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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Tuesday 5 September 2017
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"
For more short term forex analysis and info visit via USDJPY Daily Analysis – September 6, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – September 6, 2017 . Thanks for your support.
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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For more short term forex analysis and info visit via AUDUSD Daily Analysis – September 6, 2017 . Thanks for your support.
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"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – September 6, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – September 6, 2017 . Thanks for your support.
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"
For more short term forex analysis and info visit via EURUSD Daily Analysis – September 6, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – September 6, 2017 . Thanks for your support.
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