USDCAD’s upward movement from 1.3009 extended to as high as 1.3535. Support is at the bottom of the price channel on 4-hour chart. As long as the pair stays in the channel, the uptrend could be expected to continue, and next target would be at 1.3600 area.
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Thursday 9 March 2017
USDJPY Daily Analysis – March 10, 2017 Forex Analysis
USDJPY broke above 114.95 resistance, indicating that the downward movement from 118.66 (Dec 15, 2016 high) had completed at 111.59 already. The pair is now in uptrend from 111.68, further rise could be expected over the next several days, and next target would be at 117.50 area. Support is at 113.50, only break below this … Continue reading "USDJPY Daily Analysis – March 10, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – March 10, 2017 . Thanks for your support.
AUDUSD Daily Analysis – March 10, 2017 Forex Analysis
AUDUSD stays below the downward trend line on 4-hours chart and remains in downtrend from 0.7740. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 0.7400 area. Only a clear break above the trend line resistance could signal completion of the … Continue reading "AUDUSD Daily Analysis – March 10, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 10, 2017 . Thanks for your support.
GBPUSD Daily Analysis – March 10, 2017 Forex Analysis
GBPUSD remains in downtrend from 1.2569. As long as the pair is in the descending channel on 4-hours chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Resistance levels are at 1.2235 and 1.2300, only break above these levels could signal completion of the downtrend.
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 10, 2017 . Thanks for your support.
EURUSD Daily Analysis – March 10, 2017 Forex Analysis
EURUSD continued its sideways movement in a range between 1.0493 and 1.0679. The sideways movement is likely consolidation of the downtrend from 1.0828, further decline to 1.0400 area is still possible after the sideways consolidation. Key resistance is at 1.0679, only break above this level will indicate that the downtrend had completed at 1.0493 already, … Continue reading "EURUSD Daily Analysis – March 10, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 10, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 10, 2017 . Thanks for your support.
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