Wednesday 26 April 2017

USDCAD Daily Analysis – April 27, 2017 Forex Analysis

USDCAD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3647 could be treated as consolidation of the uptrend, and further rise to 1.3700 area is possible after the consolidation. Near term support is at the bottom … Continue reading "USDCAD Daily Analysis – April 27, 2017"

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USDJPY Daily Analysis – April 27, 2017 Forex Analysis

USDJPY continued its upward movement from 108.13 and the rise extended to as high as 111.77. Support is at 110.50, as long as this level holds, the uptrend could be expected to continue and next target would be at 113.00 area. Key support is at 110.00, only break below this level could signal completion of … Continue reading "USDJPY Daily Analysis – April 27, 2017"

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AUDUSD Daily Analysis – April 27, 2017 Forex Analysis

AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this level could signal completion of the downtrend.

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GBPUSD Daily Analysis – April 27, 2017 Forex Analysis

GBPUSD continued its sideways movement in a trading range between 1.2756 and 1.2904. Support is at 1.2700, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3000 area.

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EURUSD Daily Analysis – April 27, 2017 Forex Analysis

EURUSD remains in uptrend from 1.0569, the fall from 1.0950 could be treated as consolidation of the uptrend. Support is at 1.0820, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1000 area.

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