"

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EURUSD Daily Analysis – September 13, 2017 Forex Analysis

EURUSD rebounded from 1.1926 after touching the support trend line from 1.1662 to 1.1823 on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.1662. Further rally would likely be seen in the coming days and next target would be at 1.2092 previous high resistance, above this level could take price to … Continue reading "EURUSD Daily Analysis – September 13, 2017"

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USDCAD Daily Analysis – September 12, 2017 Forex Analysis

USDCAD stays below a descending trend line on the 4-hour chart and remains in the downtrend from 1.2662. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.1800 area. Only a clear break above the trend line resistance could signal completion of the … Continue reading "USDCAD Daily Analysis – September 12, 2017"

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USDJPY Daily Analysis – September 12, 2017 Forex Analysis

USDJPY broke above the resistance of the bearish trend line on its 4-hour chart, indicating that the short term downtrend from 110.67 had completed at 107.31 already. Further rally could be expected and the target would be at 110.00 area. However, the rise from 107.31 would possibly be correction of the downtrend from 114.49 (Jul … Continue reading "USDJPY Daily Analysis – September 12, 2017"

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AUDUSD Daily Analysis – September 12, 2017 Forex Analysis

AUDUSD broke below the bullish trend line on its 4-hour chart, indicating that the short term uptrend from 0.7871 had completed at 0.8124 already. Further decline could be expected in a couple of days and next target would be at 0.7950. The 07950 level could be treated as key support for the uptrend 0.7807. As … Continue reading "AUDUSD Daily Analysis – September 12, 2017"

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GBPUSD Daily Analysis – September 12, 2017 Forex Analysis

GBPUSD broke below the bullish trend line on the 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3070 and 1.3224 would likely be seen in a couple of days. Support levels are at 1.3130 and 1.3070, as long as these levels hold, the uptrend could be expected to … Continue reading "GBPUSD Daily Analysis – September 12, 2017"

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EURUSD Daily Analysis – September 12, 2017 Forex Analysis

EURUSD is facing the support of the ascending trend line from 1.1662 to 1.1823 on its 4-hour chart. A clear break below the trend line could bring price back to test 1.1823 support, below this level could signal completion of the uptrend from 1.1662, then the pair would find support at 1.1662. On the upside, … Continue reading "EURUSD Daily Analysis – September 12, 2017"

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USDCAD Daily Analysis – September 11, 2017 Forex Analysis

USDCAD extended its downside movement from 1.2662 to as low as 1.2061. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.2061 could be treated as consolidation of the downtrend, and further decline to 1.1800 area is still possible. Only a clear break above the trend … Continue reading "USDCAD Daily Analysis – September 11, 2017"

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USDJPY Daily Analysis – September 11, 2017 Forex Analysis

USDJPY’s downside movement from 110.67 extended to as low as 107.31. Resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the rise from 107.31 could be treated as consolidation of the downtrend and further decline to 106.50 area is still possible after the consolidation. On … Continue reading "USDJPY Daily Analysis – September 11, 2017"

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AUDUSD Daily Analysis – September 11, 2017 Forex Analysis

AUDUSD remains in the uptrend from 0.7807, the fall from 0.8124 is likely consolidation of the uptrend. Near term support is located at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at … Continue reading "AUDUSD Daily Analysis – September 11, 2017"

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GBPUSD Daily Analysis – September 11, 2017 Forex Analysis

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2909. As long as the trend line support holds, the uptrend could be expected to continue and further rise to test 1.3267 previous high resistance is possible. On the downside, a clear break below the trend line support … Continue reading "GBPUSD Daily Analysis – September 11, 2017"

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EURUSD Daily Analysis – September 11, 2017 Forex Analysis

EURUSD stays above the bullish trend line from 1.1662 to 1.1823 and remains in the uptrend from 1.1662. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.2165. On the downside, a clear break below the trend line support could … Continue reading "EURUSD Daily Analysis – September 11, 2017"

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USDCAD Daily Analysis – September 8, 2017 Forex Analysis

USDCAD continued its downside movement from 1.2662 and the fall extended to as low as 1.2064. Resistance is at the bearish 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 next target would be at 1.1800 area. Only a clear … Continue reading "USDCAD Daily Analysis – September 8, 2017"

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USDJPY Daily Analysis – September 8, 2017 Forex Analysis

USDJPY broke below 108.26 support, indicating that the downtrend from 114.49 (Jul 11 high) has resumed. Further decline could be expected and next target would be at 106.50. Near term resistance is at 109.39, only break above this level could bring price back towards 110.94.

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AUDUSD Daily Analysis – September 8, 2017 Forex Analysis

AUDUSD broke above 0.8065 previous high resistance. Further rise could be expected after a minor consolidation and next target would be at 0.8162. Support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

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GBPUSD Daily Analysis – September 8, 2017 Forex Analysis

GBPUSD extended its bullish movement from 1.2774 to as high as 1.3138. As long as the price is above the bullish trend line from 1.2774 to 1.2852 on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3200 area. Near term support is at 1.3018, followed by … Continue reading "GBPUSD Daily Analysis – September 8, 2017"

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EURUSD Daily Analysis – September 8, 2017 Forex Analysis

EURUSD broke above 1.2070 resistance, indicating that the uptrend from 1.1662 has resumed. Further rise could be expected and next target would be at 1.2165 area. Near term support is at 1.1979, followed by the bullish trend line from 1.1662 to 1.1823 now at 1.1915. As long as the trend line support holds, the uptrend … Continue reading "EURUSD Daily Analysis – September 8, 2017"

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USDCAD Daily Analysis – September 7, 2017 Forex Analysis

USDCAD dropped sharply to as low as 1.2146. 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 from 1.2662 could be expected to continue and next target would be at 1.2050 area. Only a clear break above the trend … Continue reading "USDCAD Daily Analysis – September 7, 2017"

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USDJPY Daily Analysis – September 7, 2017 Forex Analysis

USDJPY continued its sideways movement 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 could be expected after the consolidation. Only break above 110.94 resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis – September 7, 2017 Forex Analysis

AUDUSD stays in a rising price channel on its 4-hour chart and remains in uptrend from 0.7807. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 0.8065. only a clear break below the channel support could signal completion of the uptrend.

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GBPUSD Daily Analysis – September 7, 2017 Forex Analysis

GBPUSD stays above a bullish trend line on its 4-hour chart, indicating that the pair remains in the uptrend from 1.2774. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a clear break below the … Continue reading "GBPUSD Daily Analysis – September 7, 2017"

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EURUSD Daily Analysis – September 7, 2017 Forex Analysis

EURUSD broke above the triangle pattern on the 4-hour chart. Further rise could be expected in a couple of days and next target would be at 1.2050 area. Support levels are at 1.1900 and 1.1823, only break below these levels could bring price back to test 1.1662 key support.

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USDCAD Daily Analysis – September 6, 2017 Forex Analysis

USDCAD remains in the downtrend from 1.2662. Further decline is still possible after a minor consolidation and next target would be at 1.2050 area. Resistance is at 1.2500, only break above this level could bring price back towards 1.2778.

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USDJPY Daily Analysis – September 6, 2017 Forex Analysis

USDJPY stays in a trading range between 108.26 and 110.94 and is now facing 108.26 support. A breakdown below this level could signal resumption of the downtrend from 114.49 (Jul 11 high), then next target would be at 106.50 area. On the other side, as long as 108.26 support holds, the range trading could be … Continue reading "USDJPY Daily Analysis – September 6, 2017"

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AUDUSD Daily Analysis – September 6, 2017 Forex Analysis

AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028. As long as the price is in the bullish channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.8050 area. Near term support is at 0.7935, followed by the bottom support trend line of … Continue reading "AUDUSD Daily Analysis – September 6, 2017"

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GBPUSD Daily Analysis – September 6, 2017 Forex Analysis

GBPUSD extended its upside movement from 1.2774 to as high as 1.3044. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.3150 area. Only a clear break … Continue reading "GBPUSD Daily Analysis – September 6, 2017"

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EURUSD Daily Analysis – September 6, 2017 Forex Analysis

EURUSD moved sideways and formed a triangle pattern on its 4-hour chart. The price action in the triangle pattern could be treated as consolidation of the uptrend from 1.1662. Further rise towards 1.2165 is still possible after the consolidation. Near term resistance is at the top trend line of the triangle, a clear break above … Continue reading "EURUSD Daily Analysis – September 6, 2017"

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USDCAD Daily Analysis – September 5, 2017 Forex Analysis

USDCAD is now in downtrend from 1.2662. Range trading between 1.2339 and 1.2500 would likely be seen in a couple of days. Near term resistance is at 1.2500. As long as this level holds, the downside movement could be expected to continue and next target would be at 1.2050 area. Only break above 1.2500 resistance … Continue reading "USDCAD Daily Analysis – September 5, 2017"

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USDJPY Daily Analysis – September 5, 2017 Forex Analysis

USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. The sideways movement is likely consolidation of the downtrend from 114.49 (Jul 11 high). As long as 110.94 resistance holds, another fall to test 108.13 (Apr 17 low) support is still possible. Only break above 110.94 resistance could bring price back towards … Continue reading "USDJPY Daily Analysis – September 5, 2017"

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AUDUSD Daily Analysis – September 5, 2017 Forex Analysis

AUDUSD moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways move could be treated as consolidation of the uptrend from 0.7807, and further rise towards 0.8065 is still possible after the consolidation. Only a breakdown below 0.7866 support could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – September 5, 2017 Forex Analysis

GBPUSD remains in the uptrend from 1.2774, the price action from 1.2978 is likely consolidation of the uptrend. Near term support is at 1.2852, as long as this level holds, the uptrend could be expected to resume and next target would be at 1.3100 area. On the downside, a breakdown below 1.2852 support could take … Continue reading "GBPUSD Daily Analysis – September 5, 2017"

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EURUSD Daily Analysis – September 5, 2017 Forex Analysis

EURUSD moved sideways above the support level at 1.1823. As long as this level holds, the fall from 1.2070 could be treated as consolidation of the short term uptrend from 1.1662, and further rise towards 1.2165 is still possible after the consolidation. On the downside, a breakdown below 1.1823 support will confirm that the uptrend … Continue reading "EURUSD Daily Analysis – September 5, 2017"

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USDCAD Daily Analysis – September 4, 2017 Forex Analysis

USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area. Near term resistance is at 1.2500, only break above this level could trigger another rise to test 1.2778 key resistance.

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USDJPY Daily Analysis – September 4, 2017 Forex Analysis

USDJPY failed to break above 110.94 resistance and stays in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the price action in the trading range 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 … Continue reading "USDJPY Daily Analysis – September 4, 2017"

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AUDUSD Daily Analysis – September 4, 2017 Forex Analysis

AUDUSD is facing 0.7995 resistance, a break of this level could signal resumption of the uptrend from 0.7807, then next target would be at 0.8050 area. Key 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 – September 4, 2017 Forex Analysis

After correction, GBPUSD broke above 1.2978 resistance, indicating that the uptrend from 1.2774 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3100 area. 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 4, 2017 Forex Analysis

EURUSD is facing 1.1823 support. A breakdown below this level will indicate the short term uptrend from 1.1662 had completed at 1.2070 already, then the following downside move could take price to test 1.1662 key support. On the upside, as long as 1.1823 support holds, the fall from 1.2070 would possibly be correction of the … Continue reading "EURUSD Daily Analysis – September 4, 2017"

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