USDCAD remains in downtrend from 1.3535, the rise from 1.3276 could be treated as consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hours chart, and the key resistance is at 1.3377, only break above this level could signal completion of the downtrend.
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Monday 20 March 2017
USDJPY Daily Analysis – March 20, 2017 Forex Analysis
USDJPY’s downward movement from 115.50 extended to as low as 112.47. As long as the pair stays in the downward price channel on 4-hours chart, the downtrend could be expected to continue and further decline to test 111.59 support is possible.
For more short term forex analysis and info visit via USDJPY Daily Analysis – March 20, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – March 20, 2017 . Thanks for your support.
AUDUSD Daily Analysis – March 20, 2017 Forex Analysis
AUDUSD broke above 0.7719 resistance, indicating that the uptrend from 0.7490 has resumed. Further rise could be expected and next target would be at 0.7800 area. Support is at now at 0.7663, as long as this level holds, the uptrend will continue.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 20, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – March 20, 2017 . Thanks for your support.
GBPUSD Daily Analysis – March 20, 2017 Forex Analysis
GBPUSD stays above the rising trend line on 4-hours chart and remains in uptrend from 1.2109. As long as the pair stays above the trend line, the uptrend could be expected to continue, and next target would be at 1.2500 area.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 20, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 20, 2017 . Thanks for your support.
EURUSD Daily Analysis – March 20, 2017 Forex Analysis
EURUSD remains in uptrend from 1.0494, further rise could be expected in a couple of days, and next target would be at 1.0800 area. Key support is at the bottom f the price channel on 4-hours chart, only a clear break below the channel support could signal completion of the uptrend.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 20, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – March 20, 2017 . Thanks for your support.
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