USDCAD extended its upside movement from 1.2061 to as high as 1.2532. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. On the downside, a break through below the rising trend line could bring … Continue reading "USDCAD Daily Analysis – October 2, 2017"
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Sunday 1 October 2017
USDJPY Daily Analysis – October 2, 2017 Forex Analysis
USDJPY remains in the uptrend from 107.31, the fall from 113.25 is likely consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 114.00 … Continue reading "USDJPY Daily Analysis – October 2, 2017"
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AUDUSD Daily Analysis – October 2, 2017 Forex Analysis
AUDUSD moves in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8102. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at the resistance-turned-support trend line on the weekly chart now at around 0.7700. On the other side, a … Continue reading "AUDUSD Daily Analysis – October 2, 2017"
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GBPUSD Daily Analysis – October 2, 2017 Forex Analysis
GBPUSD stays in a falling price channel on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.3652. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.3250 area. However, a clear break above the top trend line … Continue reading "GBPUSD Daily Analysis – October 2, 2017"
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EURUSD Daily Analysis – October 2, 2017 Forex Analysis
EURUSD stays in a descending price channel on its 4-hour chart and remains in the downtrend from 1.2029. As long as the price is in the channel, the bounce from 1.1717 could be treated as consolidation of the downtrend. Further decline to test 1.1662 key support would likely be seen after the consolidation. A breakdown … Continue reading "EURUSD Daily Analysis – October 2, 2017"
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