After touching 1.2916 resistance, USDCAD pulled back from 1.2920 and continued its sideways movement above 1.2623 key support. As long as 1.2623 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2061, and another rise towards 1.3200 is still possible after the consolidation. On the…
Source: USDCAD Weekly Analysis – December 24, 2017
Month: December 2017
USDJPY Weekly Analysis – December 24, 2017
USDJPY continued its sideways movement in a trading range between 110.84 and 114.73. The sideways movement is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the uptrend could be expected to resume, and a breakout of 15.50 resistance could trigger further bullish movement towards 118.66…
Source: USDJPY Weekly Analysis – December 24, 2017
AUDUSD Weekly Analysis – December 24, 2017
AUDUSD is now facing 0.7729 resistance. A breakout of this level will confirm that the downside movement from 0.8124 had completed at 0.7501 already, then further rally towards 0.7897 resistance could be seen. Support levels are at 0.7580 and 0.7501, only break below these levels could take price back towards…
Source: AUDUSD Weekly Analysis – December 24, 2017
GBPUSD Weekly Analysis – December 24, 2017
GBPUSD stays above a bullish support trend line on the daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 7, 2016 low). As long as the trend line support holds, the price action from 1.3657 could be treated as consolidation of the uptrend. A breakout of…
Source: GBPUSD Weekly Analysis – December 24, 2017
EURUSD Weekly Analysis – December 24, 2017
EURUSD continued its sideways movement in a trading range between 1.1554 and 1.2092. The sideways move is likely consolidation of the uptrend from 1.0340 (Jan 3 low). As long as 1.1554 support holds, the uptrend could be expected to resume and another rise is still possible after the consolidation. Near…
Source: EURUSD Weekly Analysis – December 24, 2017
USDCAD Daily Analysis – December 21, 2017
USDCAD broke below 1.2835 support, indicating that the short term uptrend from 1.2623 had completed at 1.2920 already. Deeper decline towards 1.2713 support could be expected in the coming days. A breakdown below this level could trigger further downside movement towards 1.2623. Resistance is at 1.2920, only break above this…
Source: USDCAD Daily Analysis – December 21, 2017
USDJPY Daily Analysis – December 21, 2017
USDJPY is now facing 113.75 resistance. A breakout of this level could trigger further upside movement towards 114.73. Support level are at 112.75 and 112.03, only break below these levels could take price back towards 110.84.
Source: USDJPY Daily Analysis – December 21, 2017
AUDUSD Daily Analysis – December 21, 2017
AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area. On the downside, a breakdown below 0.7635 support could bring price back to next support…
Source: AUDUSD Daily Analysis – December 21, 2017
GBPUSD Daily Analysis – December 21, 2017
GBPUSD stays in a trading range between 1.3301 and 1.3466. The price action in the range is likely consolidation of the downtrend from 1.3549 and another fall could be expected after the consolidation. Near term support is at 1.3301, a breakdown below this level could take price to next support…
Source: GBPUSD Daily Analysis – December 21, 2017
EURUSD Daily Analysis – December 21, 2017
EURUSD broke above 1.1862 resistance, indicating that the downside movement from 1.1961 had completed at 1.1717 already. Further rise could be expected and next target would be at 1.1961 resistance. A breakout of this level would aim 1.2092 (Sep 8 high). Near term support is at 1.1825, only a breakdown…
Source: EURUSD Daily Analysis – December 21, 2017