USDCAD Daily Analysis – May 15, 2017 Forex Analysis

USDCAD stays in a trading range between 1.3641 and 1.3793. Another fall to test 1.3641 support would likely be seen and a breakdown below this level will confirm that the upward movement from 1.3223 had completed at 1.3793 already, then next target would be at 1.3550 area. Resistance is at 1.3793, only a break of … Continue reading "USDCAD Daily Analysis – May 15, 2017"

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USDJPY Daily Analysis – May 15, 2017 Forex Analysis

USDJPY is facing the support of the bottom of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 114.36 could be treated as consolidation of the uptrend from 108.13 and further rise to 115.50 area is still possible. On the downside, a clear break below the channel … Continue reading "USDJPY Daily Analysis – May 15, 2017"

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AUDUSD Daily Analysis – May 15, 2017 Forex Analysis

AUDUSD is facing 0.7426 key resistance. As long as this level holds, the rise from 0.7328 could be treated as consolidation of the downtrend from 0.7610 and further decline to 0.7250 area could be expected after the consolidation. On the upside, a break of 0.7426 resistance will indicate that lengthier consolidation for the downtrend is … Continue reading "AUDUSD Daily Analysis – May 15, 2017"

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GBPUSD Daily Analysis – May 15, 2017 Forex Analysis

GBPUSD is facing the support of 1.2831. As long as this level holds, the fall from 1.2988 could be treated as consolidation of the uptrend from 1.2365 and further rise to 1.3100 area is still possible after the consolidation. On the downside, a breakdown below 1.2831 support will indicate that the upward movement from 1.2365 … Continue reading "GBPUSD Daily Analysis – May 15, 2017"

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EURUSD Daily Analysis – May 15, 2017 Forex Analysis

EURUSD broke above 1.0900 resistance and rebounded to 1.0930 area, indicating that the downward movement from 1.1021 had completed at 1.0839 already. However, the bounce would possibly be correction of the downtrend from 1.1021, another fall towards 1.0700 is still possible after the correction. Key resistance is at 1.1021, only break above this level will … Continue reading "EURUSD Daily Analysis – May 15, 2017"

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