Monday, 9 January 2017

USDCAD Daily Analysis - January 10, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3100 area.

usdcad chart


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AUDUSD Daily Analysis - January 10, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.

audusd chart


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GBPUSD Daily Analysis - January 10, 2017 Forex Analysis

GBPUSD broke below 1.2199 support and continued its downward movement from 1.2774. Further decline could be expected, and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels could signal completion of the downtrend.

gbpusd chart


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EURUSD Daily Analysis - January 10, 2017 Forex Analysis

EURUSD is facing 1.0653 resistance, a break of this level will indicate that the pair is in uptrend from 1.0340, then further rise to 1.0800 area could be seen. Near term support is at 1.0475, only break below this level could trigger another fall towards 1.0200.

eurusd chart


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Thursday, 5 January 2017

USDCAD Daily Analysis - January 6, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3191. Near term resistance is at 1.3340, as long as this level holds, the downtrend will continue, and next target would be at 1.3100 area.

usdcad chart


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USDJPY Daily Analysis - January 6, 2017 Forex Analysis

USDJPY is facing 114.73 support, a breakdown below this level will signal completion of the uptrend from 101.18 (Nov 09, 2016 low), then the following downward movement could bring price back to 112.50 area. On the upside, as long as 114.73 support holds, the fall from 118.66 could be treated as consolidation of the uptrend, and another rise towards 120.00 could be expected after consolidation.

usdjpy chart


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AUDUSD Daily Analysis - January 6, 2017 Forex Analysis

AUDUSD's upward movement from 0.7159 extended to as high as 0.7356. Further rise is still possible and next target would be at 0.7400 area. Support is at 0.7280, only break below this level could signal completion of the uptrend.

audusd chart


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