USDCAD moved sideways in a trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3793, and further decline towards 1.3200 is possible after the consolidation. On the upside, a clear break of 1.3540 resistance will indicate that … Continue reading "USDCAD Daily Analysis – June 7, 2017"
For more short term forex analysis and info visit via USDCAD Daily Analysis – June 7, 2017 . Thanks for your support.
Tuesday 6 June 2017
USDJPY Daily Analysis – June 7, 2017 Forex Analysis
USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of this level will indicate that the short term downtrend from 111.71 is complete, then the following upward movement … Continue reading "USDJPY Daily Analysis – June 7, 2017"
For more short term forex analysis and info visit via USDJPY Daily Analysis – June 7, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – June 7, 2017 . Thanks for your support.
AUDUSD Daily Analysis – June 7, 2017 Forex Analysis
AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal completion of the uptrend from 0.7371.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 7, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 7, 2017 . Thanks for your support.
GBPUSD Daily Analysis – June 7, 2017 Forex Analysis
GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart, another fall is possible after the correction and next target would be at around 1.2600. Near term support … Continue reading "GBPUSD Daily Analysis – June 7, 2017"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 7, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 7, 2017 . Thanks for your support.
EURUSD Daily Analysis – June 7, 2017 Forex Analysis
EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take price back to the next support level at around 1.1130.
For more short term forex analysis and info visit via EURUSD Daily Analysis – June 7, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – June 7, 2017 . Thanks for your support.
Subscribe to:
Posts (Atom)