USDCAD remains in uptrend from 1.3009, the fall from 1.3436 is likely consolidation of the uptrend. Support is at 1.3330, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3500 area.
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Monday 6 March 2017
USDJPY Daily Analysis – March 7, 2017 Forex Analysis
USDJPY is forming a sideways consolidation in a range between 111.59 and 114.95. Another fall to test 111.59 support would likely be seen in a couple of days. Resistance is at 114.95, only break above this level will indicate that the pair is in uptrend from 111.68, then further rise to 117.50 area is possible.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – March 7, 2017 . Thanks for your support.
AUDUSD Daily Analysis – March 7, 2017 Forex Analysis
AUDUSD remains in downtrend from 0.7740, the rise from 0.7542 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 0.7400 area. Resistance is at 0.7620, only break above this level will indicate that the downtrend had completed at 0.7542 already, then further rally to … Continue reading "AUDUSD Daily Analysis – March 7, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 7, 2017 . Thanks for your support.
GBPUSD Daily Analysis – March 7, 2017 Forex Analysis
GBPUSD remains in downtrend from 1.2569, the bounce from 1.2214 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 stays in the channel, the downtrend could be expected to continue, and next target would be at 1.2100 area. Key … Continue reading "GBPUSD Daily Analysis – March 7, 2017"
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EURUSD Daily Analysis – March 7, 2017 Forex Analysis
After touching the top of the price channel on 4-hour chart, EURUSD pulled back into the channel, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support would likely be seen and a breakdown below this level could signal resumption of the downtrend. Key resistance is at 1.0679, only break … Continue reading "EURUSD Daily Analysis – March 7, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 7, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 7, 2017 . Thanks for your support.
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