USDCAD Daily Analysis – September 13, 2017 Forex Analysis

USDCAD broke above the bearish trend line on its 4-hour chart, suggesting that the downtrend from 1.2662 had completed at 1.2061 already. Further rally would likely be seen over the next several days and the target would be at the bearish trend line on the daily chart. Near support is at 1.2061, only a breakdown … Continue reading "USDCAD Daily Analysis – September 13, 2017"

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USDJPY Daily Analysis – September 13, 2017 Forex Analysis

USDJPY’s bounce from 107.31 extended to as high as 110.29. Further rise to test 110.94 key resistance could be expected after a minor consolidation. As long as the price is below 110.94 resistance, the bounce could be treated as correction of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible.

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AUDUSD Daily Analysis – September 13, 2017 Forex Analysis

AUDUSD’s pullback from 0.8124 extended to as low as 0.7998. Further decline is still possible in a couple of days and next target would be at the bottom support trend line of the price channel on the 4-hour chart now at around 0.7955. As long as the channel support holds, the fall from 0.8124 could … Continue reading "AUDUSD Daily Analysis – September 13, 2017"

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GBPUSD Daily Analysis – September 13, 2017 Forex Analysis

GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising 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 … Continue reading "GBPUSD Daily Analysis – September 13, 2017"

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EURUSD Daily Analysis – September 13, 2017 Forex Analysis

EURUSD rebounded from 1.1926 after touching the support trend line from 1.1662 to 1.1823 on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.1662. Further rally would likely be seen in the coming days and next target would be at 1.2092 previous high resistance, above this level could take price to … Continue reading "EURUSD Daily Analysis – September 13, 2017"

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