USDCAD Daily Analysis – May 1, 2017 Forex Analysis

USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 1.3800 area. Near term support is at the bottom of the channel and the key support … Continue reading "USDCAD Daily Analysis – May 1, 2017"

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USDJPY Daily Analysis – May 1, 2017 Forex Analysis

USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Further rise could be expected after consolidation and next target would be at 113.00 area. Support is located at the bottom of the channel. Only a clear break below the channel support could signal completion of the uptrend.

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AUDUSD Daily Analysis – May 1, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7610, the rise from 0.7439 is likely consolidation of the downtrend. Resistance is at 0.7540, as long as this level holds, the downward movement could be expected to continue, and next target would be at 0.7400 area. Only break above 0.7540 resistance could signal completion of the downtrend.

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GBPUSD Daily Analysis – May 1, 2017 Forex Analysis

GBPUSD’s upward movement from 1.2756 extended to as high as 1.2965. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the upward movement could be expected to continue and next target would be at 1.3100 area. On the downside, a clear break below the channel … Continue reading "GBPUSD Daily Analysis – May 1, 2017"

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EURUSD Daily Analysis – May 1, 2017 Forex Analysis

EURUSD continued its sideways movement in a range between 1.0820 and 1.0950. Support is at 1.0820. As long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 and further rise to 1.1000 area could be expected after the sideways movement. On the downside, a … Continue reading "EURUSD Daily Analysis – May 1, 2017"

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USDCAD Daily Analysis – April 28, 2017 Forex Analysis

USDCAD’s upward movement from 1.3223 extended to as high as 1.3670. Further rise is still possible in a couple of days and next target would be at 1.3800 area. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

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USDJPY Daily Analysis – April 28, 2017 Forex Analysis

USDJPY remains in uptrend from 108.13, the fall from 111.77 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue, and next target would be at 113.00 area. Only … Continue reading "USDJPY Daily Analysis – April 28, 2017"

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AUDUSD Daily Analysis – April 28, 2017 Forex Analysis

AUDUSD’s downward movement from 0.7749 extended to as low as 0.7439. Further decline could be expected in a couple of days and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis – April 28, 2017 Forex Analysis

GBPUSD broke above 1.2904 resistance, indicating that the uptrend from 1.2365 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.3000 area. Key support is located at the ascending trend line on 4-hour chart, only a clear break below the trend line support could signal completion … Continue reading "GBPUSD Daily Analysis – April 28, 2017"

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EURUSD Daily Analysis – April 28, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.0820 and 1.0950. As long as 1.0820 support holds, the sideways move could be treated as consolidation of the uptrend from 1.0569, and another rise to 1.1000 area could be expected after the consolidation. Key support is located at the ascending trend line on 4-hour chart, only … Continue reading "EURUSD Daily Analysis – April 28, 2017"

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USDCAD Daily Analysis – April 27, 2017 Forex Analysis

USDCAD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3647 could be treated as consolidation of the uptrend, and further rise to 1.3700 area is possible after the consolidation. Near term support is at the bottom … Continue reading "USDCAD Daily Analysis – April 27, 2017"

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USDJPY Daily Analysis – April 27, 2017 Forex Analysis

USDJPY continued its upward movement from 108.13 and the rise extended to as high as 111.77. Support is at 110.50, as long as this level holds, the uptrend could be expected to continue and next target would be at 113.00 area. Key support is at 110.00, only break below this level could signal completion of … Continue reading "USDJPY Daily Analysis – April 27, 2017"

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AUDUSD Daily Analysis – April 27, 2017 Forex Analysis

AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis – April 27, 2017 Forex Analysis

GBPUSD continued its sideways movement in a trading range between 1.2756 and 1.2904. Support is at 1.2700, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3000 area.

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EURUSD Daily Analysis – April 27, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.0950 could be treated as consolidation of the uptrend. Support is at 1.0820, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1000 area.

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USDCAD Daily Analysis – April 26, 2017 Forex Analysis

USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would be at 1.3700 area. Key support is at 1.3410, only break below this level could signal completion of … Continue reading "USDCAD Daily Analysis – April 26, 2017"

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USDJPY Daily Analysis – April 26, 2017 Forex Analysis

USDJPY’s upward movement from 108.13 extended to as high as 111.39. Further rise could be expected over the next several days, and next target would be at 112.00 area. Support levels are at 110.50 and 110.00, as long as these levels hold, the uptrend will continue.

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GBPUSD Daily Analysis – April 26, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2756 and 1.2904. Near term support is at 1.2700, as long as this level holds, the price action from 1.2904 could be treated as consolidation of the uptrend from 1.2365, and further rise to 1.3000 area could be expected after the consolidation.

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EURUSD Daily Analysis – April 26, 2017 Forex Analysis

EURUSD’s upward movement from 1.0569 extended to as high as 1.0950. Key support is at 1.0820, as long as the pair is above this level, the uptrend could be expected to continue, and next target would be at 1.1000 area.

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AUDUSD Daily Analysis – April 26, 2017 Forex Analysis

AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400 area. Resistance is at 0.7586, a break of this level will confirm that the downtrend from 0.7749 had … Continue reading "AUDUSD Daily Analysis – April 26, 2017"

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USDCAD Daily Analysis – April 25, 2017 Forex Analysis

USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as long as the pair is above the trend line, the uptrend from 1.3223 will continue. Key support is … Continue reading "USDCAD Daily Analysis – April 25, 2017"

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USDJPY Daily Analysis – April 25, 2017 Forex Analysis

USDJPY stays in a ascending price channel on 4-hour chart and remains in short term uptrend from 108.13. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 112.00 area. On the downside, a clear break below the channel support will indicate … Continue reading "USDJPY Daily Analysis – April 25, 2017"

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AUDUSD Daily Analysis – April 25, 2017 Forex Analysis

AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at the trend line, only a clear break below the trend line support could signal completion of the uptrend.

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GBPUSD Daily Analysis – April 25, 2017 Forex Analysis

No changed in our view, GBPUSD remains in uptrend, the pullback from 1.2904 could be treated as consolidation of the uptrend. Support is at 1.2700, as long as this level holds, the uptrend could be expected to resume, and another rise to 1.3000 could be seen after the consolidation.

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EURUSD Daily Analysis – April 25, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.0918 is likely consolidation of the uptrend. Another rise could be expected after the consolidation and next target would be at 112.00 area. Support is at 1.0775, as long as this level holds, the uptrend will continue. Key support is located at the rising trend line … Continue reading "EURUSD Daily Analysis – April 25, 2017"

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USDCAD Daily Analysis – April 24, 2017 Forex Analysis

Under pressure by 1.3535 resistance, USDCAD pulled back from 1.3525. Support is now located at the bottom of the ascending price channel on 4-hour chart. As long as the pair is in the channel, the upward movement from 1.3223 could be expected to continue, and next target would be at 1.3600 area. Only a clear … Continue reading "USDCAD Daily Analysis – April 24, 2017"

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USDJPY Daily Analysis – April 24, 2017 Forex Analysis

USDJPY broke above the top of the descending price channel on 4-hour chart, indicating that the downward movement from 112.19 had completed at 108.13 already. However, the bounce from 108.13 would possibly be consolidation of the longer term downtrend from 115.50. Range trading between 108.13 and 110.57 would likely be seen over the next several … Continue reading "USDJPY Daily Analysis – April 24, 2017"

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AUDUSD Daily Analysis – April 24, 2017 Forex Analysis

AUDUSD broke above 0.7550 resistance, indicating that the downward movement from 0.7610 had completed at 0.7491 already. The pair is now in uptrend from 0.7491. Further rise could be expected and next target would be at 0.7650 area. Support is at the upward trend line on 4-hour chart, only a clear break below the trend … Continue reading "AUDUSD Daily Analysis – April 24, 2017"

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GBPUSD Daily Analysis – April 24, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365, the fall from 1.2904 is likely consolidation of the uptrend. Support is at 1.2700, as long as this pair is above this level, the uptrend could be expected to continue, and next target would be at 1.3000 area.

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EURUSD Daily Analysis – April 24, 2017 Forex Analysis

EURUSD continued its upward movement and the rise extended to as high as 1.0918. Further rise could be expected after consolidation and next target would be at 112.00 area. Support is at 1.0800, as long as this level holds, the uptrend will continue.

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USDCAD Daily Analysis – April 21, 2017 Forex Analysis

USDCAD’s upward movement from 1.3223 extended to as high as 1.3499. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long as these levels hold, the uptrend will continue.

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USDJPY Daily Analysis – April 21, 2017 Forex Analysis

USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50 area could be seen. On the downside, as long as the channel resistance holds, the rise from 108.13 … Continue reading "USDJPY Daily Analysis – April 21, 2017"

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AUDUSD Daily Analysis – April 21, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend. Further decline to test 0.7473 support is possible, and a breakdown below this level will signal resumption of the downtrend from 0.7749, then next target would be at 0.7300 area. Resistance is at 0.7550, only break above this level … Continue reading "AUDUSD Daily Analysis – April 21, 2017"

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GBPUSD Daily Analysis – April 21, 2017 Forex Analysis

GBPUSD is in consolidation of the uptrend from 1.2365. Range trading between 1.2700 and 1.2904 is possible in a couple of days. As long as the pair is above 1.2700 support, the uptrend could be expected to resume, and further rise to 1.3000 area is still possible after the consolidation.

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EURUSD Daily Analysis – April 21, 2017 Forex Analysis

EURUSD’s upward movement from 1.0569 extended to as high as 1.0777. Near term support is at 1.0699, as long as this level holds, the fall from 1.0777 could be treated as consolidation of the uptrend and further rise to 1.0830 area is still possible after the consolidation. Key support is located at the bottom of … Continue reading "EURUSD Daily Analysis – April 21, 2017"

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USDCAD Daily Analysis – April 20, 2017 Forex Analysis

USDCAD moved above 1.3455 resistance and reached as high as 1.3490. Further rise could be expected after consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long as these levels hold, the uptrend will continue.

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USDJPY Daily Analysis – April 20, 2017 Forex Analysis

USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 107.00 area. On the … Continue reading "USDJPY Daily Analysis – April 20, 2017"

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AUDUSD Daily Analysis – April 20, 2017 Forex Analysis

AUDUSD is facing 0.7473 support, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then the following downward movement could bring price to 0.7300 area. Near term resistance is at 0.7535, only break above this level could trigger another rise towards 0.7650.

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GBPUSD Daily Analysis – April 20, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365, the fall from 1.2904 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.3000 area. Support levels are at 1.2755 and 1.2700, as long as these levels hold, the uptrend will continue.

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EURUSD Daily Analysis – April 20, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.0737 is likely consolidation of the uptrend. Further rise could be expected over the next several days and next target would be at 1.0800 area. Near term support is at 1.0670 and the key support is located at the rising trend line on 4-hour chart, only … Continue reading "EURUSD Daily Analysis – April 20, 2017"

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USDCAD Daily Analysis – April 19, 2017 Forex Analysis

USDCAD’s upward movement from 1.3223 extended to as high as 1.3400. Further rise is still possible and next target would be at 1.3500 area. Support is at 1.3330, as long as this level holds, the uptrend will continue.

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USDJPY Daily Analysis – April 19, 2017 Forex Analysis

USDJPY remains in downtrend from 112.19, the price action from 108.13 is likely consolidation of the downtrend. Resistance is at the top of the price channel on 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue and next target would be at 107.00 area. Only a … Continue reading "USDJPY Daily Analysis – April 19, 2017"

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AUDUSD Daily Analysis – April 19, 2017 Forex Analysis

AUDUSD broke below 0.7535 support, indicating that the upward movement from 0.7473 had completed at 0.7610 already. Deeper decline to test 0.7473 support could be expected, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then further decline to 0.7300 area could be seen.

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GBPUSD Daily Analysis – April 19, 2017 Forex Analysis

GBPUSD continued its upward movement from 1.2365 and the rise extended to as high as 1.2904. Further rise could be expected after consolidation and next target would be at 1.3000 area. Support levels are at 1.2755 and 1.2700, as long as these level holds, the uptrend will continue.

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EURUSD Daily Analysis – April 19, 2017 Forex Analysis

EURUSD broke above 1.0689 resistance, indicating that the downward movement from 1.0905 had completed at 1.0569 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target would be at 1.0800 area. Near term support is at 1.0675, as long as this level holds, the uptrend … Continue reading "EURUSD Daily Analysis – April 19, 2017"

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USDCAD Daily Analysis – April 18, 2017 Forex Analysis

No changed in our view, USDCAD remains in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Further rise could be expected in a couple of days, and next target would be at 1.3440 area. Support is at 1.3250, only break below this level could trigger another fall towards 1.3100.

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USDJPY Daily Analysis – April 18, 2017 Forex Analysis

USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be at 107.00 area. On the upside, a break of 109.40 resistance will indicate that the downtrend had completed … Continue reading "USDJPY Daily Analysis – April 18, 2017"

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AUDUSD Daily Analysis – April 18, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7473, the price action from 0.7595 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 0.7700 area. Support is at 0.7535, only break below this level will indicate that the uptrend had completed at 0.7610 already, then the following … Continue reading "AUDUSD Daily Analysis – April 18, 2017"

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GBPUSD Daily Analysis – April 18, 2017 Forex Analysis

GBPUSD’s rise from 1.2365 extended to as high as 1.2596. Support is now at 1.2500, as long as this level holds, the upward movement could be expected to continue, and next target would be at 1.2650. On the downside, a breakdown below 1.2500 support will indicate that the upward move had completed at 1.2596 already, … Continue reading "GBPUSD Daily Analysis – April 18, 2017"

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EURUSD Daily Analysis – April 18, 2017 Forex Analysis

EURUSD continues its sideways movement in a trading range between 1.0569 and 1.0689. The key resistance is at 1.0689, as long as the pair is below this level, the sideways movement could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area could be expected after the consolidation. However, a … Continue reading "EURUSD Daily Analysis – April 18, 2017"

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USDCAD Daily Analysis – April 17, 2017 Forex Analysis

USDCAD is now in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 1.3400 area. Support levels are at 1.3275 and 1.3223, only break below these levels could bring price back to the downtrend from 1.3455.

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USDJPY Daily Analysis – April 17, 2017 Forex Analysis

USDJPY’s downward movement from 111.57 extended to as low as 108.23. Near term resistance is at 108.90, as long as this level holds, the downtrend could be expected to continue and next target would be at 107.00 area. Key resistance is at 109.40, only break above this level will indicate that the downtrend is complete, … Continue reading "USDJPY Daily Analysis – April 17, 2017"

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AUDUSD Daily Analysis – April 17, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back to the downtrend from 0.7749.

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GBPUSD Daily Analysis – April 17, 2017 Forex Analysis

GBPUSD formed a sideways consolidation in a range between 1.2365 and 1.2573. Resistance is at 1.2573, a break above this level will signal resumption of the uptrend from 1.2109, then next target would be at 1.2650 area. On the downside, as long as 1.2573 resistance holds, the price action in the trading range would possibly … Continue reading "GBPUSD Daily Analysis – April 17, 2017"

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EURUSD Daily Analysis – April 17, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area is still possible after the consolidation. On the upside, a break of 1.0689 resistance will indicate … Continue reading "EURUSD Daily Analysis – April 17, 2017"

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USDCAD Daily Analysis – April 14, 2017 Forex Analysis

USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275 and 1.3223, only break below these levels could bring price back to the downtrend.

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USDJPY Daily Analysis – April 14, 2017 Forex Analysis

USDJPY remains in downtrend from 111.57 and the fall extended to as low as 108.72. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this level holds, the downtrend will continue.

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AUDUSD Daily Analysis – April 14, 2017 Forex Analysis

AUDUSD is now in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back to the downtrend from 0.7749.

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GBPUSD Daily Analysis – April 14, 2017 Forex Analysis

After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365 support is possible in a couple of days. A breakdown below this level will confirm that the downtrend … Continue reading "GBPUSD Daily Analysis – April 14, 2017"

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EURUSD Daily Analysis – April 14, 2017 Forex Analysis

Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be at 1.0500 area. On the upside, as long as 1.0569 support holds, lengthier correction for the downtrend from … Continue reading "EURUSD Daily Analysis – April 14, 2017"

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USDCAD Daily Analysis – April 13, 2017 Forex Analysis

USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 13, 2017 Forex Analysis

USDJPY’s downward movement from 111.57 extended to as low as 108.81. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this level holds, the downtrend will continue.

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AUDUSD Daily Analysis – April 13, 2017 Forex Analysis

AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already. Further rise could be expected and next target would be at 0.7570, followed by 0.7600. Support levels are at 0.7500 and 0.7473, only break below these levels could bring price back to the downtrend.

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GBPUSD Daily Analysis – April 13, 2017 Forex Analysis

GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the price action from 1.2376 would possibly be consolidation of the downtrend from 1.2615, and another fall towards 1.2200 … Continue reading "GBPUSD Daily Analysis – April 13, 2017"

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EURUSD Daily Analysis – April 13, 2017 Forex Analysis

EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0620 and 1.0569, only break below these levels could trigger another fall towards 1.0500.

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USDCAD Daily Analysis – April 12, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3455. Further decline is possible in a couple of days, and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 12, 2017 Forex Analysis

USDJPY broke below 110.11 support and continued its downward movement from 115.50. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Key resistance is now at 111.57, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis – April 12, 2017 Forex Analysis

AUDUSD’s downward movement from 0.7679 extended to as low as 0.7473. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the top of the price channel on 4-hours chart, and the key resistance is at 0.7514, only break above this level could … Continue reading "AUDUSD Daily Analysis – April 12, 2017"

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GBPUSD Daily Analysis – April 12, 2017 Forex Analysis

GBPUSD is now in downtrend from 1.2615, the price action from 1.2376 could be treated as consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.2200 area. Resistance is at 1.2550, only break above this level could bring price back to the uptrend from 1.2109.

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EURUSD Daily Analysis – April 12, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0905, the bounce from 1.0569 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 1.0500 area. Key … Continue reading "EURUSD Daily Analysis – April 12, 2017"

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USDCAD Daily Analysis – April 11, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3455. Further decline could be expected in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 11, 2017 Forex Analysis

USDJPY continued its sideways movement in a range between 110.11 and 112.19. Resistance is at 112.19, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 115.50 and further decline to 108.00 area is still possible. However, a break of 112.19 resistance will indicate that the downtrend … Continue reading "USDJPY Daily Analysis – April 11, 2017"

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AUDUSD Daily Analysis – April 11, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long as the pair is below the trend line, the downtrend will continue. Key resistance is at 0.7550, only … Continue reading "AUDUSD Daily Analysis – April 11, 2017"

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GBPUSD Daily Analysis – April 11, 2017 Forex Analysis

GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected after a minor consolidation and next target would be at 1.2200 area.

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EURUSD Daily Analysis – April 11, 2017 Forex Analysis

EURUSD continued its downward movement and the fall extended to as low as 1.0569. Further decline could be expected after a minor consolidation and next target would be at 1.0500 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the … Continue reading "EURUSD Daily Analysis – April 11, 2017"

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USDCAD Daily Analysis – April 7, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3378 and 1.3455. Key support is at 1.3378, as long as this level holds, the uptrend from 1.3277 could be expected to continue, and further rise to 1.3500 area is possible after consolidation. On the downside, a breakdown below 1.3378 support will signal completion of the uptrend, … Continue reading "USDCAD Daily Analysis – April 7, 2017"

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USDJPY Daily Analysis – April 7, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 110.11 and 112.19. The sideways movement is likely consolidation of the downtrend from 115.50, further decline could be expected after the consolidation and next target would be at 108.00 area. Key resistance is at 112.19, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis – April 7, 2017 Forex Analysis

AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 0.7500 area. Key resistance is at 0.7590, only break above this level could signal completion of … Continue reading "AUDUSD Daily Analysis – April 7, 2017"

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GBPUSD Daily Analysis – April 7, 2017 Forex Analysis

GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to 1.2650 area is still possible after the consolidation. Key resistance is at 1.2557, a break of this level … Continue reading "GBPUSD Daily Analysis – April 7, 2017"

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EURUSD Daily Analysis – April 7, 2017 Forex Analysis

EURUSD’s bearish movement from 1.0905 extended to as low as 1.0629. Key resistance is now at 1.0689, as long as the pair is below this level, the downtrend could be expected to continue and next target would be at 1.0550 area. On the upside, a break of 1.0689 resistance will suggest that the downward movement … Continue reading "EURUSD Daily Analysis – April 7, 2017"

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USDCAD Daily Analysis – April 6, 2017 Forex Analysis

USDCAD is facing 1.3455 resistance, a break of this level will signal resumption of the uptrend from 1.3277, then next target would be at 1.3500 area. Support is at 1.3378, only break below this level will indicate that the uptrend had completed at 1.3455 already, then next target of the following downward movement would be … Continue reading "USDCAD Daily Analysis – April 6, 2017"

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USDJPY Daily Analysis – April 6, 2017 Forex Analysis

USDJPY is testing 110.11 support, a breakdown below this level will signal resumption of the downtrend from 115.50, then further decline to 108.00 area could be seen. Key resistance is at 112.19, only break above this level will indicate that the downtrend had completed at 110.11 already, then the target of the following rebound would … Continue reading "USDJPY Daily Analysis – April 6, 2017"

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AUDUSD Daily Analysis – April 6, 2017 Forex Analysis

AUDUSD continued its downward movement from 0.7679 and the fall extended to as low as 0.7532. Further decline to test 0.7490 support is possible in a couple of days. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend will continue. Key resistance … Continue reading "AUDUSD Daily Analysis – April 6, 2017"

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GBPUSD Daily Analysis – April 6, 2017 Forex Analysis

GBPUSD is forming a triangle pattern on 4-hour chart. Key support is at 1.2418, a breakdown below this level will confirm that the uptrend from 1.2109 had completed at 1.2615 already, then the following downward movement could bring price to 1.2200 area. Key resistance is at 1.2557, a break of this level will indicate that … Continue reading "GBPUSD Daily Analysis – April 6, 2017"

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EURUSD Daily Analysis – April 6, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.0634 and 1.0705. As long as the pair is below 1.0705 resistance, the sideways movement could be treated as consolidation of the downtrend from 1.0905 and further decline to 1.0550 area is still possible. Only a break of 1.0705 resistance will indicate that the downward movement had … Continue reading "EURUSD Daily Analysis – April 6, 2017"

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USDCAD Daily Analysis – April 5, 2017 Forex Analysis

USDCAD’s bounce from 1.3264 extended to as high as 1.3455. The subsequent fall from 1.3455 is likely resumption of the downtrend from 1.3535. Deeper decline to test 1.3264 support is possible in a couple of days. Resistance is at 1.3455, only break above this level could bring price back to the uptrend from 1.3264.

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USDJPY Daily Analysis – April 5, 2017 Forex Analysis

USDJPY is facing 110.11 support, a breakdown below this level will indicate that the downtrend from 115.50 has resumed, then next target would be at 108.00 area. On the other side, as long as 110.11 support holds, the sideways movement in a range between 110.11 and 112.19 could be expected to continue.

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AUDUSD Daily Analysis – April 5, 2017 Forex Analysis

AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on 4-hours chart, as long as the pair is below the trend line, the downtrend will continue.

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GBPUSD Daily Analysis – April 5, 2017 Forex Analysis

GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.2200 area. Near term resistance is at 1.2500, only break above this level could trigger another rise to … Continue reading "GBPUSD Daily Analysis – April 5, 2017"

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EURUSD Daily Analysis – April 5, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0905, the rise from 1.0635 is likely consolidation of the downtrend. Resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.0550 area is still possible. On the upside, a break of 1.0705 resistance will indicate that the downward … Continue reading "EURUSD Daily Analysis – April 5, 2017"

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USDCAD Daily Analysis – April 4, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3264 and 1.3414. The pair is now testing 1.3414 resistance, a break of this level will confirm that the downward movement from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3500 zone. Support is at 1.3264, a breakdown below this … Continue reading "USDCAD Daily Analysis – April 4, 2017"

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USDJPY Daily Analysis – April 4, 2017 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 110.11 and 112.19. Resistance is at 112.19, a break of this level will confirm that the downtrend from 115.50 had completed at 110.11 already, then further rise to 114.00 area could be seen. Support is at 110.11, a breakdown below this level could signal resumption … Continue reading "USDJPY Daily Analysis – April 4, 2017"

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AUDUSD Daily Analysis – April 4, 2017 Forex Analysis

AUDUSD is testing 0.7587 support, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then deeper decline to 0.7500 area could be seen. On the upside, as long as 0.7587 support holds, the fall from 0.7679 would possibly be correction of the uptrend from 0.7587 and another rise towards 0.7750 … Continue reading "AUDUSD Daily Analysis – April 4, 2017"

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GBPUSD Daily Analysis – April 4, 2017 Forex Analysis

GBPUSD is facing the support of the upward trend line on 4-hours chart. A clear break below the trend line support will indicate that the downtrend from 1.2615 has resumed, then further decline to 1.2200 area could be seen. Resistance levels are at 1.2555 and 1.2615, only break above these levels could signal resumption of … Continue reading "GBPUSD Daily Analysis – April 4, 2017"

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EURUSD Daily Analysis – April 4, 2017 Forex Analysis

EURUSD continued its downward movement from 1.0905 and the fall extended to as low as 1.0642. As we mentioned yesterday, the resistance level is at 1.0705, as long as the pair is below this level, the downtrend could be expected to continue and next target would be at 1.0600 area. However, a break of 1.0705 … Continue reading "EURUSD Daily Analysis – April 4, 2017"

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USDCAD Daily Analysis – April 3, 2017 Forex Analysis

USDCAD is facing 1.3264 support, a breakdown below this level will indicate that the downtrend from 1.3535 has resumed, then next target would be at 1.3100 area. Resistance is at 1.3414, a break of this level will confirm that the downtrend had completed at 1.3264 already, then the following upward movement could bring price to … Continue reading "USDCAD Daily Analysis – April 3, 2017"

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USDJPY Daily Analysis – April 3, 2017 Forex Analysis

USDJPY broke above 111.57 resistance, indicating that the downward movement from 115.50 had completed at 110.11 already. Further rally would likely be seen over the next several days, and next target would be at 114.00 area. Support is at 110.11, only break below this level will indicate that the pair remains in the downtrend, then … Continue reading "USDJPY Daily Analysis – April 3, 2017"

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AUDUSD Daily Analysis – April 3, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7587, the fall from 0.7679 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.7750 area. Support is at 0.7587, only break below this level could bring price back to the downtrend from 0.7749.

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GBPUSD Daily Analysis – April 3, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.2615, the rise from 1.2376 is likely correction of the downtrend. As long as 1.2615 resistance holds, the downtrend could be expected to resume, and further decline to 1.2200 area is still possible after the correction. On the upside, a break of 1.2615 resistance will indicate that the uptrend from … Continue reading "GBPUSD Daily Analysis – April 3, 2017"

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EURUSD Daily Analysis – April 3, 2017 Forex Analysis

EURUSD’s downward movement from 1.0905 extended to as low as 1.0650. Near term resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600 area. On the upside, a break of 1.0705 resistance will indicate that correction for the downward movement is … Continue reading "EURUSD Daily Analysis – April 3, 2017"

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