USDCAD Daily Analysis – April 11, 2017 Forex Analysis

USDCAD is now in downtrend from 1.3455. Further decline could be expected in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 11, 2017 Forex Analysis

USDJPY continued its sideways movement in a range between 110.11 and 112.19. Resistance is at 112.19, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 115.50 and further decline to 108.00 area is still possible. However, a break of 112.19 resistance will indicate that the downtrend … Continue reading "USDJPY Daily Analysis – April 11, 2017"

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AUDUSD Daily Analysis – April 11, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long as the pair is below the trend line, the downtrend will continue. Key resistance is at 0.7550, only … Continue reading "AUDUSD Daily Analysis – April 11, 2017"

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GBPUSD Daily Analysis – April 11, 2017 Forex Analysis

GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected after a minor consolidation and next target would be at 1.2200 area.

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EURUSD Daily Analysis – April 11, 2017 Forex Analysis

EURUSD continued its downward movement and the fall extended to as low as 1.0569. Further decline could be expected after a minor consolidation and next target would be at 1.0500 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the … Continue reading "EURUSD Daily Analysis – April 11, 2017"

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