EURUSD Daily Analysis – May 17, 2017
EURUSD moved above 1.1021 resistance and reached as high as 1.1097. Further rise is still possible in a couple of days and next target would be at 1.1250 area. Near term support is at 1.1000, as long...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – May 16, 2017
USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at...
USDJPY Daily Analysis – May 16, 2017
USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be...
AUDUSD Daily Analysis – May 16, 2017
AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line...
GBPUSD Daily Analysis – May 16, 2017
GBPUSD failed to break below 1.2831 support and moved sideways in a trading range between 1.2831 and 1.2988. As long as 1.2831 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2365,...
EURUSD Daily Analysis – May 16, 2017
EURUSD is facing 1.1021 resistance. A break of this level will indicate that the uptrend from 1.0569 has resumed, then next target would be at 1.1100 area. On the downside, as long as 1.1021 resistance holds, the...
USDCAD Daily Analysis – May 15, 2017
USDCAD stays in a trading range between 1.3641 and 1.3793. Another fall to test 1.3641 support would likely be seen and a breakdown below this level will confirm that the upward movement from 1.3223 had completed at...
USDJPY Daily Analysis – May 15, 2017
USDJPY is facing the support of the bottom of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 114.36 could be treated as consolidation of the uptrend from 108.13...
AUDUSD Daily Analysis – May 15, 2017
AUDUSD is facing 0.7426 key resistance. As long as this level holds, the rise from 0.7328 could be treated as consolidation of the downtrend from 0.7610 and further decline to 0.7250 area could be expected after the...
GBPUSD Daily Analysis – May 15, 2017
GBPUSD is facing the support of 1.2831. As long as this level holds, the fall from 1.2988 could be treated as consolidation of the uptrend from 1.2365 and further rise to 1.3100 area is still possible after...