USDCAD Daily Analysis – July 11, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347, the rise from 1.2859 is likely consolidation of the downtrend. 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 downtrend.

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USDJPY Daily Analysis – July 11, 2017 Forex Analysis

USDJPY stays in a bullish price channel on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is in the channel, the uptrend could be expected to continue and further rise to test 115.50 key resistance is still possible. Near term support is located at the bottom trend line of … Continue reading "USDJPY Daily Analysis – July 11, 2017"

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AUDUSD Daily Analysis – July 11, 2017 Forex Analysis

AUDUSD remains in the short term downtrend from 0.7712, the bounce from 0.7571 is likely consolidation of the downtrend. Another fall to test 0.7535 support is still possible after the consolidation. A breakdown below this level will confirm that the uptrend 0.7328 (May 9 low) had completed at 0.7712 already, then the pair will find … Continue reading "AUDUSD Daily Analysis – July 11, 2017"

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GBPUSD Daily Analysis – July 11, 2017 Forex Analysis

GBPUSD stays below a descending trend line on its 4-hour chart and is in downtrend from 1.3029. As long as the price is below the trend line, the downward movement could be expected to continue and next target would be at 1.2750 area. Only a clear break above the trend line resistance will indicate that … Continue reading "GBPUSD Daily Analysis – July 11, 2017"

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EURUSD Daily Analysis – July 11, 2017 Forex Analysis

EURUSD continued its sideways movement in a trading range between 1.1290 and 1.1445. The sideways movement is likely consolidation of the uptrend from 1.1118, another rise to test 1.1450 key resistance is still possible after the consolidation, a break of this level could take price into 1.1600 zone. Key support is at 1.1290, only a … Continue reading "EURUSD Daily Analysis – July 11, 2017"

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