USDCAD Daily Analysis – March 15, 2017 Forex Analysis

USDCAD stays in a ascending price channel on 4-hours chart, and remains in uptrend from 1.3009. As long as the channel support holds, the fall from 1.3535 could be treated as consolidation of the uptrend and further rise to 1.3600 area is still possible after the consolidation. Key support is now at 1.3421, only break … Continue reading "USDCAD Daily Analysis – March 15, 2017"

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USDJPY Daily Analysis – March 15, 2017 Forex Analysis

USDJPY stays in the rising price channel on 4-hours chart and remains in uptrend from 111.68. As long as the pair stays in the channel, the fall from 115.50 could be treated as consolidation of the uptrend and another rise to 117.50 area could be expected after the consolidation. Key support is at 113.55, only … Continue reading "USDJPY Daily Analysis – March 15, 2017"

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AUDUSD Daily Analysis – March 15, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7740, the price action from 0.7542 is likely consolidation of the downtrend. Key resistance is at 0.7632, as long as the pair is below this level, the downtrend could be expected to resume, and further decline to 0.7400 area is still possible. Only break above 0.7632 resistance could signal completion … Continue reading "AUDUSD Daily Analysis – March 15, 2017"

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GBPUSD Daily Analysis – March 15, 2017 Forex Analysis

GBPUSD continued its downward movement from 1.2569 and the fall extended to as low as 1.2109. Resistance is now at 1.2251, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2000 area. On the upside, a break of 1.2251 resistance will indicate that the downtrend … Continue reading "GBPUSD Daily Analysis – March 15, 2017"

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EURUSD Daily Analysis – March 15, 2017 Forex Analysis

EURUSD’s fall from 1.0714 extended to as low as 1.0600. Deeper decline to test the support of the ascending price channel on 4-hours chart is possible. A clear break below the channel support will confirm that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. On the upside, as long … Continue reading "EURUSD Daily Analysis – March 15, 2017"

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