USDCAD Daily Analysis – September 11, 2017 Forex Analysis

USDCAD extended its downside movement from 1.2662 to as low as 1.2061. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.2061 could be treated as consolidation of the downtrend, and further decline to 1.1800 area is still possible. Only a clear break above the trend … Continue reading "USDCAD Daily Analysis – September 11, 2017"

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USDJPY Daily Analysis – September 11, 2017 Forex Analysis

USDJPY’s downside movement from 110.67 extended to as low as 107.31. Resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the rise from 107.31 could be treated as consolidation of the downtrend and further decline to 106.50 area is still possible after the consolidation. On … Continue reading "USDJPY Daily Analysis – September 11, 2017"

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AUDUSD Daily Analysis – September 11, 2017 Forex Analysis

AUDUSD remains in the uptrend from 0.7807, the fall from 0.8124 is likely consolidation of the uptrend. Near term support is located 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 … Continue reading "AUDUSD Daily Analysis – September 11, 2017"

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GBPUSD Daily Analysis – September 11, 2017 Forex Analysis

GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2909. As long as the trend line support holds, the uptrend could be expected to continue and further rise to test 1.3267 previous high resistance is possible. On the downside, a clear break below the trend line support … Continue reading "GBPUSD Daily Analysis – September 11, 2017"

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EURUSD Daily Analysis – September 11, 2017 Forex Analysis

EURUSD stays above the bullish trend line from 1.1662 to 1.1823 and remains in the uptrend from 1.1662. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.2165. On the downside, a clear break below the trend line support could … Continue reading "EURUSD Daily Analysis – September 11, 2017"

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