USDCAD Daily Analysis – June 27, 2017 Forex Analysis

USDCAD moved sideways in a trading range between 1.3164 and 1.3347. The price action in the range is likely consolidation of the downtrend from 1.3793 (May 5 high). Another fall could be expected after the consolidation and next target would be at 1.3050 area. Key resistance is at 1.3400, only break above this level could … Continue reading "USDCAD Daily Analysis – June 27, 2017"

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USDJPY Daily Analysis – June 27, 2017 Forex Analysis

After consolidation, USDJPY broke above 111.78 resistance and continued its upward movement from 108.81. Further rise could be expected in a couple of days, and next target would be at 113.00 area. Near term support is now at 110.95, only a breakdown below this level could bring price back into 109.70 zone.

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AUDUSD Daily Analysis – June 27, 2017 Forex Analysis

AUDUSD failed to break below 0.7519 support and stays in the trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 support, the price action in the trading range could be treated as consolidation of the uptrend from 0.7371, and further rise to 0.7700 area is still possible. Only a breakdown … Continue reading "AUDUSD Daily Analysis – June 27, 2017"

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GBPUSD Daily Analysis – June 27, 2017 Forex Analysis

GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3047, and another fall towards 1.2450 … Continue reading "GBPUSD Daily Analysis – June 27, 2017"

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EURUSD Daily Analysis – June 27, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1109 and 1.1295. The key support is at 1.1109, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further rise towards 1.1450 is still possible after the consolidation. On the downside, … Continue reading "EURUSD Daily Analysis – June 27, 2017"

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