USDCAD Daily Analysis – April 7, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3378 and 1.3455. Key support is at 1.3378, as long as this level holds, the uptrend from 1.3277 could be expected to continue, and further rise to 1.3500 area is possible after consolidation. On the downside, a breakdown below 1.3378 support will signal completion of the uptrend, … Continue reading "USDCAD Daily Analysis – April 7, 2017"

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USDJPY Daily Analysis – April 7, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 110.11 and 112.19. The sideways movement is likely consolidation of the downtrend from 115.50, further decline could be expected after the consolidation and next target would be at 108.00 area. Key resistance is at 112.19, only break above this level could signal completion of the downtrend.

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AUDUSD Daily Analysis – April 7, 2017 Forex Analysis

AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 0.7500 area. Key resistance is at 0.7590, only break above this level could signal completion of … Continue reading "AUDUSD Daily Analysis – April 7, 2017"

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GBPUSD Daily Analysis – April 7, 2017 Forex Analysis

GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to 1.2650 area is still possible after the consolidation. Key resistance is at 1.2557, a break of this level … Continue reading "GBPUSD Daily Analysis – April 7, 2017"

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EURUSD Daily Analysis – April 7, 2017 Forex Analysis

EURUSD’s bearish movement from 1.0905 extended to as low as 1.0629. Key resistance is now at 1.0689, as long as the pair is below this level, the downtrend could be expected to continue and next target would be at 1.0550 area. On the upside, a break of 1.0689 resistance will suggest that the downward movement … Continue reading "EURUSD Daily Analysis – April 7, 2017"

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