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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Thursday 31 August 2017
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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