EURUSD Daily Analysis – July 18, 2017
EURUSD is facing 1.1489 resistance, a break out of this level will signal resumption of the uptrend from 1.1118, then next target would be at 1.1600 area. Near term support is at 1.1370 and the key support...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 17, 2017
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2639. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is now at 1.2770, only a break above...
USDJPY Daily Analysis – July 17, 2017
USDJPY broke below 112.74 key support, indicating that the upside movement from 108.81 had completed at 114.49 already. Deeper decline is possible and next target would be at 111.50 area. Resistance is at 113.10, followed by 113.60,...
AUDUSD Daily Analysis – July 17, 2017
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7834. Near term support is at 0.7790, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8000...
GBPUSD Daily Analysis – July 17, 2017
After breaking above the falling trend line on the 4-hour chart, GBPUSD continued to break above 1.3029 resistance, confirming that the uptrend from 1.2589 has resumed. Further rise could be expected after a minor consolidation and next...
EURUSD Daily Analysis – July 17, 2017
EURUSD remains in uptrend from 1.1118, the price action from 1.1445 could be treated as consolidation of the uptrend. As long as 1.1312 key support holds, the uptrend could be expected to continue and further rise towards...
USDCAD Daily Analysis – July 14, 2017
USDCAD remains in downtrend from 1.3347, the rise from 1.2680 could be treated as consolidation of the downtrend. Range trading between 1.2680 and 1.2820 would likely be seen in a couple of days. Near term resistance is...
USDJPY Daily Analysis – July 14, 2017
USDJPY failed to break below 112.74 key support and rebounded to 113.57. However, another fall to retest 112.74 support is still possible, a breakdown below this level will indicate that the uptrend from 108.81 had completed at...
AUDUSD Daily Analysis – July 14, 2017
AUDUSD broke above 0.7712 resistance, suggesting that the uptrend from 0.7328 (May 9 low) has resumed. Further rise is possible in a couple of days and next target would be at 0.7800 area. Support level is now...
GBPUSD Daily Analysis – July 14, 2017
GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.3029 had completed at 1.2811 already. Further rise to test 1.3029 resistance could be seen and a break of...