AUDUSD Daily Analysis – December 9, 2016
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend from 0.7369 could be expected to continue, and next target would be at 0.7600...
Category: Short Term Forex Analysis
GBPUSD Daily Analysis – December 9, 2016
GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 1.2302 had completed at 1.2774 already. Deeper decline could be expected in a couple of days, and next target...
EURUSD Daily Analysis – December 9, 2016
EURUSD’s upward movement from 1.0505 had completed at 1.0873 already. The pair is now in downtrend, deeper decline to test 1.0462 (Mar 13, 2015 low) support is possible. Near term resistance is at 1.0700, only break above...
USDCAD Daily Analysis – December 8, 2016
USDCAD continued its downward movement from 1.3588 and the fall extended to as low as 1.3213. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3355,...
AUDUSD Daily Analysis – December 8, 2016
AUDUSD broke above 0.7497 resistance, indicating that the uptrend from 0.7310 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.7600 zone. Support is at the upward trend...
GBPUSD Daily Analysis – December 8, 2016
GBPUSD is facing the support of the upward price channel on 4-hour chart. As long as the channel support holds, the fall from 1.2774 could be treated as consolidation of the uptrend from 1.2302 and further rise...
AUDUSD Daily Analysis – December 7, 2016
AUDUSD failed to break above 0.7497 resistance. Another fall to test 0.7310 support would likely be seen in a couple of days, a breakdown below this level will confirm that the longer term downtrend from 0.7778 has...
GBPUSD Daily Analysis – December 7, 2016
GBPUSD remains in uptrend from 1.2302, the fall from 1.2774 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend...
EURUSD Daily Analysis – December 7, 2016
EURUSD remains in uptrend from 1.0505, the fall from 1.0796 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.0900 area. Support is at 1.0600, only break...
USDCAD Daily Analysis – December 6, 2016
USDCAD’s downward movement from 1.3588 extended to as low as 1.3235. Further decline is still possible, and next target would be at 1.3100 area. Resistance levels are at 1.3360 and 1.3390, only break above these levels will...