USDCAD moved sideways in a narrow range between 1.3372 and 1.3436. As long as 1.3330 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3009 and further rise to 1.3500 area is still possible.
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Tuesday 7 March 2017
USDJPY Daily Analysis – March 8, 2017 Forex Analysis
USDJPY failed to break above the 114.95 resistance and stayed in the trading range between 111.59 and 114.95. Another fall would likely be seen in a couple of days, and the support at 111.59 would be retested.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – March 8, 2017 . Thanks for your support.
AUDUSD Daily Analysis – March 8, 2017 Forex Analysis
AUDUSD’s bounce from 0.7542 extended to as high as 0.7632. However, the bounce is likely correction of the downtrend from 0.7740. Resistance is now at 0.7650, as long as the pair stays below this level, then downtrend could be expected to resume and next target would be at 0.7400 area.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 8, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 8, 2017 . Thanks for your support.
GBPUSD Daily Analysis – March 8, 2017 Forex Analysis
GBPUSD continued its downward movement from 1.2569 and the fall extended to as low as 1.2169. Near term resistance is at the descend price channel on 4-hours chart. As long as the pair stays in the channel, the downtrend could be expected to continue, and next target would be at 1.2000 area. Key resistance is … Continue reading "GBPUSD Daily Analysis – March 8, 2017"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 8, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 8, 2017 . Thanks for your support.
EURUSD Daily Analysis – March 8, 2017 Forex Analysis
EURUSD stays in the descend price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support could be expected in a couple of days, a breakdown below this level will signal resumption of the downtrend, then next target would be at 1.0400 area. Key resistance is … Continue reading "EURUSD Daily Analysis – March 8, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 8, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 8, 2017 . Thanks for your support.
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