USDCAD’s bounce from 1.2061 extended to as high as 1.2219. Further rally is still possible in a couple of days and the target would be at the bearish trend line on the daily chart now at 1.2515. However, as long as the price is below the trend line, the bounce could be treated as consolidation … Continue reading "USDCAD Daily Analysis – September 14, 2017"
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Wednesday 13 September 2017
USDJPY Daily Analysis – September 14, 2017 Forex Analysis
USDJPY is facing the resistance at 110.94. As long as this level holds, the rise from 107.31 could be treated as consolidation of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible after the consolidation. On the upside, a breakout of 110.94 resistance will indicate that the downtrend had completed … Continue reading "USDJPY Daily Analysis – September 14, 2017"
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AUDUSD Daily Analysis – September 14, 2017 Forex Analysis
AUDUSD extended its fall from 0.8124 to as low as 0.7970, facing the bottom support trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the fall could be treated as consolidation of the uptrend from 0.7807 and another rise towards 0.8162 could be expected after … Continue reading "AUDUSD Daily Analysis – September 14, 2017"
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GBPUSD Daily Analysis – September 14, 2017 Forex Analysis
GBPUSD pulled back from 1.3328, breaking below the bullish support trend line on its 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3159 and 1.3328 would likely be seen in a couple of days. Near term support is at 1.3159, as long as the this level holds, the … Continue reading "GBPUSD Daily Analysis – September 14, 2017"
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EURUSD Daily Analysis – September 14, 2017 Forex Analysis
EURUSD broke below the bullish trend line on the 4-hour chart. Further decline to test next support level at 1.1823 is possible. A breakdown below this level will confirm that the upside movement from 1.1662 had completed at 1.2092 already, then the following downside movement could take price to test the key support at 1.1662. … Continue reading "EURUSD Daily Analysis – September 14, 2017"
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