USDCAD is now in downtrend from 1.3793. Further decline could be expected over the next several days, and next target would be at 1.3500 area. Resistance is at 1.3670, only break above this level could trigger another rise towards 1.3900.
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Tuesday 16 May 2017
USDJPY Daily Analysis – May 17, 2017 Forex Analysis
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 108.13 had completed at 114.36 already. Further decline could be expected over the next several days and next target would be at 112.00 area. Resistance is at 113.50, as long as this level holds, the downtrend will … Continue reading "USDJPY Daily Analysis – May 17, 2017"
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 17, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 17, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 17, 2017 Forex Analysis
AUDUSD is in short term uptrend from 0.7328. Further rally could be expected and the target would be at the descending trend line on 4-hour chart. Near term support is at the support trend line of the rising price channel, only a clear break below the channel support could bring price back to test 0.7328 … Continue reading "AUDUSD Daily Analysis – May 17, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 17, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 17, 2017 Forex Analysis
GBPUSD continued its sideways movement in a range between 1.2831 and 1.2988. The sideways movement is likely consolidation of the uptrend from 1.2365. Further rise could be expected after the consolidation and a break of 1.2988 resistance could signal resumption of the uptrend. Support is at 1.2831, only a breakdown below this level will indicate … Continue reading "GBPUSD Daily Analysis – May 17, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 17, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 17, 2017 Forex Analysis
EURUSD moved above 1.1021 resistance and reached as high as 1.1097. Further rise is still possible in a couple of days and next target would be at 1.1250 area. Near term support is at 1.1000, as long as this level holds, the upward movement from 1.0839 will continue.
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 17, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – May 17, 2017 . Thanks for your support.
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