USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and the next target would be … Continue reading "USDCAD Daily Analysis – May 29, 2017"
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Sunday 28 May 2017
USDJPY Daily Analysis – May 29, 2017 Forex Analysis
No changed in our view, USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely correction of the uptrend. Another rise would be expected after the correction and the next target would be at around 113.50. Near term resistance is at 111.70, a break of this level could signal the resumption of the … Continue reading "USDJPY Daily Analysis – May 29, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – May 29, 2017 . Thanks for your support.
AUDUSD Daily Analysis – May 29, 2017 Forex Analysis
AUDUSD is now in downtrend from 0.7517. Further decline could be expected in a couple of days and the next target would be at around 0.7350. Resistance is at the bottom trend line of the price channel on the 4-hour chart now at around 0.7480, followed by 0.7517, only break above these levels could trigger … Continue reading "AUDUSD Daily Analysis – May 29, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – May 29, 2017 . Thanks for your support.
GBPUSD Daily Analysis – May 29, 2017 Forex Analysis
GBPUSD broke below 1.2844 key support, indicating that the upside movement from 1.2365 had completed at 1.3047 already. Further decline could be expected after correction and next target would be at around 1.2650. Resistance is at the bottom trend line of the price channel on its 4-hour chart now at around 1.2900, followed by 1.3047, … Continue reading "GBPUSD Daily Analysis – May 29, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – May 29, 2017 . Thanks for your support.
EURUSD Daily Analysis – May 29, 2017 Forex Analysis
EURUSD is facing the 1.1161 support, a breakdown below this level will indicate that the bullish movement from 1.0839 had completed at 1.1267 already, this could trigger a correction pullback to 1.1050 area. On the upside, as long as 1.1161 support holds, the fall from 1.1267 could be treated as consolidation of the uptrend, and … Continue reading "EURUSD Daily Analysis – May 29, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – May 29, 2017 . Thanks for your support.
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