USDCAD is now in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Another rise could be expected after the 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 from 1.3455.
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Sunday 16 April 2017
USDJPY Daily Analysis – April 17, 2017 Forex Analysis
USDJPY’s downward movement from 111.57 extended to as low as 108.23. Near term resistance is at 108.90, as long as this level holds, the downtrend could be expected to continue and next target would be at 107.00 area. Key resistance is at 109.40, only break above this level will indicate that the downtrend is complete, … Continue reading "USDJPY Daily Analysis – April 17, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – April 17, 2017 . Thanks for your support.
AUDUSD Daily Analysis – April 17, 2017 Forex Analysis
AUDUSD remains 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.
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – April 17, 2017 . Thanks for your support.
GBPUSD Daily Analysis – April 17, 2017 Forex Analysis
GBPUSD formed a sideways consolidation in a range between 1.2365 and 1.2573. Resistance is at 1.2573, a break above this level will signal resumption of the uptrend from 1.2109, then next target would be at 1.2650 area. On the downside, as long as 1.2573 resistance holds, the price action in the trading range would possibly … Continue reading "GBPUSD Daily Analysis – April 17, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – April 17, 2017 . Thanks for your support.
EURUSD Daily Analysis – April 17, 2017 Forex Analysis
EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area is still possible after the consolidation. On the upside, a break of 1.0689 resistance will indicate … Continue reading "EURUSD Daily Analysis – April 17, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 17, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – April 17, 2017 . Thanks for your support.
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