USDCAD Daily Analysis – July 4, 2017 Forex Analysis

USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the downtrend and further decline to 1.2800 area is still possible after the consolidation. Key resistance is at 1.3070, … Continue reading "USDCAD Daily Analysis – July 4, 2017"

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USDJPY Daily Analysis – July 4, 2017 Forex Analysis

USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the trend line, the uptrend could be expected to continue and next target would be at 115.00 area. Key … Continue reading "USDJPY Daily Analysis – July 4, 2017"

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AUDUSD Daily Analysis – July 4, 2017 Forex Analysis

AUDUSD’s fall from 0.7712 extended to as low as 0.7644. However, the fall is likely consolidation of the uptrend from 0.7535, as long as the pair is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and further rise to 0.7750 area is still possible. Only a clear … Continue reading "AUDUSD Daily Analysis – July 4, 2017"

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GBPUSD Daily Analysis – July 4, 2017 Forex Analysis

GBPUSD’s pullback from 1.3029 extended to as low as 1.2929. As long as 1.2900 support holds, the fall could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after the consolidation. Key support is located at the bullish trend line on its 4-hour chart, only a clear … Continue reading "GBPUSD Daily Analysis – July 4, 2017"

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EURUSD Daily Analysis – July 4, 2017 Forex Analysis

Under pressure by the 1.1450 resistance, EURUSD pulled back to 1.1355, suggesting that consolidation for the uptrend from 1.1118 is underway. Range trading between 1.1350 and 1.1445 would likely be seen in a couple days. As long as the pair is above 1.1350 support, the uptrend could be expected to resume, and further rise towards … Continue reading "EURUSD Daily Analysis – July 4, 2017"

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USDCAD Daily Analysis – July 3, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347 and the fall extended to as low as 1.2946. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 1.2800 area.

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USDJPY Daily Analysis – July 3, 2017 Forex Analysis

USDJPY failed to break below the bottom support trend line of the price channel on its 4-hour chart, and rebounded from 111.73, indicating that the pair remains in uptrend 108.81. As long as the channel support holds, the fall from 112.92 could be treated as consolidation of the uptrend and further rise towards 115.00 is … Continue reading "USDJPY Daily Analysis – July 3, 2017"

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AUDUSD Daily Analysis – July 3, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7535, the pullback from 0.7712 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue and next target would … Continue reading "AUDUSD Daily Analysis – July 3, 2017"

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