GBPUSD Daily Analysis – September 13, 2017 Forex Analysis

GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be … Continue reading "GBPUSD Daily Analysis – September 13, 2017"

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EURUSD Daily Analysis – September 13, 2017 Forex Analysis

EURUSD rebounded from 1.1926 after touching the support trend line from 1.1662 to 1.1823 on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.1662. Further rally would likely be seen in the coming days and next target would be at 1.2092 previous high resistance, above this level could take price to … Continue reading "EURUSD Daily Analysis – September 13, 2017"

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USDCAD Daily Analysis – September 12, 2017 Forex Analysis

USDCAD stays below a descending trend line on the 4-hour chart and remains in the downtrend from 1.2662. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.1800 area. Only a clear break above the trend line resistance could signal completion of the … Continue reading "USDCAD Daily Analysis – September 12, 2017"

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USDJPY Daily Analysis – September 12, 2017 Forex Analysis

USDJPY broke above the resistance of the bearish trend line on its 4-hour chart, indicating that the short term downtrend from 110.67 had completed at 107.31 already. Further rally could be expected and the target would be at 110.00 area. However, the rise from 107.31 would possibly be correction of the downtrend from 114.49 (Jul … Continue reading "USDJPY Daily Analysis – September 12, 2017"

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AUDUSD Daily Analysis – September 12, 2017 Forex Analysis

AUDUSD broke below the bullish trend line on its 4-hour chart, indicating that the short term uptrend from 0.7871 had completed at 0.8124 already. Further decline could be expected in a couple of days and next target would be at 0.7950. The 07950 level could be treated as key support for the uptrend 0.7807. As … Continue reading "AUDUSD Daily Analysis – September 12, 2017"

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GBPUSD Daily Analysis – September 12, 2017 Forex Analysis

GBPUSD broke below the bullish trend line on the 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3070 and 1.3224 would likely be seen in a couple of days. Support levels are at 1.3130 and 1.3070, as long as these levels hold, the uptrend could be expected to … Continue reading "GBPUSD Daily Analysis – September 12, 2017"

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EURUSD Daily Analysis – September 12, 2017 Forex Analysis

EURUSD is facing the support of the ascending trend line from 1.1662 to 1.1823 on its 4-hour chart. A clear break below the trend line could bring price back to test 1.1823 support, below this level could signal completion of the uptrend from 1.1662, then the pair would find support at 1.1662. On the upside, … Continue reading "EURUSD Daily Analysis – September 12, 2017"

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