EURJPY Range Resistance (Oct 31, 2016)
EURJPY has been moving sideways on its 4-hour time frame and is making its way closer to the range resistance at the 116.00 major psychological level. If it holds as a ceiling, price could head back south...
Month: October 2016
USDCAD Daily Analysis – October 31, 2016
USDCAD’s upward movement from 1.3005 extended to as high as 1.3433. Further rise could be expected in a couple of days, and next target would be at 1.3600 area. Support levels are at 1.3345 and 1.3276, as...
USDJPY Daily Analysis – October 31, 2016
USDJPY is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 105.53 could be treated as consolidation of the uptrend from 103.16, and further...
AUDUSD Daily Analysis – October 31, 2016
AUDUSD reached the bottom of the price channel on 4-hour chart. Further rebound would likely be seen, and the target would be at at top of the channel. Support is at 0.7557, only break below this level...
EURUSD Daily Analysis – October 31, 2016
EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels...
USDCAD Weekly Analysis – October 30, 2016
USDCAD broke above the top of the price channel on daily chart. Further rise could be expected over the next several weeks, and next target would be at 1.3700 area. Support is at 1.3200, only break below...
USDJPY Weekly Analysis – October 30, 2016
USDJPY remains in the sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 125.85...
AUDUSD Weekly Analysis – October 30, 2016
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7755. As long as 0.7441 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area...
GBPUSD Weekly Analysis – October 30, 2016
GBPUSD is in downtrend from 1.3444, the price action from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2600 is possible over the next several weeks. Only break above 1.2600 resistance will indicate...
EURUSD Weekly Analysis – October 30, 2016
EURUSD’s downward movement from 1.1366 extended to as low as 1.0851. Further decline is till possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.1060, only break above this level...