USDCAD Daily Analysis – September 22, 2017 Forex Analysis

USDCAD remains in the short term uptrend from 1.2061. Further rise towards the bearish trend line on the daily chart would likely be seen. As long as the price is below the trend line, the bounce from 1.2061 could be treated as consolidation of the downtrend from 1.3793 (May 5 high), and further fall towards … Continue reading "USDCAD Daily Analysis – September 22, 2017"

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USDJPY Daily Analysis – September 22, 2017 Forex Analysis

USDJPY stays above a rising trend line on its 4-hour chart and remains in the uptrend from 107.31. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 114.00 area. Key support is at 111.08, only break below this level could signal completion of … Continue reading "USDJPY Daily Analysis – September 22, 2017"

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AUDUSD Daily Analysis – September 22, 2017 Forex Analysis

After correction, AUDUSD broke below 0.7939 support and continued its downside movement from 0.8124. Further decline could be expected in a couple of days and next target would be at 0.7871, followed by 0.7807. Key resistance is at 0.8124, only break above this level could trigger another rise towards 0.8162.

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GBPUSD Daily Analysis – September 22, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next target would be at 1.3950 area. On the downside, a breakdown below 1.3451 support could bring price back … Continue reading "GBPUSD Daily Analysis – September 22, 2017"

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EURUSD Daily Analysis – September 22, 2017 Forex Analysis

EURUSD failed to break below 1.1823 key support and stays in a trading range between 1.1823 and 1.2092, suggesting that lengthier consolidation from the uptrend from 1.0569 (Apr 10 low) is underway. As long as 1.1823 key support holds, the uptrend could be expected to resume and an upside break of 1.2092 could bring price … Continue reading "EURUSD Daily Analysis – September 22, 2017"

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