USDCAD remains in uptrend from 1.3223, the fall from 1.3696 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 1.3800 area. Key … Continue reading "USDCAD Daily Analysis – May 2, 2017"
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Monday 1 May 2017
USDJPY Daily Analysis – May 2, 2017 Forex Analysis
USDJPY’s upward movement from 108.13 extended to as high as 111.97. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would be at 113.00 area. Key support is now at 110.87, only a breakdown below this level could signal … Continue reading "USDJPY Daily Analysis – May 2, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 2, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 2, 2017 Forex Analysis
AUDUSD moved above 0.7540 resistance, indicating that the downward movement from 0.7610 had completed at 0.7439 already. Further rise could be expected in a couple of days and next target would be at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 0.7473 would … Continue reading "AUDUSD Daily Analysis – May 2, 2017"
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GBPUSD Daily Analysis – May 2, 2017 Forex Analysis
GBPUSD is testing that support of the ascending price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.2756 could be expected to continue and further rise to 1.3100 area is possible. However, a clear break below the channel support could signal completion of the uptrend, then the following downward … Continue reading "GBPUSD Daily Analysis – May 2, 2017"
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EURUSD Daily Analysis – May 2, 2017 Forex Analysis
EURUSD is forming a sideways consolidation in a trading range between 1.0820 and 1.0950. As long as the pair is above 1.0820 support, the uptrend from 1.0569 could be expected to resume after the consolidation and next target would be at 1.1000 area. However, a breakdown below 1.0820 support could signal completion of the uptrend, … Continue reading "EURUSD Daily Analysis – May 2, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 2, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 2, 2017 . Thanks for your support.
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