USDCAD Daily Analysis – April 5, 2017 Forex Analysis

USDCAD’s bounce from 1.3264 extended to as high as 1.3455. The subsequent fall from 1.3455 is likely resumption of the downtrend from 1.3535. Deeper decline to test 1.3264 support is possible in a couple of days. Resistance is at 1.3455, only break above this level could bring price back to the uptrend from 1.3264.

For more short term forex analysis and info visit via USDCAD Daily Analysis – April 5, 2017 . Thanks for your support.

USDJPY Daily Analysis – April 5, 2017 Forex Analysis

USDJPY is facing 110.11 support, a breakdown below this level will indicate that the downtrend from 115.50 has resumed, then next target would be at 108.00 area. On the other side, as long as 110.11 support holds, the sideways movement in a range between 110.11 and 112.19 could be expected to continue.

For more short term forex analysis and info visit via USDJPY Daily Analysis – April 5, 2017 . Thanks for your support.

AUDUSD Daily Analysis – April 5, 2017 Forex Analysis

AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on 4-hours chart, as long as the pair is below the trend line, the downtrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 5, 2017 . Thanks for your support.

GBPUSD Daily Analysis – April 5, 2017 Forex Analysis

GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.2200 area. Near term resistance is at 1.2500, only break above this level could trigger another rise to … Continue reading "GBPUSD Daily Analysis – April 5, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 5, 2017 . Thanks for your support.

EURUSD Daily Analysis – April 5, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0905, the rise from 1.0635 is likely consolidation of the downtrend. Resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.0550 area is still possible. On the upside, a break of 1.0705 resistance will indicate that the downward … Continue reading "EURUSD Daily Analysis – April 5, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – April 5, 2017 . Thanks for your support.