USDCAD Daily Analysis – April 18, 2017 Forex Analysis

No changed in our view, USDCAD remains in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Further rise could be expected in a couple of days, and next target would be at 1.3440 area. Support is at 1.3250, only break below this level could trigger another fall towards 1.3100.

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USDJPY Daily Analysis – April 18, 2017 Forex Analysis

USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be at 107.00 area. On the upside, a break of 109.40 resistance will indicate that the downtrend had completed … Continue reading "USDJPY Daily Analysis – April 18, 2017"

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AUDUSD Daily Analysis – April 18, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7473, the price action from 0.7595 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 0.7700 area. Support is at 0.7535, only break below this level will indicate that the uptrend had completed at 0.7610 already, then the following … Continue reading "AUDUSD Daily Analysis – April 18, 2017"

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GBPUSD Daily Analysis – April 18, 2017 Forex Analysis

GBPUSD’s rise from 1.2365 extended to as high as 1.2596. Support is now at 1.2500, as long as this level holds, the upward movement could be expected to continue, and next target would be at 1.2650. On the downside, a breakdown below 1.2500 support will indicate that the upward move had completed at 1.2596 already, … Continue reading "GBPUSD Daily Analysis – April 18, 2017"

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EURUSD Daily Analysis – April 18, 2017 Forex Analysis

EURUSD continues its sideways movement in a trading range between 1.0569 and 1.0689. The key resistance is at 1.0689, as long as the pair is below this level, the sideways movement could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area could be expected after the consolidation. However, a … Continue reading "EURUSD Daily Analysis – April 18, 2017"

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