USDCAD Daily Analysis – September 18, 2017 Forex Analysis

USDCAD remains in downtrend from 1.2778, the bounce from 1.2061 is likely consolidation of the downtrend. Near term resistance is at 1.2300, followed by the bearish trend line on the daily chart now at 1.2480. Further decline is still possible after the consolidation and a breakdown below 1.2061 could trigger another fall towards 1.1800. Only … Continue reading "USDCAD Daily Analysis – September 18, 2017"

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USDJPY Daily Analysis – September 18, 2017 Forex Analysis

USDJPY is now in uptrend from 107.31. Further rise could be expected in the coming days and next target would be at 112.50 area. Near term support is at 109.54, only a breakdown below this level would indicate that correction for the uptrend is underway, then deeper decline to 108.55 area could be seen.

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AUDUSD Daily Analysis – September 18, 2017 Forex Analysis

AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of the uptrend. Near term resistance is at 0.8050, a break above this level would indicate that the uptrend … Continue reading "AUDUSD Daily Analysis – September 18, 2017"

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GBPUSD Daily Analysis – September 18, 2017 Forex Analysis

GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next target would be at 1.3950 area. Key support is located at the bullish trend line on the 4-hour … Continue reading "GBPUSD Daily Analysis – September 18, 2017"

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EURUSD Daily Analysis – September 18, 2017 Forex Analysis

EURUSD broke above the descending trend line on its 4-hour chart, indicating that the short term downtrend from 1.2092 had completed at 1.1837 already. Further rally could be expected and next target would be at 1.2092 previous high, followed by 1.2165. Near term support is at 1.1837, only break below this level could trigger another … Continue reading "EURUSD Daily Analysis – September 18, 2017"

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