USDCAD Daily Analysis – February 8, 2017
USDCAD broke above 1.3168 resistance, indicating that the downtrend from 1.3387 had completed at 1.2968 already. Further rise could be expected in a couple of days, and the target would be at 1.3300 area.
Category: Short Term Forex Analysis
USDJPY Daily Analysis – February 8, 2017
USDJPY remains in downtrend from 118.66 (Dec 15, 2016 high). Further fall is still possible after a minor consolidation, and next target would be at 110.00 area. There is a downward trend line on 4-hour chart, which...
AUDUSD Daily Analysis – February 8, 2017
AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7695 is likely consolidation of the uptrend. Range trading between 0.7570 and 0.7695 would likely be seen in a couple of days and further...
GBPUSD Daily Analysis – February 8, 2017
GBPUSD broke below 1.2412 support, indicating that the uptrend from 1.1986 had completed at 1.2706 already. The pair is now in downtrend, further decline could be expected over the next several days, and next target would be...
EURUSD Daily Analysis – February 8, 2017
EURUSD broke below the bottom of the price channel on 4-hour chart. However, as long as the pair is above 1.0620 support, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and...
USDCAD Daily Analysis – February 7, 2017
USDCAD remains in downtrend from 1.3387, the rise from 1.2968 is likely consolidation of the downtrend. Resistance is at 1.3168, as long as the pair stays below this level, the downtrend could be expected to resume, and...
USDJPY Daily Analysis – February 7, 2017
USDJPY’s downward movement from 118.66 (Dec 15, 2016 high) extended to as low as 111.59. Near term resistance is at 113.95, as long as this level holds, the downtrend could be expected to continue, and next target...
GBPUSD Daily Analysis – February 7, 2017
GBPUSD is testing 1.2412 support. As long as this level holds, the price action from 1.2673 could be treated as consolidation of the uptrend from 1.1986, and further rise to 1.2900 area is still possible. However, a...
EURUSD Daily Analysis – February 7, 2017
EURUSD is facing the support of the price channel on 4-hour chart. As long as the pair stays in the channel, the uptrend from 1.0340 could be expected to continue, and further rise to 1.0900 area is...
USDCAD Daily Analysis – February 6, 2017
USDCAD moved sideways in a range between 1.2968 and 1.3102. Further decline could be expected as long as the pair is below 1.3102 resistance, and next target would be at 1.2800 area. Key resistance is at 1.3168,...