USDCAD Weekly Analysis – May 27, 2017
USDCAD is facing the support of the bottom trend line of the price channel on the daily chart. A clear break out of the channel support will indicate that the upside movement from 1.2968 had completed at...
Category: Long Term Forex Analysis
USDJPY Weekly Analysis – May 27, 2017
USDJPY remains in uptrend from 108.13, the fall from 114.36 is likely correction of the uptrend. Another rise to test 115.50 key resistance is possible in a couple of weeks, and a break of this level will...
AUDUSD Weekly Analysis – May 27, 2017
AUDUSD broke above the resistance of the bearish trend line on its daily chart, indicating that the downside movement from 0.7749 had completed at 0.7328 already. Further rally is possible over the next several weeks and next...
GBPUSD Weekly Analysis – May 27, 2017
GBPUSD moved below the rising trend line support at 1.2820 on its daily chart and is now facing the 1.2756 key support. A breakdown below this level will confirm that the bullish movement from 1.2109 had completed...
EURUSD Weekly Analysis – May 27, 2017
EURUSD remains in uptrend from 1.0569, the fall from 1.1268 could be treated as consolidation of the uptrend. Near term support is at the rising trend line on daily chart. As long as the trend line support...
USDCAD Weekly Analysis – May 20, 2017
Under pressure by the top of the price channel on daily chart, USDCAD pulled back from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected in a couple of weeks and...
USDJPY Weekly Analysis – May 20, 2017
USDJPY is now in uptrend from 108.13, the fall from 114.36 is treated as correction of the uptrend. Another rise could be expected after the correction and next target would be at 117.50 area. Support levels are...
AUDUSD Weekly Analysis – May 20, 2017
AUDUSD is facing the resistance of the descending trend line on daily chart. A clear break above the trend line will indicate that the bearish movement from 0.7749 had completed at 0.7328 already, then further rally to...
GBPUSD Weekly Analysis – May 20, 2017
GBPUSD stays above the ascending trend line on daily chart, suggesting that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the upward movement could be expected to continue, and next...
EURUSD Weekly Analysis – May 20, 2017
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1211. Support is at the ascending trend line on daily chart. As long as the pair is above the trend line, the...