USDJPY Daily Analysis – October 24, 2017
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 111.65. As long as the price is above the trend line, the fall from 114.09 could be treated as consolidation...
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AUDUSD Daily Analysis – October 24, 2017
AUDUSD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around...
GBPUSD Daily Analysis – October 24, 2017
GBPUSD is facing 1.3228 resistance, above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then further rally could be seen and next target would be at 1.3337 resistance. However, as...
EURUSD Daily Analysis – October 24, 2017
EURUSD extended its downside movement from 1.1879 to as low as 1.1725, breaking below 1.1730 support. Deeper decline to test 1.1662 (Aug 17 low) support is still possible, and a breakdown below this level could trigger further...
Why Bitcoin can pullback from $6100 – $6800?
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings...
USDCHF Broke Above Major Bearish Trend Line
USDCHF extended its upside movement from 0.9420 to as high as 0.9863, breaking above a major bearish trend line on the daily chart, confirming that the downtrend from 1.0343 had completed at 0.9420 already. On the upside...
USDCAD Daily Analysis – October 23, 2017
After a sideways consolidation, USDCAD broke out of 1.2598 resistance and continued its upside movement from 1.2061, and the rise extended to as high as 1.2640. The key support remains at 1.2433, as long as this level...
USDJPY Daily Analysis – October 23, 2017
USDJPY broke above 113.43 resistance and reached as high as 114.09. Further rise could be expected and next target would be at 114.50 area. Near term support is at 113.20, followed by the rising trend line on...
AUDUSD Daily Analysis – October 23, 2017
AUDUSD broke below the rising trend line on the 4-hour chart, indicating that the short term uptrend from 0.7732 had completed at 0.7897 already. Further decline could be expected in the coming days and next target would...
GBPUSD Daily Analysis – October 23, 2017
GBPUSD extended its downside movement from 1.3337 to as low as 1.3087, breaking below a support level at 1.3121. Further decline towards the major support trend line on the daily chart is possible in the coming days....