USDCAD Daily Analysis – October 9, 2017 Forex Analysis

USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is now at 1.2448, only a breakdown below this level would indicate that … Continue reading "USDCAD Daily Analysis – October 9, 2017"

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

USDJPY Daily Analysis – October 9, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 112.21 and 113.43. As long as 112.21 level holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area cold be expected after the consolidation. On the downside, a breakdown below 112.21 level could bring price back to … Continue reading "USDJPY Daily Analysis – October 9, 2017"

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

AUDUSD Daily Analysis – October 9, 2017 Forex Analysis

AUDUSD’s bearish movement extended to as low as 0.7732. Key resistance is now at 0.7875, as long as the price is below this level, the downtrend could be expected to continue and next target would be at the resistance-turned-support trend line on the weekly chart now at 0.7700. On the upside, a break of 0.7800 … Continue reading "AUDUSD Daily Analysis – October 9, 2017"

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

GBPUSD Daily Analysis – October 9, 2017 Forex Analysis

GBPUSD’s bearish movement from 1.3657 extended to as low as 1.3027. Further decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at 1.2955. The key resistance is at the bearish trend line on the 4-hour chart. Only a clear break above … Continue reading "GBPUSD Daily Analysis – October 9, 2017"

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

EURUSD Daily Analysis – October 9, 2017 Forex Analysis

EURUSD extended its downside movement from 1.2092 to as low as 1.1669, facing an important support level at 1.1662. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart, now at 1.1415. Near term resistance is located at the falling trend line on the 4-hour chart. A breakthrough … Continue reading "EURUSD Daily Analysis – October 9, 2017"

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

USDCAD Daily Analysis – October 6, 2017 Forex Analysis

USDCAD broke above 1.2538 resistance and extended its bullish movement from 1.2061 to as high as 1.2584. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at the top trend line of the channel. Key support is … Continue reading "USDCAD Daily Analysis – October 6, 2017"

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

USDJPY Daily Analysis – October 6, 2017 Forex Analysis

USDJPY stays in a rising price channel on its 4-hour chart. As long as the channel support holds, the sideways movement in a trading range between 112.21 and 113.25 could be treated as consolidation of the uptrend from 107.31 and another rise to 114.00 area could be expected after the consolidation. On the downside, a … Continue reading "USDJPY Daily Analysis – October 6, 2017"

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

AUDUSD Daily Analysis – October 6, 2017 Forex Analysis

AUDUSD broke below 0.7785 support and extended its downside movement from 0.8102 to as low as 0.7772. Key resistance is now at 0.7875, as long as this level holds, the bearish movement could be expected to continue and next target would be at the resistance-turned-support trend line on the weekly chart now at 0.7700. Only … Continue reading "AUDUSD Daily Analysis – October 6, 2017"

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

GBPUSD Daily Analysis – October 6, 2017 Forex Analysis

GBPUSD continued its downside movement from 1.3657 and dropped sharply to as low as 1.3087, breaking below the 1.3153 support. Resistance is at the bearish trend line on the 4-hour chart, followed by 1.3291. As long as the price is below the trend line, the downtrend could be expected to continue and next target would … Continue reading "GBPUSD Daily Analysis – October 6, 2017"

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

EURUSD Daily Analysis – October 6, 2017 Forex Analysis

EURUSD stays in a trading range between 1.1696 and 1.1832, and is now facing 1.1696 support. A breakdown below this level could signal resumption of the downtrend from 1.2092, then deeper decline to test 1.1662 key support could be seen. If this level gives way, the pair would extend its bearish movement towards the resistance-turned-support … Continue reading "EURUSD Daily Analysis – October 6, 2017"

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

USDCAD Daily Analysis – October 5, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.2416 and 1.2538. As long as the price is in the bullish price channel on the 4-hour chart, the sideways movement could be treated as consolidation of the uptrend from 1.2061 and further rise towards 1.2700 could be expected after the consolidation. Resistance is at 1.2538, above … Continue reading "USDCAD Daily Analysis – October 5, 2017"

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

USDJPY Daily Analysis – October 5, 2017 Forex Analysis

USDJPY continued its sideways movement in a trading range between 112.21 and 113.25. As long as 112.21 support holds, the price action in the range could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area is still possible after the consolidation. Resistance is at 113.25, a breakout of this … Continue reading "USDJPY Daily Analysis – October 5, 2017"

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

AUDUSD Daily Analysis – October 5, 2017 Forex Analysis

AUDUSD broke above 0.7860 resistance, indicating that the downtrend from 0.8102 had completed at 0.7785 already. Further rally could be expected in the coming days and next target would be at 0.7930, followed by 0.7986. However, as long as as the price is below 0.7986 resistance, the bounce could be treated as correction of the … Continue reading "AUDUSD Daily Analysis – October 5, 2017"

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

GBPUSD Daily Analysis – October 5, 2017 Forex Analysis

GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3657. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 1.3153. Below this level could trigger further decline towards the bullish trend line on … Continue reading "GBPUSD Daily Analysis – October 5, 2017"

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

EURUSD Daily Analysis – October 5, 2017 Forex Analysis

EURUSD moved out of the descending price channel on its 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.2029 is underway. The price is expected to test 1.1832 resistance, above this level could signal completion of the downtrend, then the following upside movement could take price to 1.1900 area. Break through this level … Continue reading "EURUSD Daily Analysis – October 5, 2017"

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

USDCAD Daily Analysis – October 4, 2017 Forex Analysis

USDCAD extended its upside movement from 1.2061 to as high as 1.2538. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is at 1.2416, only a breakdown below this level could indicate … Continue reading "USDCAD Daily Analysis – October 4, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – October 4, 2017 . Thanks for your support.

USDJPY Daily Analysis – October 4, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 112.21 and 113.25. As long as the price is in the rising price channel on the 4-hour chart, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area could be expected after the consolidation. Near term support is … Continue reading "USDJPY Daily Analysis – October 4, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – October 4, 2017 . Thanks for your support.

AUDUSD Daily Analysis – October 4, 2017 Forex Analysis

AUDUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 0.8102 is complete. Further rally to test 0.7860 resistance could be expected in the coming days. A break through this level would confirm that the downtrend had competed at 0.7785 already, then the following … Continue reading "AUDUSD Daily Analysis – October 4, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – October 4, 2017 . Thanks for your support.

GBPUSD Daily Analysis – October 4, 2017 Forex Analysis

GBPUSD’s downside movement from 1.3657 extended to as low as 1.3222. As long as the pair is below the bearish trend line on the 4-hour chart, the downside move could be expected to continue and next target would be at 1.3150 area. Below this level could trigger further decline towards the bullish trend line on … Continue reading "GBPUSD Daily Analysis – October 4, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – October 4, 2017 . Thanks for your support.

EURUSD Daily Analysis – October 4, 2017 Forex Analysis

EURUSD is facing the resistance of the top trend line of the price channel on the 4-hour chart. Breakout of the channel resistance could bring price to test 1.1832 resistance. Above this level could indicate that the short term downtrend from 1.2029 had completed at 1.1696 already, then the following rebound could take price back … Continue reading "EURUSD Daily Analysis – October 4, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – October 4, 2017 . Thanks for your support.

USDCAD Daily Analysis – October 3, 2017 Forex Analysis

USDCAD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2061. As long as the trend line support holds, the uptrend could be expected to continue and further rise to 1.2700 area is still possible. Key support is now at 1.2416, only a breakdown below this level could … Continue reading "USDCAD Daily Analysis – October 3, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – October 3, 2017 . Thanks for your support.

USDJPY Daily Analysis – October 3, 2017 Forex Analysis

USDJPY stays in a rising price channel on its 4-hour chart and remains in the uptrend from 107.31. As long as the channel support holds, the uptrend could be expected to continue and a breakout of 113.25 resistance could trigger another rise towards 114.00. On the downside a breakdown below the bottom support trend line … Continue reading "USDJPY Daily Analysis – October 3, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – October 3, 2017 . Thanks for your support.

AUDUSD Daily Analysis – October 3, 2017 Forex Analysis

AUDUSD continued its downside movement from 0.8102 and the fall extended to as low as 0.7795. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downside movement could be expected to continue and next target would be … Continue reading "AUDUSD Daily Analysis – October 3, 2017"

For more short term forex analysis and info visit via AUDUSD Daily Analysis – October 3, 2017 . Thanks for your support.

GBPUSD Daily Analysis – October 3, 2017 Forex Analysis

GBPUSD extended its downside movement from 1.3652 to as low as 1.3256. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the price is below the trend line, the downside move could be expected to continue and next target would be at 1.3150 area. On the upside, a … Continue reading "GBPUSD Daily Analysis – October 3, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – October 3, 2017 . Thanks for your support.

EURUSD Daily Analysis – October 3, 2017 Forex Analysis

EURUSD failed in its attempt to break above the top trend line of the price channel on the 4-hour chart and dropped down from 1.1832, indicating that the pair remains in the downtrend from 1.2029. Further decline to test 1.1662 key support would likely be seen. A breakdown below this level could bring price to … Continue reading "EURUSD Daily Analysis – October 3, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – October 3, 2017 . Thanks for your support.

USDCAD Daily Analysis – October 2, 2017 Forex Analysis

USDCAD extended its upside movement from 1.2061 to as high as 1.2532. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. On the downside, a break through below the rising trend line could bring … Continue reading "USDCAD Daily Analysis – October 2, 2017"

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

USDJPY Daily Analysis – October 2, 2017 Forex Analysis

USDJPY remains in the uptrend from 107.31, the fall from 113.25 is likely consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 114.00 … Continue reading "USDJPY Daily Analysis – October 2, 2017"

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

AUDUSD Daily Analysis – October 2, 2017 Forex Analysis

AUDUSD moves in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8102. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at the resistance-turned-support trend line on the weekly chart now at around 0.7700. On the other side, a … Continue reading "AUDUSD Daily Analysis – October 2, 2017"

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

GBPUSD Daily Analysis – October 2, 2017 Forex Analysis

GBPUSD stays in a falling price channel on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.3652. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.3250 area. However, a clear break above the top trend line … Continue reading "GBPUSD Daily Analysis – October 2, 2017"

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

EURUSD Daily Analysis – October 2, 2017 Forex Analysis

EURUSD stays in a descending price channel on its 4-hour chart and remains in the downtrend from 1.2029. As long as the price is in the channel, the bounce from 1.1717 could be treated as consolidation of the downtrend. Further decline to test 1.1662 key support would likely be seen after the consolidation. A breakdown … Continue reading "EURUSD Daily Analysis – October 2, 2017"

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