USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards 1.3900.
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Monday 8 May 2017
USDJPY Daily Analysis – May 9, 2017 Forex Analysis
USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to continue, and next target would be at 114.00 area. Key support is at 112.08, only a breakdown below … Continue reading "USDJPY Daily Analysis – May 9, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 9, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 9, 2017 Forex Analysis
After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected to continue, and next target would be at 0.7300 area. On the upside, a break of 0.7426 resistance … Continue reading "AUDUSD Daily Analysis – May 9, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 9, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 9, 2017 Forex Analysis
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue, and next target would be at 1.3100 area. Key support is at 1.2831, below this level will indicate that the upward movement had completed at 1.2988 already, then … Continue reading "GBPUSD Daily Analysis – May 9, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 9, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 9, 2017 Forex Analysis
EURUSD remains in uptrend from 1.0569, the fall from 1.1021 would possibly be consolidation of the uptrend. Support is at 1.0874, as long as this level holds, the uptrend 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 upward … Continue reading "EURUSD Daily Analysis – May 9, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 9, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 9, 2017 . Thanks for your support.
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