USDCAD Daily Analysis – March 29, 2017 Forex Analysis

USDCAD broke above 1.3409 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rise could be expected in a couple of days and next target would be at 1.3500 area.

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USDJPY Daily Analysis – March 29, 2017 Forex Analysis

USDJPY broke above the channel resistance and is now facing 111.57 key resistance. A break of this level will indicate that the downtrend from 115.50 had completed at 110.11 already, then the following upward movement could bring price back to 113.50 zone. On the downside, as long as 111.57 resistance holds, the rise from 110.11 … Continue reading "USDJPY Daily Analysis – March 29, 2017"

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AUDUSD Daily Analysis – March 29, 2017 Forex Analysis

AUDUSD broke above 0.7648 resistance, indicating that the downward movement from 0.7749 had completed at 0.7587 already. Further rise could be expected in a couple of days and next target would be at 0.7700 area. Support level is at 0.7587, only break below this level could trigger another fall towards 0.7500.

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GBPUSD Daily Analysis – March 29, 2017 Forex Analysis

GBPUSD moved below 1.2469 support, indicating that the uptrend from 1.2109 had completed at 1.2615 already. The pair is now in downtrend. Further decline could be expected after correction and next target would be at 1.2200 area.

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EURUSD Daily Analysis – March 29, 2017 Forex Analysis

EURUSD stays in the ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair is in the channel, the fall from 1.0905 could be treated as consolidation of the uptrend and further rise to 1.0950 area is still possible. Key support is at 1.0760, only break below this … Continue reading "EURUSD Daily Analysis – March 29, 2017"

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USDCAD Daily Analysis – March 28, 2017 Forex Analysis

USDCAD is facing 1.3409 resistance, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side, as long as 1.3409 resistance holds, the sideways movement in a range between 1.3264 and 1.3409 could be … Continue reading "USDCAD Daily Analysis – March 28, 2017"

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USDJPY Daily Analysis – March 28, 2017 Forex Analysis

USDJPY’s downward movement from 115.50 extended to as low as 110.11. Deeper decline it still possible and next target would be at 109.00 area. Near term resistance is at the top of the price channel on 4-hours chart and the key resistance is at 111.57, only break above this level could signal completion of the … Continue reading "USDJPY Daily Analysis – March 28, 2017"

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AUDUSD Daily Analysis – March 28, 2017 Forex Analysis

AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749. Further decline is still possible after a minor consolidation, and next target would be at 0.7550 area. Resistance is at 0.7648, only break above this level will indicate that the downtrend had completed at 0.7603 already, then another rise … Continue reading "AUDUSD Daily Analysis – March 28, 2017"

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GBPUSD Daily Analysis – March 28, 2017 Forex Analysis

GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2615. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.2700 area. Key support is … Continue reading "GBPUSD Daily Analysis – March 28, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 28, 2017 . Thanks for your support.

EURUSD Daily Analysis – March 28, 2017 Forex Analysis

EURUSD’s upward movement from 1.0494 extended to as high as 1.0905. Further rise is still possible after a minor consolidation and next target would be at 1.0950 area. Near term support is at the bottom of the price channel on 4-hours chart, as long as the pair is in the channel, the uptrend will continue. … Continue reading "EURUSD Daily Analysis – March 28, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – March 28, 2017 . Thanks for your support.