USDCAD Daily Analysis – March 17, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3535, the rise from 1.3276 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3100 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – March 17, 2017 Forex Analysis

USDJPY’s short term downtrend from 115.50 extended to as low as 112.90. Deeper decline to test 111.59 support is still possible after a minor consolidation. Resistance is located at the top of the price channel on 4-hours chart, only a clear break above the channel resistance will indicate that the short term downtrend had completed … Continue reading "USDJPY Daily Analysis – March 17, 2017"

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AUDUSD Daily Analysis – March 17, 2017 Forex Analysis

Under pressure by 0.7740 resistance, AUDUSD pulled back from 0.7719. However, the pullback is likely consolidation of the uptrend from 0.7490. Support is at 0.7640, as long as the pair is above this level, the uptrend could be expected to resume, and another rise to test 0.7740 resistance could be seen. Only break below 0.7640 … Continue reading "AUDUSD Daily Analysis – March 17, 2017"

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GBPUSD Daily Analysis – March 17, 2017 Forex Analysis

GBPUSD’s rise from 1.2109 extended to as high as 1.2377. Further rise could be expected after a minor consolidation and next target would be at 1.2450 area. Support is at the ascending trend line on 4-hour chart. As long as the trend line support holds, the uptrend will continue.

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EURUSD Daily Analysis – March 17, 2017 Forex Analysis

EURUSD stays in a ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair stays in the channel, the uptrend could be expected to continue, and further rise to test 1.0828 resistance is possible. Key support is at the bottom of the price channel, only a clear break … Continue reading "EURUSD Daily Analysis – March 17, 2017"

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