Tuesday 25 April 2017

USDCAD Daily Analysis – April 26, 2017 Forex Analysis

USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would be at 1.3700 area. Key support is at 1.3410, only break below this level could signal completion of … Continue reading "USDCAD Daily Analysis – April 26, 2017"

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USDJPY Daily Analysis – April 26, 2017 Forex Analysis

USDJPY’s upward movement from 108.13 extended to as high as 111.39. Further rise could be expected over the next several days, and next target would be at 112.00 area. Support levels are at 110.50 and 110.00, as long as these levels hold, the uptrend will continue.

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GBPUSD Daily Analysis – April 26, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2756 and 1.2904. Near term support is at 1.2700, as long as this level holds, the price action from 1.2904 could be treated as consolidation of the uptrend from 1.2365, and further rise to 1.3000 area could be expected after the consolidation.

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EURUSD Daily Analysis – April 26, 2017 Forex Analysis

EURUSD’s upward movement from 1.0569 extended to as high as 1.0950. Key support is at 1.0820, as long as the pair is above this level, the uptrend could be expected to continue, and next target would be at 1.1000 area.

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AUDUSD Daily Analysis – April 26, 2017 Forex Analysis

AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400 area. Resistance is at 0.7586, a break of this level will confirm that the downtrend from 0.7749 had … Continue reading "AUDUSD Daily Analysis – April 26, 2017"

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