EURUSD Daily Analysis - February 27, 2017 Forex Analysis

EURUSD stays in the downward price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.

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USDCAD Daily Analysis - February 24, 2017 Forex Analysis

USDCAD broke below the bottom of the upward price channel on 4-hour chart, indicating that the upward movement from 1.3009 is complete. Another fall to test 1.2968 support could be seen over the next several days.

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AUDUSD Daily Analysis - February 24, 2017 Forex Analysis

AUDUSD's upward movement from 0.7159 (Dec 26, 2016 low) extended further to as high as 0.7740. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - February 24, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0828, the price action from 1.0521 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in the channel, the downtrend could be expected to resume and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.

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USDCAD Daily Analysis - February 23, 2017 Forex Analysis

USDCAD stays in a upward price channel on 4-hour chart and remains in uptrend from 1.3009. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3250 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to test 1.2968 support.

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USDJPY Daily Analysis - February 23, 2017 Forex Analysis

USDJPY is short term downtrend from 114.95 and the rise from 112.61 is likely consolidation of the downtrend. Further decline to test 111.59 support is possible. A breakdown below this level will indicate that the longer term downtrend from 118.66 (Dec 15, 2016 high) has resumed, then next target would be at 111.00 area.

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EURUSD Daily Analysis - February 23, 2017 Forex Analysis

EURUSD broke below 1.0521 support, indicating that the downtrend from 1.0828 has resumed. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is underway, then the following upward movement could bring price back to 1.0700 zone.

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