USDCAD Daily Analysis – June 15, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3537, the bounce from 1.3164 is likely consolidation of the downtrend. Resistance is at 1.3300, as long as this level holds, the downtrend could be expected to continue and next target would be at around 1.3050. On the upside, a break of 1.3300 resistance will suggest that lengthier consolidation for … Continue reading "USDCAD Daily Analysis – June 15, 2017"

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USDJPY Daily Analysis – June 15, 2017 Forex Analysis

USDJPY’s bearish movement from 114.36 extended to as low as 108.81. Near term resistance is at the descending trend line on the 4-hour chart. As long as the pair is below the trend line, the bearish movement could be expected to continue and further decline to test 108.13 (Apr 17 low) support is still possible. … Continue reading "USDJPY Daily Analysis – June 15, 2017"

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AUDUSD Daily Analysis – June 15, 2017 Forex Analysis

AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7635. Key support is now at 0.7519, as long as this level holds, the bullish movement could be expected to continue and next target would be at 0.7700 area. Only a breakdown below 0.7519 support could signal completion of the uptrend.

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GBPUSD Daily Analysis – June 15, 2017 Forex Analysis

GBPUSD’s bounce from 1.2634 extended to as high as 1.2817. However, the bounce is likely consolidation of the downtrend from 1.3047. As long as the pair is below 1.2850 resistance, the downtrend could be expected resume, and another fall to 1.2500 area is still possible. Only a break of 1.2850 resistance could signal completion of … Continue reading "GBPUSD Daily Analysis – June 15, 2017"

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EURUSD Daily Analysis – June 15, 2017 Forex Analysis

After touching 1.1285 resistance, EURUSD pulled back to 1.1193, suggesting that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline is still possible and the target would be at 1.1130 area. Resistance is now at 1.1295, a break of this level could trigger another rise towards 1.1450.

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