USDCAD extended its upside movement from 1.2061 to as high as 1.2538. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is at 1.2416, only a breakdown below this level could indicate … Continue reading "USDCAD Daily Analysis – October 4, 2017"
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Tuesday 3 October 2017
USDJPY Daily Analysis – October 4, 2017 Forex Analysis
USDJPY moved sideways in a trading range between 112.21 and 113.25. As long as the price is in the rising price channel on the 4-hour chart, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area could be expected after the consolidation. Near term support is … Continue reading "USDJPY Daily Analysis – October 4, 2017"
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AUDUSD Daily Analysis – October 4, 2017 Forex Analysis
AUDUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 0.8102 is complete. Further rally to test 0.7860 resistance could be expected in the coming days. A break through this level would confirm that the downtrend had competed at 0.7785 already, then the following … Continue reading "AUDUSD Daily Analysis – October 4, 2017"
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GBPUSD Daily Analysis – October 4, 2017 Forex Analysis
GBPUSD’s downside movement from 1.3657 extended to as low as 1.3222. As long as the pair is below the bearish trend line on the 4-hour chart, the downside move could be expected to continue and next target would be at 1.3150 area. Below this level could trigger further decline towards the bullish trend line on … Continue reading "GBPUSD Daily Analysis – October 4, 2017"
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EURUSD Daily Analysis – October 4, 2017 Forex Analysis
EURUSD is facing the resistance of the top trend line of the price channel on the 4-hour chart. Breakout of the channel resistance could bring price to test 1.1832 resistance. Above this level could indicate that the short term downtrend from 1.2029 had completed at 1.1696 already, then the following rebound could take price back … Continue reading "EURUSD Daily Analysis – October 4, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – October 4, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – October 4, 2017 . Thanks for your support.
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