USDCAD Daily Analysis - February 13, 2017 Forex Analysis

USDCAD's downward movement from 1.3211 extended to as low as 1.3062. However, the fall would possibly be correction of the uptrend from 1.2968, and another rise towards 1.3300 could be expected after correction.

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USDJPY Daily Analysis - February 13, 2017 Forex Analysis

USDJPY broke above 113.95 resistance, indicating that the downward movement from 115.62 had completed at 111.59 already. Further rise to test 115.62 resistance could be expected in a couple of days, and a break of this level will confirm that the longer term downtrend from 118.66 (Dec 15, 2016 high) is complete, then the following upward movement could bring price to 118.00 zone.

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AUDUSD Daily Analysis - February 13, 2017 Forex Analysis

AUDUSD is facing 0.7695 resistance, a break of this level will indicate that the uptrend from 0.7159 (Dec 26, 2016 low) has resumed, then next target would be at 0.7800 area. On the downside, as long as 0.7695 resistance holds, range trading between 0.7570 and 0.7695 could be expected to continue. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - February 13, 2017 Forex Analysis

EURUSD broke below 1.0620 support, indicating that the uptrend from 1.0340 had completed at 1.0828 already. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0714, as long as the pair stays below this level, the downtrend from 1.0828 will continue.

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USDJPY Daily Analysis - February 10, 2017 Forex Analysis

USDJPY broke above the downward trend line on 4-hour chart, and is now facing the resistance at 113.95. As long as this level holds, the rise from 111.59 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high) and another fall towards 110.00 could be expected after consolidation. On the upside, a break of 113.95 resistance will indicate that lengthier consolidation of the downtrend is underway, then further rise to 115.00 area could be seen.

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GBPUSD Daily Analysis - February 10, 2017 Forex Analysis

No changed in our view, GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 could be treated as consolidation of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

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EURUSD Daily Analysis - February 10, 2017 Forex Analysis

EURUSD is testing 1.0620 support, as long as the pair is above this level, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and further rise to 1.0900 area is still possible after consolidation. On the other side, a breakdown below 1.0620 support will indicate that the uptrend had completed at 1.0828 already, then the following downward movement could bring price to 1.0000 zone.

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