AUD/USD Forecast March 6, 2017, Technical Analysis
The AUD/USD pair fell a bit during the day on Friday but found a bit of support at the 0.7550 level. The market has massive support at the 0.75 level as well, so I believe that it’s...
Month: March 2017
GBPUSD Daily Analysis – March 6, 2017
GBPUSD remains in downtrend from 1.2569, the rise from 1.2214 is likely consolidation of the downtrend. Resistance is at 1.2360, as long as this level holds, the downtrend could be expected to continue and next target would...
EURUSD Daily Analysis – March 6, 2017
EURUSD failed to break below 1.0493 support and is now facing the channel resistance. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from...
AUDUSD Daily Analysis – March 6, 2017
AUDUSD’s downward movement from 0.7740 extended to as low as 0.7542. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7620, as long as this level...
USDJPY Daily Analysis – March 6, 2017
USDJPY failed to break above 114.95 resistance, indicating that lengthier sideways consolidation in a range between 111.59 and 114.95 is underway. Another fall to test 111.59 support could be seen in a couple of days.
USDCAD Daily Analysis – March 6, 2017
USDCAD continued its upward movement from 1.3009, and the rise extended to as high as 1.3436. Further rise could be expected after a minor consolidation and next target would be at 1.3500 zone.
USDCAD Weekly Analysis – March 5, 2017
USDCAD broke above 1.3387 resistance, indicating that the long term uptrend from 1.2460 (May 3, 2016 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area....
USDJPY Weekly Analysis – March 5, 2017
USDJPY formed a sideways consolidation in a range between 111.58 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.66, and further decline to 110.00 area...
AUDUSD Weekly Analysis – March 5, 2017
AUDUSD failed to break above 0.7778 resistance and pulled back from 1.0340, indicating that the upward movement from 0.7158 had completed. Further decline would likely be seen in a couple of weeks, and the target would be...
GBPUSD Weekly Analysis – March 5, 2017
GBPUSD moved sideways in a range between 1.1946 and 1.2774 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.5016. Further decline could be expected after consolidation and next target would be at...