USDCAD broke out of the bottom of the ascending price channel on 4-hour chart, indicating that the bullish movement from 1.3223 had completed at 1.3793 already. Further decline could be expected over the next several days and next target would be at 1.3550 area. Resistance levels are at 1.3730 and 1.3793, only break above these … Continue reading "USDCAD Daily Analysis – May 8, 2017"
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Sunday 7 May 2017
USDJPY Daily Analysis – May 8, 2017 Forex Analysis
USDJPY stays in a rising price channel on 4-hour chart and remains in uptrend from 108.13. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 114.00 area. Key support is now at 112.08, only a breakdown below this level will indicate that … Continue reading "USDJPY Daily Analysis – May 8, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 8, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 8, 2017 Forex Analysis
AUDUSD is in downtrend from 0.7555, the rise from 0.7367 is likely consolidation of the downtrend. Range trading between 0.7367 and 0.7450 would likely be seen in a couple of days. Resistance is at 0.7450, only a break above this level will indicate that lengthier consolidation for the longer term downtrend from 0.7610 is underway, … Continue reading "AUDUSD Daily Analysis – May 8, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 8, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 8, 2017 Forex Analysis
GBPUSD stays in the ascending price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.3100 area. Key support is at 1.2831, only a breakdown below this level will indicate that the … Continue reading "GBPUSD Daily Analysis – May 8, 2017"
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EURUSD Daily Analysis – May 8, 2017 Forex Analysis
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1021. Support level is now at 1.0874, as long as this level holds, the bullish movement could be expected to continue and next target would be at 1.1050 area. On the downside, a breakdown below 1.0874 support will indicate that the bullish movement had completed … Continue reading "EURUSD Daily Analysis – May 8, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 8, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 8, 2017 . Thanks for your support.
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