USDCAD extended its upside movement from 1.2450 to as high as 1.2848. Further rise is still possible after a minor consolidation and next target would be at 1.2900 area. Support is located at the bullish trend line on the 4-hour chart, only a clear break below the trend line support…
Source: USDCAD Daily Analysis – March 1, 2018
Month: February 2018
USDJPY Daily Analysis – March 1, 2018
USDJPY is in consolidation for the downtrend from 113.75 (Dec 12, 2017 low). Sideways movement in a trading range between 105.54 and 107.90 would likely be seen over the next several days. As long as 107.90 resistance holds, another fall towards 103.00 is still possible and a breakdown below 105.54…
Source: USDJPY Daily Analysis – March 1, 2018
AUDUSD Daily Analysis – March 1, 2018
AUDUSD extended its downside movement from 0.7988 to as low as 0.7717. Further decline is still possible and next target would be at 0.7600 area. Near term resistance is located at the falling trend line on the 4-hour chart. Only a clear break above the trend line resistance could signal…
Source: AUDUSD Daily Analysis – March 1, 2018
GBPUSD Daily Analysis – March 1, 2018
GBPUSD continued its downside movement from 1.4144 and the fall extended to as low as 1.3742, breaking below 1.3764 major support. Further decline could be expected over the next several days and next target would be at 1.3450 – 1.3500 area. Resistance levels are at 1.3800 and 1.3840, only break…
Source: GBPUSD Daily Analysis – March 1, 2018
EURUSD Daily Analysis – March 1, 2018
EURUSD extended its downside movement from 1.2555 to as low as 1.2183, facing the support level at 1.2165. Further decline would likely be seen and a breakdown below 1.2165 support could take price to 1.2000 area. Near term resistance is at 1.2245, only break above this level could bring price…
Source: EURUSD Daily Analysis – March 1, 2018
USDCAD Daily Analysis – February 28, 2018
USDCAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below this level could bring price back to 1.2500 area.
Source: USDCAD Daily Analysis – February 28, 2018
USDJPY Daily Analysis – February 28, 2018
USDJPY broke above the top trend line of the price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 113.75 (Dec 12, 2017 low) is needed. Range trading between 105.54 and 107.90 would likely be seen over the next several days. However, as long as 107.90…
Source: USDJPY Daily Analysis – February 28, 2018
AUDUSD Daily Analysis – February 28, 2018
AUDUSD broke below 0.7790 support, indicating that the downtrend from 0.7988 has resumed. Further decline would likely be seen in the coming days and next target would be at 0.7700 area. Near term resistance is at 0.7830, only break above this level could bring price back to test 0.7893 key…
Source: AUDUSD Daily Analysis – February 28, 2018
GBPUSD Daily Analysis – February 28, 2018
GBPUSD is facing 1.3856 support. A breakdown below this level would indicate that the downtrend from 1.4144 has resumed, then deeper decline to test 1.3764 support could be seen. Below this level could trigger further downside movement towards 1.3700. Resistance levels are at 1.3995 and 1.4069, only break above these…
Source: GBPUSD Daily Analysis – February 28, 2018
EURUSD Daily Analysis – February 28, 2018
EURUSD broke below 1.2259 support and extended its downside movement from 1.2555 to as low as 1.2221. Further decline is still possible and next target would be at 1.2165 support. Resistance levels are at 1.2300 and 1.2360, only break above these levels could signal completion of the downtrend.
Source: EURUSD Daily Analysis – February 28, 2018