USDCAD Daily Analysis – September 21, 2017 Forex Analysis

USDCAD extended its upside movement from 1.2061 to as high as 1.2390. Further rise would likely be seen in a couple of days and next target would be at the bearish trend line on the daily chart now at 1.2440. As long as the price is below the trend bearish trend line, the bounce from … Continue reading "USDCAD Daily Analysis – September 21, 2017"

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USDJPY Daily Analysis – September 21, 2017 Forex Analysis

USDJPY’s bullish movement from 107.31 extended to as high as 112.64. As long as the price is above the rising trend line on the 4-hour chart, the bullish move could be expected to continue, and next target would be at 114.00 area. Near term support is at the trend line, and the key support is … Continue reading "USDJPY Daily Analysis – September 21, 2017"

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AUDUSD Daily Analysis – September 21, 2017 Forex Analysis

No changed in our view, AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 could be treated as correction of the downtrend. Further decline would likely be seen after the correction, and next target would be at 0.7871, followed by 0.7807. Only break above 0.8124 resistance could trigger another rise towards 0.8162.

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GBPUSD Daily Analysis – September 21, 2017 Forex Analysis

GBPUSD dropped sharply to as low as 1.3451 after hitting a new high at 1.3652, indicating that lengthier consolidation for the uptrend from 1.2774 is needed. Deeper decline towards the bullish trend line on the 4-hour chart would likely be seen in a couple of days. However, as long as the price is above the … Continue reading "GBPUSD Daily Analysis – September 21, 2017"

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EURUSD Daily Analysis – September 21, 2017 Forex Analysis

EURUSD is facing 1.1823 key support once again. A breakdown below this level could indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.2092 already, then deeper decline towards 1.1662 could be seen. On the upside, as long as 1.1823 level holds, the price action in the trading range between 1.1823 and … Continue reading "EURUSD Daily Analysis – September 21, 2017"

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