USDCAD dropped sharply to as low as 1.2146. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.2662 could be expected to continue and next target would be at 1.2050 area. Only a clear break above the trend … Continue reading "USDCAD Daily Analysis – September 7, 2017"
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Wednesday 6 September 2017
USDJPY Daily Analysis – September 7, 2017 Forex Analysis
USDJPY continued its sideways movement 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 could be expected after the consolidation. Only break above 110.94 resistance could signal completion of the downtrend.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – September 7, 2017 . Thanks for your support.
AUDUSD Daily Analysis – September 7, 2017 Forex Analysis
AUDUSD stays in a rising price channel on its 4-hour chart and remains in uptrend from 0.7807. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 0.8065. only a clear break below the channel support could signal completion of the uptrend.
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – September 7, 2017 . Thanks for your support.
GBPUSD Daily Analysis – September 7, 2017 Forex Analysis
GBPUSD stays above a bullish trend line on its 4-hour chart, indicating that the pair remains in the uptrend from 1.2774. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a clear break below the … Continue reading "GBPUSD Daily Analysis – September 7, 2017"
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EURUSD Daily Analysis – September 7, 2017 Forex Analysis
EURUSD broke above the triangle pattern on the 4-hour chart. Further rise could be expected in a couple of days and next target would be at 1.2050 area. Support levels are at 1.1900 and 1.1823, only break below these levels could bring price back to test 1.1662 key support.
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For more short term forex analysis and info visit via EURUSD Daily Analysis – September 7, 2017 . Thanks for your support.
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