USDCAD Daily Analysis – July 10, 2017 Forex Analysis

After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2859. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.2700 area. Only a break of 1.3014 resistance could signal completion of the … Continue reading "USDCAD Daily Analysis – July 10, 2017"

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USDJPY Daily Analysis – July 10, 2017 Forex Analysis

USDJPY’s bullish movement from 108.81 extended to as high as 114.19. Near term support is at the bottom trend line on the price channel on its 4-hour chart, and the key support is at 112.74, only a breakdown below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis – July 10, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7328 (May 9 low), the fall from 0.7712 could be treated as consolidation of the uptrend. Key support is at 0.7535, as long as this support holds, the uptrend could be expected to resumed, and another rise towards 0.8000 is still possible. Near term resistance is at 0.7635, a break … Continue reading "AUDUSD Daily Analysis – July 10, 2017"

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GBPUSD Daily Analysis – July 10, 2017 Forex Analysis

GBPUSD broke below 1.2893 support, suggesting that the uptrend from 1.2589 had completed at 1.3029 already. Further decline could be expected and next target would be at 1.2750 area. Near term resistance is at the downward trend line on the 4-hour chart, only a clear break above the trend line resistance could trigger another rise … Continue reading "GBPUSD Daily Analysis – July 10, 2017"

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EURUSD Daily Analysis – July 10, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1290 and 1.1445. As long as the pair is above 1.1290 support, the sideways movement could be treated as consolidation of the uptrend from 1.1118 and further rise towards 1.1600 is still possible after the consolidation. On the downside, a breakdown below 1.1290 support will indicate that … Continue reading "EURUSD Daily Analysis – July 10, 2017"

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