USDCAD Daily Analysis – March 24, 2017 Forex Analysis

USDCAD is now in uptrend from 1.3264, the fall from 1.3409 is likely correction of the uptrend. Further rise is possible in a couple of days and next target would be at 1.3500 area. Support is at 1.3264, only break below this level will indicate that the downtrend from 1.3535 has resumed, then the following … Continue reading "USDCAD Daily Analysis – March 24, 2017"

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USDJPY Daily Analysis – March 24, 2017 Forex Analysis

USDJPY’s downward movement from 115.50 extended to as low as 110.62. Further decline is still possible after a minor consolidation and next target would be at 110.00 area. Near term resistance is at the top of the price channel on 4-hours chart, as long as the pair is in the channel, the downtrend will continue. … Continue reading "USDJPY Daily Analysis – March 24, 2017"

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AUDUSD Daily Analysis – March 24, 2017 Forex Analysis

AUDUSD is now in downtrend from 0.7749. Further decline could be expected in a couple of days and next target would be at 0.7550 area. Resistance is at 0.7685, only break above this level could trigger another rise towards 0.7800.

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GBPUSD Daily Analysis – March 24, 2017 Forex Analysis

GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531. Further rise is still possible after a minor consolidation and next target would be at 1.2600 area. Near term support is at the rising trend line on 4-hours chart and the key support is now at 1.2423, only break below this level could signal … Continue reading "GBPUSD Daily Analysis – March 24, 2017"

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EURUSD Daily Analysis – March 24, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.0900 area. Key support … Continue reading "EURUSD Daily Analysis – March 24, 2017"

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