USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 1.3800 area. Near term support is at the bottom of the channel and the key support … Continue reading "USDCAD Daily Analysis – May 1, 2017"
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Sunday 30 April 2017
USDJPY Daily Analysis – May 1, 2017 Forex Analysis
USDJPY stays in a ascending price channel on 4-hour chart and remains in uptrend from 108.13. Further rise could be expected after consolidation and next target would be at 113.00 area. Support is located at the bottom of the channel. Only a clear break below the channel support could signal completion of the uptrend.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 1, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 1, 2017 Forex Analysis
AUDUSD remains in downtrend from 0.7610, the rise from 0.7439 is likely consolidation of the downtrend. Resistance is at 0.7540, as long as this level holds, the downward movement could be expected to continue, and next target would be at 0.7400 area. Only break above 0.7540 resistance could signal completion of the downtrend.
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GBPUSD Daily Analysis – May 1, 2017 Forex Analysis
GBPUSD’s upward movement from 1.2756 extended to as high as 1.2965. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the upward movement could be expected to continue and next target would be at 1.3100 area. On the downside, a clear break below the channel … Continue reading "GBPUSD Daily Analysis – May 1, 2017"
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EURUSD Daily Analysis – May 1, 2017 Forex Analysis
EURUSD continued its sideways movement in a range between 1.0820 and 1.0950. Support is at 1.0820. As long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 and further rise to 1.1000 area could be expected after the sideways movement. On the downside, a … Continue reading "EURUSD Daily Analysis – May 1, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – May 1, 2017 . Thanks for your support.
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