USDCAD Daily Analysis - February 15, 2017 Forex Analysis

USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely correction of the uptrend. As long as 1.2968 support holds, the uptrend could be expected to resume, and further rise to 1.3300 area is possible after correction.

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USDJPY Daily Analysis - February 15, 2017 Forex Analysis

USDJPY is facing the resistance of the downward price channel on 4-hour chart. As long as the pair stays in the channel, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high), and another fall towards 110.00 could be expected after consolidation. Key resistance is at 115.62, only break above this level will indicate that the downtrend had completed at 111.59 already, then the following upward movement could bring price to 118.00 zone.

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EURUSD Daily Analysis - February 15, 2017 Forex Analysis

EURUSD's downward movement from 1.0828 extended to as low as 1.0560. There is a downward trend line on 4-hour chart, which may act as a resistance on the upside now at 1.0620. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.0400 area. Key resistance is at 1.0658, only break above this level will confirm that the downtrend is complete, then the following upward movement could bring price back to 1.0700 - 1.0740 area.

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