USDCAD Weekly Analysis – June 25, 2017
USDCAD stays below the bearish trend line on its daily chart, indicating that the pair remains in the downtrend from 1.3793. As long as the pair is below the trend line, the downtrend could be expected to...
Category: Long Term Forex Analysis
USDJPY Weekly Analysis – June 25, 2017
USDJPY is now in uptrend from 108.81. Further rise to test 112.12 resistance could be expected next week. A break of this level could trigger another rise to retest the key resistance level at 115.50. Support is...
AUDUSD Weekly Analysis – June 25, 2017
AUDUSD remains in uptrend from 0.7328, the pullback from 0.7635 is likely consolidation of the uptrend. Near term support is at 0.7519, as long as this level holds, the uptrend could be expected to continue and next...
GBPUSD Weekly Analysis – June 25, 2017
GBPUSD is now in downtrend from 1.3047 and the downward movement extended to as low as 1.2589. Further decline could be expected in a couple of weeks and next target would be at 1.2300 area. Near term...
EURUSD Weekly Analysis – June 25, 2017
EURUSD is forming a sideways movement in a trading range between 1.1070 and 1.1295. Key support is at 1.1070, as long as this level holds, the price action in the trading range could be treated as consolidation...
USDCAD Weekly Analysis – June 17, 2017
USDCAD broke below the bottom trend line of the bullish price channel on its daily chart, indicating that the uptrend from 1.2968 had completed at 1.3793 already. The pair is now in downtrend, as long as the...
USDJPY Weekly Analysis – June 17, 2017
USDJPY failed to break below 108.13 support and rebounded from 108.81, indicating that the correction pullback from 114.36 is complete. Further rally to test 112.12 resistance could be expected, a break through this level could trigger another...
AUDUSD Weekly Analysis – June 17, 2017
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7635. The uptrend could be expected to continue and next target would be at 0.8000 area. Near term support is at 0.7500,...
GBPUSD Weekly Analysis – June 17, 2017
GBPUSD broke below 1.2755 support and is now in downtrend from 1.3047. Further decline would likely be seen over the next several weeks, and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...
EURUSD Weekly Analysis – June 17, 2017
EURUSD broke below the rising trend line on the daily chart. However, as long as the pair is above 1.1070 support, the fall from 1.1295 could be treated as consolidation of the uptrend from 1.0569, and another...