USDCAD remains in downtrend from 1.3793. Further decline is still possible over the next several days and next target would be at 1.3500 area. Resistance levels are at 1.3640 and 1.3670, only move above these levels could trigger another rise towards 1.3900.
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Wednesday 17 May 2017
USDJPY Daily Analysis – May 18, 2017 Forex Analysis
USDJPY continued its downward movement and the fall extended to as low as 110.52. Further decline is still possible after a minor consolidation and next target would be at 109.50 area. Resistance is at 111.60, only move above this level will suggest that the downward movement is complete.
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 18, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – May 18, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 18, 2017 Forex Analysis
AUDUSD remains in the short term uptrend from 0.7328, the fall from 0.7445 is likely consolidation of the uptrend. Further rise to test the resistance of the descending trend line on 4-hour chart is possible. Support is now at 0.7385, only a breakdown below this level will indicate that the short term uptrend is complete, … Continue reading "AUDUSD Daily Analysis – May 18, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 18, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 18, 2017 Forex Analysis
GBPUSD is facing the resistance of 1.2988. A break of this level will indicate that the bullish movement from 1.2365 has resumed, then another rise towards 1.3100 could be seen. On the other side, as long as 1.2988 resistance holds, the sideways movement in a range between 1.2831 and 1.2988 could be expected to continue. … Continue reading "GBPUSD Daily Analysis – May 18, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 18, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 18, 2017 Forex Analysis
EURUSD’s bullish movement from 1.0839 extended to as high as 1.1171. Support levels are at 1.1100 and 1.1050, as long as these levels hold, the upward movement could be expected to continue, and next target would be at 1.1250 area.
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For more short term forex analysis and info visit via EURUSD Daily Analysis – May 18, 2017 . Thanks for your support.
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