USDCAD Daily Analysis – May 24, 2017 Forex Analysis

USDCAD moved in a bearing price channel on 4-hour chart and just bounces off the bottom support trend line. Further rally is possible and the target would be at the top resistance trend line. However, as long as the pair is in the channel, the rise from 1.3456 could be treated as consolidation of the … Continue reading "USDCAD Daily Analysis – May 24, 2017"

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USDJPY Daily Analysis – May 24, 2017 Forex Analysis

USDJPY broke above 111.73 resistance, indicating that the bearish movement from 114.36 had completed at 110.23 already. Further rise could be seen in a couple of days, and next target would be at around 113.50. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend.

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AUDUSD Daily Analysis – May 24, 2017 Forex Analysis

AUDUSD ran in an ascending price channel on 4-hour chart and just bounces off the top resistance line of the channel. Correction pullback could be seen and the target would be at the bottom support line of the channel. However, as long as the channel support holds, the pullback could be treated as consolidation of … Continue reading "AUDUSD Daily Analysis – May 24, 2017"

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GBPUSD Daily Analysis – May 24, 2017 Forex Analysis

GBPUSD pair found resistance at the top of the price channel on 4-hour chart and pulled back into 1.2955 zone. Deeper decline would likely be seen and the target would be at the bottom support line of the channel. However, as long as the pair is in the channel, the pullback could be treated as … Continue reading "GBPUSD Daily Analysis – May 24, 2017"

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EURUSD Daily Analysis – May 24, 2017 Forex Analysis

EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair will find support at around 1.1070, followed by 1.1030. On the upside, as long as 1.1061 support holds, … Continue reading "EURUSD Daily Analysis – May 24, 2017"

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