USDCAD Daily Analysis – June 23, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3793, the rise from 1.3164 could be treated as consolidation of the downtrend. Resistance is at 1.3400, as long as this level holds, the downtrend could be expected to resume and further decline to 1.3050 area is still possible after the consolidation.

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USDJPY Daily Analysis – June 23, 2017 Forex Analysis

USDJPY moved sideways in a trading range between 110.64 and 111.78. As long as 110.64 support holds, the fall from 111.78 could be treated as consolidation of the uptrend from 108.81 and further rise to 113.00 area could be expected after the consolidation. However, a breakdown below 110.64 support will suggest that the upward movement … Continue reading "USDJPY Daily Analysis – June 23, 2017"

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AUDUSD Daily Analysis – June 23, 2017 Forex Analysis

AUDUSD’s fall from 0.7635 extended to as low as 0.7535 and is now facing 0.7519 support. If this level gives way, the pair will find the next support level at around 0.7450. Near term resistance is at 0.7600, only break above this level could trigger another rise towards 0.7700.

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GBPUSD Daily Analysis – June 23, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.3047, the rise from 1.2589 is likely consolidation of the downtrend. Near term resistance is at the falling trend line on its 4-hour chart. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.2450 area. Key … Continue reading "GBPUSD Daily Analysis – June 23, 2017"

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EURUSD Daily Analysis – June 23, 2017 Forex Analysis

EURUSD moved sideways in the bottom of the trading range between 1.1109 and 1.1295. A clear break below 1.1109 support will indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the pair will find the next support level at around 1.0800. On the upside, as long as 1.1109 support … Continue reading "EURUSD Daily Analysis – June 23, 2017"

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