USDCNH Broke above Bearish Trend Line
USDCNH recently broke above the bearish trend line from the May 24 high of 6.8876 to the May 31 high of 6.8351 at 6.7725 on its 4-hour chart and is now facing the 6.7918 resistance. A break...
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USD/JPY Forecast June 9, 2017, Technical Analysis
The USD/JPY pair did exactly what I would expect it not to do during the day on Thursday, dropping down and then finding plenty of support. We have broken above the 110 level, and it now looks...
USD/CAD Forecast June 9, 2017, Technical Analysis
The US dollar fell a bit against the Canadian dollar during the session on Thursday, but found enough support near the 1.3480 level to turn things around and start going higher again. After the impulsive move on...
GBP/USD Forecast June 9, 2017, Technical Analysis
The British pound fell during most of the session on Thursday, as the election of Parliament took center stage. Currently, it appears that the Conservative party will probably pick up a few seats, and therefore we are...
EUR/USD Forecast June 9, 2017, Technical Analysis
The Thursday session was very interesting in the EUR/USD pair, as we fell significantly, reaching towards the 1.12 level. However, as we go into the later part of the day, looks as if the buyers are trying...
AUD/USD Forecast June 9, 2017, Technical Analysis
The Australian dollar has been less than impressive during the session on Thursday, as the market looks likely to roll over a bit from here. If you use a little bit of imagination, you can see a...
USDCAD Daily Analysis – June 9, 2017
USDCAD is facing 1.3540 resistance. As long as this level holds, the price action from 1.3387 could be treated as consolidation of the downtrend from 1.3793 and another fall towards 1.3200 could be expected after the consolidation....
USDJPY Daily Analysis – June 9, 2017
USDJPY’s rise from 109.11 extended to as high as 110.38. Further rally is still possible and next target would be at around 111.00. Support is at 109.11, only a breakdown below this level could trigger another fall...
AUDUSD Daily Analysis – June 9, 2017
AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is...
GBPUSD Daily Analysis – June 9, 2017
A sharp drop had taken the GBPUSD pair to 1.2700 area, indicting that the pair is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at...