USDCAD Daily Analysis – May 30, 2017 Forex Analysis

USDCAD broke out of the resistance trend line of the price channel on 4-hour chart. Further rally to test 1.3540 resistance is possible. As long as the price is below this level, the rise from 1.3387 could be treated as consolidation of the downtrend from 1.3793, another fall towards 1.3300 could be expected after the … Continue reading "USDCAD Daily Analysis – May 30, 2017"

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USDJPY Daily Analysis – May 30, 2017 Forex Analysis

USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and another rise towards 115.00 could be expected after the correction. Near term resistance is at 112.13, a break … Continue reading "USDJPY Daily Analysis – May 30, 2017"

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AUDUSD Daily Analysis – May 30, 2017 Forex Analysis

AUDUSD remains in downtrend from 0.7517. Further decline could be expected after a minor consolidation and next target would be at 0.7350 area. Resistance is at 0.7465, as long as this level holds, the downtrend will continue.

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GBPUSD Daily Analysis – May 30, 2017 Forex Analysis

GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to be resistance to the upside, now at around 1.2900. As long as this level holds, the downtrend could … Continue reading "GBPUSD Daily Analysis – May 30, 2017"

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EURUSD Daily Analysis – May 30, 2017 Forex Analysis

EURUSD broke below 1.1161 key support, indicating that the short term bullish movement from 1.0839 had completed at 1.1267 already. Further decline could be expected and next target would be at around 1.1050. However, as long as 1.1050 support holds, the fall from 1.1267 would possibly be consolidation of the longer term uptrend from the … Continue reading "EURUSD Daily Analysis – May 30, 2017"

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