USDCAD Daily Analysis – April 24, 2017 Forex Analysis

Under pressure by 1.3535 resistance, USDCAD pulled back from 1.3525. Support is now located at the bottom of the ascending price channel on 4-hour chart. As long as the pair is in the channel, the upward movement from 1.3223 could be expected to continue, and next target would be at 1.3600 area. Only a clear … Continue reading "USDCAD Daily Analysis – April 24, 2017"

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USDJPY Daily Analysis – April 24, 2017 Forex Analysis

USDJPY broke above the top of the descending price channel on 4-hour chart, indicating that the downward movement from 112.19 had completed at 108.13 already. However, the bounce from 108.13 would possibly be consolidation of the longer term downtrend from 115.50. Range trading between 108.13 and 110.57 would likely be seen over the next several … Continue reading "USDJPY Daily Analysis – April 24, 2017"

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AUDUSD Daily Analysis – April 24, 2017 Forex Analysis

AUDUSD broke above 0.7550 resistance, indicating that the downward movement from 0.7610 had completed at 0.7491 already. The pair is now in uptrend from 0.7491. Further rise could be expected and next target would be at 0.7650 area. Support is at the upward trend line on 4-hour chart, only a clear break below the trend … Continue reading "AUDUSD Daily Analysis – April 24, 2017"

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GBPUSD Daily Analysis – April 24, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2365, the fall from 1.2904 is likely consolidation of the uptrend. Support is at 1.2700, as long as this pair is above this level, the uptrend could be expected to continue, and next target would be at 1.3000 area.

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EURUSD Daily Analysis – April 24, 2017 Forex Analysis

EURUSD continued its upward movement and the rise extended to as high as 1.0918. Further rise could be expected after consolidation and next target would be at 112.00 area. Support is at 1.0800, as long as this level holds, the uptrend will continue.

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