USDCAD Daily Analysis – June 30, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2800 area. On the … Continue reading "USDCAD Daily Analysis – June 30, 2017"

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USDJPY Daily Analysis – June 30, 2017 Forex Analysis

USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the uptrend and another rise towards 115.00 could be expected after the consolidation. On the downside, a clear break … Continue reading "USDJPY Daily Analysis – June 30, 2017"

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AUDUSD Daily Analysis – June 30, 2017 Forex Analysis

AUDUSD continued its bullish movement from 0.7535 and the rise extended to as high as 0.7712. Near term support is now at 0.7645, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.7750 area. Only a breakdown below 0.7645 support could signal completion of the … Continue reading "AUDUSD Daily Analysis – June 30, 2017"

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GBPUSD Daily Analysis – June 30, 2017 Forex Analysis

GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2910, as long as this level holds, the uptrend will continue. Key support is located at the rising … Continue reading "GBPUSD Daily Analysis – June 30, 2017"

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EURUSD Daily Analysis – June 30, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1118 extended to as high as 1.1445, facing the important resistance level of 1.1450. If the price breaks and settles above this level, it would trigger a long term bullish movement towards 1.2700. Near term support is at 1.1340, followed by 1.1290, only break below these levels could bring price back … Continue reading "EURUSD Daily Analysis – June 30, 2017"

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