USDCAD Daily Analysis – September 20, 2017 Forex Analysis

USDCAD stays above a rising trend line on its 4-hour chart and remains in a short term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2455. Near term support is at 1.2210, followed by the trend line on the … Continue reading "USDCAD Daily Analysis – September 20, 2017"

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USDJPY Daily Analysis – September 20, 2017 Forex Analysis

USDJPY stays above a bullish trend line on the 4-hour chart, suggesting that the price remains in the uptrend from 107.31. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 112.50 area. On the downside, a breakdown below the trend … Continue reading "USDJPY Daily Analysis – September 20, 2017"

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AUDUSD Daily Analysis – September 20, 2017 Forex Analysis

AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 is likely consolidation of the downtrend. Near term resistance is at 0.8050, as long as this level holds, the downtrend could be expected to continue and next target would be at 0.7850 area. The key resistance is at 0.8124, only break above this … Continue reading "AUDUSD Daily Analysis – September 20, 2017"

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GBPUSD Daily Analysis – September 20, 2017 Forex Analysis

GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume and a break of 1.3618 resistance could trigger another rise towards 1.3950. Key support is located at the … Continue reading "GBPUSD Daily Analysis – September 20, 2017"

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EURUSD Daily Analysis – September 20, 2017 Forex Analysis

EURUSD formed a sideways consolidation in a trading range between 1.1823 and 1.2092. Key support is now at 1.1823, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low). Another rise could be expected after the consolidation and a break … Continue reading "EURUSD Daily Analysis – September 20, 2017"

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