USDCAD Daily Analysis – June 20, 2017 Forex Analysis

USDCAD stays in the trading range between 1.3164 and 1.3308. As long as 1.3308 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3537 and further fall to 1.3050 area is still possible after the consolidation. The key resistance is at 1.3350, only a break above this … Continue reading "USDCAD Daily Analysis – June 20, 2017"

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USDJPY Daily Analysis – June 20, 2017 Forex Analysis

USDJPY’s bullish movement from 108.81 extended to as high as 111.77. Near term support is at 110.64, as long as this level holds, the bullish movement could be expected to continue and next target would be at 113.00 area. Only a breakdown below 110.64 support could signal completion of the uptrend.

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AUDUSD Daily Analysis – June 20, 2017 Forex Analysis

AUDUSD is forming a sideways movement in a range between 0.7567 and 0.7635. Near term support is at 0.7567, as long as this level holds, the uptrend from 0.7371 could be expected to continue and further rise towards 0.7700 is possible after the consolidation. Key support is at 0.7519, only a break below this level … Continue reading "AUDUSD Daily Analysis – June 20, 2017"

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GBPUSD Daily Analysis – June 20, 2017 Forex Analysis

GBPUSD failed to break above 12817 resistance and stays in the trading range between 1.2634 and 1.2817. As long as 1.2817 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3047 and further decline to 1.2500 area is still possible after the consolidation. Key resistance is … Continue reading "GBPUSD Daily Analysis – June 20, 2017"

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EURUSD Daily Analysis – June 20, 2017 Forex Analysis

EURUSD continued its sideways movement in a range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 is still possible after the consolidation. The key support is at 1.1070, only … Continue reading "EURUSD Daily Analysis – June 20, 2017"

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