EURUSD Daily Analysis – March 9, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area is possibly after the sideways consolidation. On the upside, a break of 1.0679 resistance will indicate that the … Continue reading "EURUSD Daily Analysis – March 9, 2017"

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GBPUSD Daily Analysis – March 9, 2017 Forex Analysis

GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Key resistance is at 1.2300, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis – March 9, 2017 Forex Analysis

After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is at the falling trend line on 4-hour chart, and the key resistance is at 0.7632, only break above … Continue reading "AUDUSD Daily Analysis – March 9, 2017"

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USDJPY Daily Analysis – March 9, 2017 Forex Analysis

USDJPY is facing 114.95 resistance again. A break of this level will indicate that the pair is in uptrend from 111.68, then the following upward movement could bring price to 117.50 zone. Near term support is at 113.50, a breakdown below this level will confirm that the pair failed to test the 114.95 resistance, then … Continue reading "USDJPY Daily Analysis – March 9, 2017"

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USDCAD Daily Analysis – March 9, 2017 Forex Analysis

After consolidation, USDCAD continued its upward movement from 1.3009 and the rise extended to as high as 1.3500. Further rise is still possible after a minor consolidation and next target would be at 1.3600 area. Key support is at 1.3372, only break below this level could signal completion of the uptrend.

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USDCAD Daily Analysis – March 2, 2017 Forex Analysis

USDCAD remains in uptrend from 1.3009. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Support level is at 1.3250, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis – March 2, 2017 Forex Analysis

USDJPY’s upward movement from 111.68 extended to as high as 114.15. Further rise to test 114.95 resistance is possible in a couple of days. A break of this level will indicate that the downtrend from 118.66 (Dec 15, 2016 high) had completed at 111.59 already, then next target would be at 117.50 area. On the … Continue reading "USDJPY Daily Analysis – March 2, 2017"

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AUDUSD Daily Analysis – March 2, 2017 Forex Analysis

AUDUSD broke below the channel support. Further decline to test 0.7605 key support would likely be seen in a couple of days. A breakdown below this level will confirm that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already, then the following downward movement could bring price to 0.7300 area. Near … Continue reading "AUDUSD Daily Analysis – March 2, 2017"

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GBPUSD Daily Analysis – March 2, 2017 Forex Analysis

After consolidation, GBPUSD broke below 1.2346 support and continued its downward movement from 1.2706. Further decline could be expected and next target would be at 1.2000 area. Resistance is now at 1.2400, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis – March 2, 2017 Forex Analysis

EURUSD failed to break above the top of the price channel on 4-hour chart, indicating that the pair remains in downtrend from 1.0828, and the price action from 1.0521 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0400 area. Key resistance is … Continue reading "EURUSD Daily Analysis – March 2, 2017"

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