USDCAD Weekly Analysis – July 8, 2017
USDCAD stays below a bearish trend line on its daily chart and remains in downtrend from 1.3793 and the price extended to as low as 1.2859. As long as the trend line resistance holds, the downtrend could...
Category: Long Term Forex Analysis
USDJPY Weekly Analysis – July 8, 2017
USDJPY’s upward movement from 108.81 extended to as high as 114.17. Further rise to retest 115.50 resistance could be expected next week. Above this level will indicate that the long term uptrend from 98.97 (Jun 24, 2016...
AUDUSD Weekly Analysis – July 8, 2017
Under pressure by 0.7749 resistance, AUDUSD pulled back from 0.7712. However, as long as the price is above 0.7535 key support, the pullback could be treated as consolidation of the uptrend from 0.7328 and another rise towards...
GBPUSD Weekly Analysis – July 8, 2017
GBPUSD failed to break above 1.3047 resistance and pulled back from 1.3029, indicating that a short term top had been formed. Deeper decline would likely be seen in a couple of weeks and next target would be...
EURUSD Weekly Analysis – July 8, 2017
EURUSD stays above a bullish trend line on its daily chart and remains in uptrend from 1.0340. As long as the pair is above the trend line, the uptrend could be expected to continue. There is a...
USDCAD Weekly Analysis – July 2, 2017
USDCAD’s bearish movement from 1.3793 extended to as low as 1.2946, breaking below 1.2968 (Jan 31 low) key support. As long as the pair is below the descending trend line on its daily chart, the downtrend could...
USDJPY Weekly Analysis – July 2, 2017
USDJPY is now in uptrend from 108.81. Further rise to retest 115.50 key resistance is possible in the coming days. A break of this level will signal resumption of the long term uptrend from 98.87 (Jun 24,...
AUDUSD Weekly Analysis – July 2, 2017
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7712, facing the resistance of 0.7749. A break of this level will confirm that the longer term uptrend from 0.7158 has resumed,...
GBPUSD Weekly Analysis – July 2, 2017
GBPUSD broke above 1.2870 resistance and is now facing 1.3047 resistance. A break of this level will confirm that the upward movement from 1.1987 has resumed, then next target would be at around 1.3200, followed by 1.3950....
EURUSD Weekly Analysis – July 2, 2017
EURUSD’s bullish movement from 1.0340 extended to as high as 1.1445, facing the 1.1450 key resistance. A clear break above this level will trigger a long term bullish movement towards 1.2700. Near term support is at the...