Gold Price Is Facing Trend Line Support
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to...
Month: September 2017
EURGBP Resistance Turned Support (Sep 18, 2017)
EURGBP sold off sharply from its previous rally to the .9300 region, pulling back to an area of interest around the .8700 to .8800 levels. This lines up with the 50% to 61.8% Fibs, which could hold...
USDCAD Daily Analysis – September 18, 2017
USDCAD remains in downtrend from 1.2778, the bounce from 1.2061 is likely consolidation of the downtrend. Near term resistance is at 1.2300, followed by the bearish trend line on the daily chart now at 1.2480. Further decline...
USDJPY Daily Analysis – September 18, 2017
USDJPY is now in uptrend from 107.31. Further rise could be expected in the coming days and next target would be at 112.50 area. Near term support is at 109.54, only a breakdown below this level would...
AUDUSD Daily Analysis – September 18, 2017
AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of...
GBPUSD Daily Analysis – September 18, 2017
GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next...
EURUSD Daily Analysis – September 18, 2017
EURUSD broke above the descending trend line on its 4-hour chart, indicating that the short term downtrend from 1.2092 had completed at 1.1837 already. Further rally could be expected and next target would be at 1.2092 previous...
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USDCAD Weekly Analysis – September 17, 2017
USDCAD stays below a bearish trend line on its daily chart and remains in the downtrend from 1.3793. As long as the price is below the trend line, the downtrend could be expected to continue and next...
USDJPY Weekly Analysis – September 17, 2017
USDJPY broke above 110.94 resistance, indicating that the downside movement from 114.49 had completed at 107.31 already. Further rally could be expected in a couple of weeks and next target would be at 114.00 area. Support levels...