USDCAD Daily Analysis – March 14, 2017 Forex Analysis

Under pressure by the resistance of 1.3598 (Dec 28, 2016 high), USDCAD pulled back from 1.3535. However, as long as the pair stays in the upward price channel on 4-hours chart, the fall from 1.3535 could be treated as consolidation of the uptrend from 1.3009, and further rise to 1.3600 area is still possible after … Continue reading "USDCAD Daily Analysis – March 14, 2017"

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USDJPY Daily Analysis – March 14, 2017 Forex Analysis

USDJPY remains in uptrend from 111.68, the fall from 115.50 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hours chart. As long as the price channel support holds, the uptrend could be expected to continue, and next target would be at 117.50 area. Key support … Continue reading "USDJPY Daily Analysis – March 14, 2017"

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AUDUSD Daily Analysis – March 14, 2017 Forex Analysis

AUDUSD stays in the descending price channel on 4-hour chart, and remains in downtrend from 0.7740. As long as the pair is in the channel, the downtrend could be expected to continue and further decline to 0.7400 area is still possible. Key resistance is at 0.7632, only break above this level could signal completion of … Continue reading "AUDUSD Daily Analysis – March 14, 2017"

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GBPUSD Daily Analysis – March 14, 2017 Forex Analysis

GBPUSD broke above the channel resistance, indicating that the downward movement from 1.2569 had completed at 1.2134 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target would be at 1.2400 area.

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EURUSD Daily Analysis – March 14, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0494, the fall from 1.0714 is likely consolidation of the uptrend. Support level is at 1.0600, as long as the pair is above this level, the upward movement could be expected to continue, and next target would be at 1.0750 area. On the downside, a breakdown below 1.0600 support will … Continue reading "EURUSD Daily Analysis – March 14, 2017"

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