USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275 and 1.3223, only break below these levels could bring price back to the downtrend.
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Thursday 13 April 2017
USDJPY Daily Analysis – April 14, 2017 Forex Analysis
USDJPY remains in downtrend from 111.57 and the fall extended to as low as 108.72. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this level holds, the downtrend will continue.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – April 14, 2017 . Thanks for your support.
AUDUSD Daily Analysis – April 14, 2017 Forex Analysis
AUDUSD is now in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back to the downtrend from 0.7749.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 14, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 14, 2017 . Thanks for your support.
GBPUSD Daily Analysis – April 14, 2017 Forex Analysis
After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365 support is possible in a couple of days. A breakdown below this level will confirm that the downtrend … Continue reading "GBPUSD Daily Analysis – April 14, 2017"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 14, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 14, 2017 . Thanks for your support.
EURUSD Daily Analysis – April 14, 2017 Forex Analysis
Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be at 1.0500 area. On the upside, as long as 1.0569 support holds, lengthier correction for the downtrend from … Continue reading "EURUSD Daily Analysis – April 14, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 14, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 14, 2017 . Thanks for your support.
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