USDCAD Daily Analysis – July 12, 2017 Forex Analysis

No changed in our view, USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to … Continue reading "USDCAD Daily Analysis – July 12, 2017"

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USDJPY Daily Analysis – July 12, 2017 Forex Analysis

USDJPY remains in uptrend from 108.81, the fall from 114.49 is likely 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 channel support holds, the uptrend could be expected to continue and further rise to test 115.50 key resistance … Continue reading "USDJPY Daily Analysis – July 12, 2017"

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AUDUSD Daily Analysis – July 12, 2017 Forex Analysis

AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a breakdown below this level could trigger another fall towards 0.7500.

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GBPUSD Daily Analysis – July 12, 2017 Forex Analysis

GBPUSD’s fall from 1.3029 extended to as low as 1.2830. Resistance is located at the descending trend line on its 4-hour chart. As long as the pair is below the trend line, the downward movement could be expected to continue and next target would be at 1.2750 area. On the upside, a clear break above … Continue reading "GBPUSD Daily Analysis – July 12, 2017"

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EURUSD Daily Analysis – July 12, 2017 Forex Analysis

After consolidation, EURUSD broke above 1.1450 key resistance and continued its bullish movement from 1.1118. Further rise could be expected over the next several days and next target would be at 1.1600 area. Near term support is at 1.1375 and the key support is now at 1.1312, only break below these levels could signal completion … Continue reading "EURUSD Daily Analysis – July 12, 2017"

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