USDCAD Daily Analysis – September 15, 2017 Forex Analysis

USDCAD extended its rebound from 1.2061 to as high as 1.2239. Further rise is still possible and the target would be at the bearish trend line on the daily chart. However, the bounce is likely consolidation of the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be … Continue reading "USDCAD Daily Analysis – September 15, 2017"

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USDJPY Daily Analysis – September 15, 2017 Forex Analysis

USDJPY broke above 110.94 resistance, indicating that the downtrend from 114.49 (Jul 11 high) had completed at 107.31 already. The pair is now in uptrend from 107.31, the fall from 111.03 could be treated as correction of the uptrend. Another rise could be expected after the correction and next target would be at 112.50 area.

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AUDUSD Daily Analysis – September 15, 2017 Forex Analysis

AUDUSD rebounded from 0.7955 after touching the bottom support trend line of the price channel on the 4-hour chart, indicating that the pair remains in the uptrend from 0.7807. As long as the price is in the channel, the fall from 0.8124 could be treated as consolidation of the uptrend, and a break above 0.8050 … Continue reading "AUDUSD Daily Analysis – September 15, 2017"

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GBPUSD Daily Analysis – September 15, 2017 Forex Analysis

GBPUSD extended its upside movement from 1.2774 to as high as 1.3405, facing the resistance level at 1.3444. 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 move could be expected to continue and a break of 1.3444 resistance … Continue reading "GBPUSD Daily Analysis – September 15, 2017"

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EURUSD Daily Analysis – September 15, 2017 Forex Analysis

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the short term downtrend from 1.2092. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1823, followed by 1.1662. On the upside, a clear break above the trend … Continue reading "EURUSD Daily Analysis – September 15, 2017"

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