USDCAD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2061. As long as the trend line support holds, the uptrend could be expected to continue and further rise to 1.2700 area is still possible. Key support is now at 1.2416, only a breakdown below this level could … Continue reading "USDCAD Daily Analysis – October 3, 2017"
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Monday 2 October 2017
USDJPY Daily Analysis – October 3, 2017 Forex Analysis
USDJPY stays in a rising price channel on its 4-hour chart and remains in the uptrend from 107.31. As long as the channel support holds, the uptrend could be expected to continue and a breakout of 113.25 resistance could trigger another rise towards 114.00. On the downside a breakdown below the bottom support trend line … Continue reading "USDJPY Daily Analysis – October 3, 2017"
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AUDUSD Daily Analysis – October 3, 2017 Forex Analysis
AUDUSD continued its downside movement from 0.8102 and the fall extended to as low as 0.7795. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downside movement could be expected to continue and next target would be … Continue reading "AUDUSD Daily Analysis – October 3, 2017"
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GBPUSD Daily Analysis – October 3, 2017 Forex Analysis
GBPUSD extended its downside movement from 1.3652 to as low as 1.3256. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the price is below the trend line, the downside move could be expected to continue and next target would be at 1.3150 area. On the upside, a … Continue reading "GBPUSD Daily Analysis – October 3, 2017"
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EURUSD Daily Analysis – October 3, 2017 Forex Analysis
EURUSD failed in its attempt to break above the top trend line of the price channel on the 4-hour chart and dropped down from 1.1832, indicating that the pair remains in the downtrend from 1.2029. Further decline to test 1.1662 key support would likely be seen. A breakdown below this level could bring price to … Continue reading "EURUSD Daily Analysis – October 3, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – October 3, 2017 . Thanks for your support.
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