USDCAD Daily Analysis – June 8, 2017 Forex Analysis

USDCAD failed to break below 1.3387 support and stays in the trading range between 1.3387 and 1.3540. The pair is now facing 1.3540 resistance, a clear break of this level will indicate that the downtrend from 1.3793 had completed at 1.3387 already. This could trigger another bullish movement towards 1.3800. On the downside, as long … Continue reading "USDCAD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via USDCAD Daily Analysis – June 8, 2017 . Thanks for your support.

USDJPY Daily Analysis – June 8, 2017 Forex Analysis

USDJPY broke above 109.90 resistance, suggesting that the short term downtrend from 111.71 had completed at 109.11 already. Further rally would likely be seen in a couple of days and next target would be at 111.00, a break through this level will confirm that the whole downtrend from 114.36 is complete, then the following bullish … Continue reading "USDJPY Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via USDJPY Daily Analysis – June 8, 2017 . Thanks for your support.

AUDUSD Daily Analysis – June 8, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7566. Further rise is still possible after consolidation and next target would be at 0.7650 area. Near term support is at 0.7500, as long as this level holds, the uptrend will continue.

For more short term forex analysis and info visit via AUDUSD Daily Analysis – June 8, 2017 . Thanks for your support.

GBPUSD Daily Analysis – June 8, 2017 Forex Analysis

GBPUSD broke above the resistance of the rising trend line on its 4-hour chart, suggesting that the pair is in short term uptrend from 1.2769. Further rise towards 1.3047 previous high would likely be seen in a couple of days. Near term support is at 1.2870, only a breakdown below this level will indicate that … Continue reading "GBPUSD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via GBPUSD Daily Analysis – June 8, 2017 . Thanks for your support.

EURUSD Daily Analysis – June 8, 2017 Forex Analysis

EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a break of 1.1285 resistance could trigger another bullish movement towards 1.1450. On the downside, a breakdown below 1.1200 … Continue reading "EURUSD Daily Analysis – June 8, 2017"

For more short term forex analysis and info visit via EURUSD Daily Analysis – June 8, 2017 . Thanks for your support.