EURUSD Daily Analysis – March 22, 2017
EURUSD continued its upward movement from 1.0494 and the rise extended to as high as 1.0819. Further rise is still possible and next target would be at 1.0900 area. Support is located at the bottom of the...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – March 21, 2017
USDCAD stays in the descending price channel on 4-hours chart and remains in downtrend from 1.3535. As long as the channel resistance holds, the rise from 1.3276 could be treated as consolidation of the downtrend, and further...
USDJPY Daily Analysis – March 21, 2017
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 112.26. Resistance is located at the top of the price channel on 4-hours chart. As long as the channel resistance holds, the...
AUDUSD Daily Analysis – March 21, 2017
AUDUSD broke above 0.7740 resistance. Further rise is still possible in a couple of days and next target would be at 0.7800 area. Key support is at 0.7663, only break below this level will indicate that the...
GBPUSD Daily Analysis – March 21, 2017
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2435. Further rise is still possibly after a minor consolidation and next target would be at 1.2500 area. Support is now at 1.2324, only break below this...
EURUSD Daily Analysis – March 21, 2017
EURUSD stays in the rising price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair stays in the channel, the uptrend could be expected to continue, and next target would be...
USDCAD Daily Analysis – March 20, 2017
USDCAD remains in downtrend from 1.3535, the rise from 1.3276 could be treated as consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hours chart, and the key resistance is...
USDJPY Daily Analysis – March 20, 2017
USDJPY’s downward movement from 115.50 extended to as low as 112.47. As long as the pair stays in the downward price channel on 4-hours chart, the downtrend could be expected to continue and further decline to test...
AUDUSD Daily Analysis – March 20, 2017
AUDUSD broke above 0.7719 resistance, indicating that the uptrend from 0.7490 has resumed. Further rise could be expected and next target would be at 0.7800 area. Support is at now at 0.7663, as long as this level...
GBPUSD Daily Analysis – March 20, 2017
GBPUSD stays above the rising trend line on 4-hours chart and remains in uptrend from 1.2109. As long as the pair stays above the trend line, the uptrend could be expected to continue, and next target would...