USDCAD remains in downtrend from 1.3455. Further decline is possible 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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Tuesday 11 April 2017
USDJPY Daily Analysis – April 12, 2017 Forex Analysis
USDJPY broke below 110.11 support and continued its downward movement from 115.50. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Key resistance is now at 111.57, only break above this level could signal completion of the downtrend.
For more short term forex analysis and info visit via USDJPY Daily Analysis – April 12, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – April 12, 2017 . Thanks for your support.
AUDUSD Daily Analysis – April 12, 2017 Forex Analysis
AUDUSD’s downward movement from 0.7679 extended to as low as 0.7473. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the top of the price channel on 4-hours chart, and the key resistance is at 0.7514, only break above this level could … Continue reading "AUDUSD Daily Analysis – April 12, 2017"
For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 12, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 12, 2017 . Thanks for your support.
GBPUSD Daily Analysis – April 12, 2017 Forex Analysis
GBPUSD is now in downtrend from 1.2615, the price action from 1.2376 could be treated as consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.2200 area. Resistance is at 1.2550, only break above this level could bring price back to the uptrend from 1.2109.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 12, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 12, 2017 . Thanks for your support.
EURUSD Daily Analysis – April 12, 2017 Forex Analysis
EURUSD remains in downtrend from 1.0905, the bounce from 1.0569 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 1.0500 area. Key … Continue reading "EURUSD Daily Analysis – April 12, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 12, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 12, 2017 . Thanks for your support.
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