USDCAD Daily Analysis – May 26, 2017 Forex Analysis

USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend and further decline to 1.3300 area could be expected after the consolidation.

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USDJPY Daily Analysis – May 26, 2017 Forex Analysis

USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 113.50 area. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend from 114.36.

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AUDUSD Daily Analysis – May 26, 2017 Forex Analysis

AUDUSD broke below the bottom support trend line of the price channel on 4-hour chart, indicating that the upward movement from 0.7328 had completed at 0.7517 already. Further decline could be expected over the next several days and next target would be at 0.7350 area. Resistance levels are at 0.7480 and 0.7517, only break above … Continue reading "AUDUSD Daily Analysis – May 26, 2017"

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GBPUSD Daily Analysis – May 26, 2017 Forex Analysis

GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at 1.3047 already, then the pair will find support around 1.2700. On the upside, as long as 1.2844 support … Continue reading "GBPUSD Daily Analysis – May 26, 2017"

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EURUSD Daily Analysis – May 26, 2017 Forex Analysis

EURUSD moved sideways in a narrow range between 1.1161 and 1.1267. As long as 1.1161 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0839 and another rise towards 1.1350 could be expected after the consolidation. On the downside, a breakdown below 1.1161 support will indicate that the upward move … Continue reading "EURUSD Daily Analysis – May 26, 2017"

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