EURUSD Daily Analysis – July 21, 2017
After consolidation, EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1657. Near term support is at the rising trend line on the 4-hour chart. As long as the pair is...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – July 20, 2017
USDCAD is facing an important support level at 1.2460 (May 2016 low). Near term resistance is at 1.2701, a break above this level could take price to the key resistance at 1.2770 a break of this level...
USDJPY Daily Analysis – July 20, 2017
USDJPY is facing the resistance of the descending trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend from 114.49 could be expected to continue and next target would be at...
AUDUSD Daily Analysis – July 20, 2017
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend....
GBPUSD Daily Analysis – July 20, 2017
GBPUSD failed to break above the top resistance trend line of the price channel on the weekly chart, and pulled back from 1.3125. Further decline would likely be seen over the next several days and the target...
EURUSD Daily Analysis – July 20, 2017
EURUSD remains in uptrend from 1.1118, the fall from 1.1583 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1700. Key support is located at the...
USDCAD Daily Analysis – July 19, 2017
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2580, facing an important support level at 1.2460 (May 2016 low). The first resistance level is at 1.2701, as long as this level holds, the bearish movement...
USDJPY Daily Analysis – July 19, 2017
USDJPY continued its bearish movement from 114.49 and extended its fall to 111.68. Further decline is still possible after a minor consolidation and next target would be at 111.00 area. Near term resistance is at the descending...
AUDUSD Daily Analysis – July 19, 2017
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7942. Support is now located at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the uptrend could...
GBPUSD Daily Analysis – July 19, 2017
Under pressure by the top resistance trend line of the price channel on the weekly chart, GBPUSD pulled back from 1.3125, indicating that the short term uptrend from 1.2811 is complete. Deeper decline could be expected over...