USDCAD broke below 1.3421 key support and is now in downtrend from 1.3535. Near term resistance is at 1.3380, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3100 area.
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Wednesday 15 March 2017
USDJPY Daily Analysis – March 16, 2017 Forex Analysis
USDJPY broke below the upward price channel on 4-hours chart, indicating that the uptrend from 111.68 had completed at 115.50 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be at 112.20 area.
For more short term forex analysis and info visit via USDJPY Daily Analysis – March 16, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – March 16, 2017 . Thanks for your support.
AUDUSD Daily Analysis – March 16, 2017 Forex Analysis
AUDUSD broke above 0.7632 resistance and is now in uptrend from 0.7490. Further rise could be expected after a minor consolidation and next target would be at 0.7800 area. Support is at 0.7640, as long as this level holds, the uptrend will continue.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 16, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 16, 2017 . Thanks for your support.
GBPUSD Daily Analysis – March 16, 2017 Forex Analysis
GBPUSD broke above 1.2251 resistance, indicating that the downtrend from 1.2569 had completed at 1.2109 already. Further rise could be expected after a minor consolidation, and next target would be at 1.2400 area.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 16, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 16, 2017 . Thanks for your support.
EURUSD Daily Analysis – March 16, 2017 Forex Analysis
EURUSD failed to break below the the bottom of the rising price channel on 4-hours chart and rebounded strongly from 1.0600, indicating that the pair remains in uptrend from 1.0494. As long as the pair stays in the channel, further rise to test 1.0828 resistance is possible. Near term support is at 1.0650, and the … Continue reading "EURUSD Daily Analysis – March 16, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 16, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 16, 2017 . Thanks for your support.
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