USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only a break of this level could trigger another rise towards 1.3900.
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Tuesday 9 May 2017
USDJPY Daily Analysis – May 10, 2017 Forex Analysis
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom of the channel is possible. However, as long as the pair is above 112.08 key support, the upward … Continue reading "USDJPY Daily Analysis – May 10, 2017"
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 10, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 10, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 10, 2017 Forex Analysis
AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate that the downward movement had completed at 0.7328 already, then the pair will find resistance at the descending … Continue reading "AUDUSD Daily Analysis – May 10, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 10, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 10, 2017 Forex Analysis
GBPUSD stays in the rising 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. Near term support is at the bottom line of the channel and the key support … Continue reading "GBPUSD Daily Analysis – May 10, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 10, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 10, 2017 Forex Analysis
EURUSD broke below 1.0874 support, suggesting that the upward movement from 1.0569 had completed at 1.1021 already. The pair is now in downtrend. Further decline could be expected and next target would be at 1.0750 area. Near term resistance is at 1.0940, as long as this level holds, the downtrend will continue.
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For more short term forex analysis and info visit via EURUSD Daily Analysis – May 10, 2017 . Thanks for your support.
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