USDCAD formed a sideways movement in a range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3793 and further decline to 1.3300 area is still possible after the consolidation. On the upside, a break of 1.3540 resistance … Continue reading "USDCAD Daily Analysis – June 1, 2017"
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Wednesday 31 May 2017
USDJPY Daily Analysis – June 1, 2017 Forex Analysis
USDJPY moved sideways in a trading range between 110.23 and 112.13. Support is at 110.23, a breakdown below this level could bring price to next support level at around 109.60. Near term resistance is at 111.50, only a break of this level could trigger another rise towards 115.00.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – June 1, 2017 . Thanks for your support.
AUDUSD Daily Analysis – June 1, 2017 Forex Analysis
AUDUSD is facing 0.7416 support, a breakdown below this level could signal resumption of the downtrend from 0.7517, then deeper decline to 0.7350 area could be seen. Resistance is at 0.7475, above this level could take price to next resistance level at 0.7517.
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 1, 2017 . Thanks for your support.
GBPUSD Daily Analysis – June 1, 2017 Forex Analysis
GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2700 area is still possible. On the upside, a clear … Continue reading "GBPUSD Daily Analysis – June 1, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 1, 2017 . Thanks for your support.
EURUSD Daily Analysis – June 1, 2017 Forex Analysis
EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break of this level could signal resumption of the uptrend from 1.0569 (Apr 10 low), this could trigger another … Continue reading "EURUSD Daily Analysis – June 1, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – June 1, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – June 1, 2017 . Thanks for your support.
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