USDCAD Daily Analysis – April 28, 2017 Forex Analysis

USDCAD’s upward movement from 1.3223 extended to as high as 1.3670. Further rise is still possible in a couple of days and next target would be at 1.3800 area. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

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USDJPY Daily Analysis – April 28, 2017 Forex Analysis

USDJPY remains in uptrend from 108.13, the fall from 111.77 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue, and next target would be at 113.00 area. Only … Continue reading "USDJPY Daily Analysis – April 28, 2017"

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AUDUSD Daily Analysis – April 28, 2017 Forex Analysis

AUDUSD’s downward movement from 0.7749 extended to as low as 0.7439. 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 28, 2017 Forex Analysis

GBPUSD broke above 1.2904 resistance, indicating that the uptrend from 1.2365 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.3000 area. Key support is located at the ascending trend line on 4-hour chart, only a clear break below the trend line support could signal completion … Continue reading "GBPUSD Daily Analysis – April 28, 2017"

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EURUSD Daily Analysis – April 28, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.0820 and 1.0950. As long as 1.0820 support holds, the sideways move could be treated as consolidation of the uptrend from 1.0569, and another rise to 1.1000 area could be expected after the consolidation. Key support is located at the ascending trend line on 4-hour chart, only … Continue reading "EURUSD Daily Analysis – April 28, 2017"

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