USDCAD Daily Analysis – April 25, 2017 Forex Analysis

USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as long as the pair is above the trend line, the uptrend from 1.3223 will continue. Key support is … Continue reading "USDCAD Daily Analysis – April 25, 2017"

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USDJPY Daily Analysis – April 25, 2017 Forex Analysis

USDJPY stays in a ascending price channel on 4-hour chart and remains in short term uptrend from 108.13. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 112.00 area. On the downside, a clear break below the channel support will indicate … Continue reading "USDJPY Daily Analysis – April 25, 2017"

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AUDUSD Daily Analysis – April 25, 2017 Forex Analysis

AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at the trend line, only a clear break below the trend line support could signal completion of the uptrend.

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GBPUSD Daily Analysis – April 25, 2017 Forex Analysis

No changed in our view, GBPUSD remains in uptrend, the pullback from 1.2904 could be treated as consolidation of the uptrend. Support is at 1.2700, as long as this level holds, the uptrend could be expected to resume, and another rise to 1.3000 could be seen after the consolidation.

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EURUSD Daily Analysis – April 25, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.0918 is likely consolidation of the uptrend. Another rise could be expected after the consolidation and next target would be at 112.00 area. Support is at 1.0775, as long as this level holds, the uptrend will continue. Key support is located at the rising trend line … Continue reading "EURUSD Daily Analysis – April 25, 2017"

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