EURAUD Range Support (Sep 06, 2016)
EURAUD seems to be trading inside a range these days, finding support at the 1.4500 major psychological mark and resistance at 1.4850. Price bounced off the top of the range and seems to have its sights set...
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AUDUSD Daily Analysis – September 6, 2016
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend from 0.7755. Further decline...
EURUSD Daily Analysis – September 6, 2016
EURUSD is facing 1.1123 support, a breakdown below this level will signal resumption of the downtrend from 1.1366, then the following downward movement could bring price to 1.1000 area. Near term resistance is at 1.1251, only break...
USDCAD Daily Analysis – September 5, 2016
USDCAD broke below the bottom of the price channel on 4-hour chart. However the fall from 1.3147 would possibly be correction of the uptrend from 1.2763. Another rise towards 1.3500 is still possible after correction.
USDJPY Daily Analysis – September 5, 2016
USDJPY continued its upward movement from 99.52 and the rise extended to as high as 104.31. Further rise could be expected after a minor consolidation, and next target would be at 106.00 area. Support is now at...
AUDUSD Daily Analysis – September 5, 2016
AUDUSD stays below the downward trend line on 4-hour chart and remains in downtrend from 0.7755. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend. Further...
GBPUSD Daily Analysis – September 5, 2016
GBPUSD continued its upward movement from 1.2865, and the rise extended to as high as 1.3375. Further rise to test 1.3480 (Jul 15 high) resistance is possible. Near term support is at 1.3215, a breakdown below this...
EURUSD Daily Analysis – September 5, 2016
EURUSD remains in downtrend from 1.1366, the bounce from 1.1123 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.1000 area. Near term resistance is at 1.1251,...
GBPJPY Long-Term Reversal (Sep 05, 2016)
GBPJPY could be due for a long-term reversal, as price formed a double bottom pattern on its 4-hour chart. The pair failed in its last two attempts to break below the 129.00 area and is on its...
USD/JPY Forecast September 5, 2016, Technical Analysis
The US dollar initially fell against the Japanese yen but then turn right back around to form a fairly strong green candle. What’s most impressive about the candle is that we broke above the top of the...