USDCAD
USDCAD is in down trend. The fall from 0.9824 extended to as low as 0.9418 level, and the rise from 0.9418 is treated as consolidation to the down trend. Further fall towards 0.9200 is still possible after consolidation. Near term resistance is at 0.9573, and as long as this resistance holds, down trend will continue.

(more…)

EURUSD is in up trend. The rise from 1.3360 extended to as high as 1.4503. Near term resistance is at price channel on weekly chart, now at 1.4550, if gives way, further rise towards 1.4600 can be seen in the next several days. Near term support is at the up trend line from 1.3550 to 1.4125, and as long as the trend line support holds, up trend will continue. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.5000 to reach the next cycle top on weekly chart can be seen.

Please click the following links for more short term and long term forex analysis.

USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD

Sponsors
Forex Articles
Forex Reviews
Powerful Profit System

Want to be sponsor