EURGBP Range Support (Nov 30, 2017)
EURGBP has been on the decline but could be due for a bounce once it tests the range support near the .8750 minor psychological level. Stochastic is on the move down to show that selling pressure is...
Month: November 2017
USDCAD Daily Analysis – November 30, 2017
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then...
USDJPY Daily Analysis – November 30, 2017
USDJPY broke above 111.69 resistance, indicating that the downtrend from 114.73 had completed at 110.84 already. Further rally would likely be seen, and next target would be at 112.71. Support is now at 111.69, only a breakdown...
AUDUSD Daily Analysis – November 30, 2017
AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be...
GBPUSD Daily Analysis – November 30, 2017
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3448, breaking above the top trend line of the price channel on the 4-hour chart, facing a bearish trend line on the weekly chart. Breakthrough here could...
EURUSD Daily Analysis – November 30, 2017
EURUSD is facing the support of the rising trend line from 1.1554 to 1.1712 on the 4-hour chart. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the...
GBPJPY Failed To Break Below 146.93 Support
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation...
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USD/JPY Price Forecast November 29, 2017, Technical Analysis
The US dollar rallied slightly against the Japanese yen during the trading session on Tuesday, reaching towards the 111.50 level. I think there is a significant amount of resistance between here and the 112 level, and it’s...
USD/CAD Price Forecast November 29, 2017, Technical Analysis
The US dollar went sideways initially on Tuesday, but then shot towards the 1.28 handle above, finally breaking out above that level slightly. Ultimately though, the market looks likely to pull back from here a bit though,...