After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2912. 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 … Continue reading "USDCAD Daily Analysis – July 5, 2017"
For more short term forex analysis and info visit via USDCAD Daily Analysis – July 5, 2017 . Thanks for your support.
Tuesday 4 July 2017
USDJPY Daily Analysis – July 5, 2017 Forex Analysis
USDJPY stays above the rising trend line on its 4-hour chart and remains in uptrend from 108.81. 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 support is at 111.73, only a breakdown below this level could signal … Continue reading "USDJPY Daily Analysis – July 5, 2017"
For more short term forex analysis and info visit via USDJPY Daily Analysis – July 5, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – July 5, 2017 . Thanks for your support.
AUDUSD Daily Analysis – July 5, 2017 Forex Analysis
AUDUSD broke below the rising support trend line on the 4-hour chart and is now in downtrend from 0.7712. Deeper decline is possible and next target would be at 0.7555, followed by 0.7535. Near term resistance is at 0.7650, only break above this level could trigger another rise towards 0.8000.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – July 5, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – July 5, 2017 . Thanks for your support.
GBPUSD Daily Analysis – July 5, 2017 Forex Analysis
GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after the consolidation. On the downside, a clear break … Continue reading "GBPUSD Daily Analysis – July 5, 2017"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – July 5, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – July 5, 2017 . Thanks for your support.
EURUSD Daily Analysis – July 5, 2017 Forex Analysis
EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could be expected to resume, and another rise to test 1.1450 key resistance is still possible. On the downside, … Continue reading "EURUSD Daily Analysis – July 5, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – July 5, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – July 5, 2017 . Thanks for your support.
Subscribe to:
Posts (Atom)