USDCAD’s rebound from 1.2061 extended to as high as 1.2337. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2470. However, as long as the trend line resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3793 (May 5 … Continue reading "USDCAD Daily Analysis – September 19, 2017"
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Monday 18 September 2017
USDJPY Daily Analysis – September 19, 2017 Forex Analysis
USDJPY’s bullish movement from 107.31 extended to as high as 111.66. Further rise is still possible in a couple of days and next target would be at 112.50 area. Near term support is at the ascending trend line on the 4-hour chart. A breakdown below the trend line support would indicate that correction for the … Continue reading "USDJPY Daily Analysis – September 19, 2017"
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AUDUSD Daily Analysis – September 19, 2017 Forex Analysis
AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7807 had completed at 0.8124 already. Further decline could be expected after a minor consolidation and next target would be at 0.7850 area. Resistance is at 0.8050, only break above this level could … Continue reading "AUDUSD Daily Analysis – September 19, 2017"
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GBPUSD Daily Analysis – September 19, 2017 Forex Analysis
GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target would be at 1,3400, followed by 1.3370. As long as 1.3370 level holds, the bullish movement could be … Continue reading "GBPUSD Daily Analysis – September 19, 2017"
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EURUSD Daily Analysis – September 19, 2017 Forex Analysis
EURUSD moved sideways in a trading range between 1.1823 and 1.2092. As long as 1.1823 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.2165 is still possible after the consolidation. On the downside a breakdown below 1.1823 support could indicating that … Continue reading "EURUSD Daily Analysis – September 19, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – September 19, 2017 . Thanks for your support.
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