USDCAD Daily Analysis – June 19, 2017 Forex Analysis

USDCAD is forming sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, a break through this level could take price to test the key resistance level at 1.3350. As long as 1.3350 resistance holds, the rise from 1.3164 could be treated as consolidation of the downtrend from 1.3793, … Continue reading "USDCAD Daily Analysis – June 19, 2017"

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USDJPY Daily Analysis – June 19, 2017 Forex Analysis

USDJPY is now in uptrend from 108.81. the fall from 111.41 could be treated as consolidation of the uptrend. Support is at 109.70, as long as this level holds, the uptrend could be expected to continue and next target would be at 112.00 area. Resistance is at 111.41, a break of this level could signal … Continue reading "USDJPY Daily Analysis – June 19, 2017"

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AUDUSD Daily Analysis – June 19, 2017 Forex Analysis

AUDUSD is facing 0.7635 resistance, a break of this level will signal resumption of the uptrend from 0.7371, then the following bullish movement could bring price into 0.7700 zone. Support levels are at 0.7565 and 0.7519, only break below these levels could signal completion of the uptrend.

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GBPUSD Daily Analysis – June 19, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2634 and 1.2817. The key resistance is at 1.2850, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2500 area could be expected after the consolidation. However, a break of 1.2850 resistance will … Continue reading "GBPUSD Daily Analysis – June 19, 2017"

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EURUSD Daily Analysis – June 19, 2017 Forex Analysis

EURUSD failed to break below the 1.1109 key support and stays in the trading range between 1.1109 and 1.1295, indicating that the pair remains in the uptrend from 1.0569 (Apr 10 low), and the sideways movement in the range could be treated as consolidation of the uptrend. As long as 1.1109 support holds, the uptrend … Continue reading "EURUSD Daily Analysis – June 19, 2017"

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