USDCAD Daily Analysis – July 13, 2017 Forex Analysis

USDCAD continued its bearish movement from 1.3347 and fell sharply to as low as 1.2680. Further decline could be expected after a minor consolidation and next target would be at 1.2550 area. Near term resistance is at 1.2820 and the key resistance is now at 1.2943, only break above these levels could signal completion of … Continue reading "USDCAD Daily Analysis – July 13, 2017"

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USDJPY Daily Analysis – July 13, 2017 Forex Analysis

USDJPY broke below the bottom support trend line of the price channel on its 4-hour chart and is now facing 112.74 key support. A breakdown below this level will confirm that the uptrend from 108.81 had completed at 114.49 already, then the following correction pullback could bring price back into 111.50 zone. On the upside, … Continue reading "USDJPY Daily Analysis – July 13, 2017"

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AUDUSD Daily Analysis – July 13, 2017 Forex Analysis

AUDUSD is now facing 0.7712 resistance, a break of this level will indicate that the uptrend from 0.7328 (May 9 low) has resumed, then next target would be at 0.7800 area. Near term support is at 0.7660, only a breakdown below this level could bring price back into 0.7600 zone.

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GBPUSD Daily Analysis – July 13, 2017 Forex Analysis

GBPUSD continued its downward movement from 1.3029 and the fall extended to as low as 1.2811. The pair is now facing the trend line resistance, as long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2750 area. Only a clear break above the trend … Continue reading "GBPUSD Daily Analysis – July 13, 2017"

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EURUSD Daily Analysis – July 13, 2017 Forex Analysis

After touching 1.1450 key resistance, EURUSD pulled back to 1.1390 area, indicating that lengthier consolidation for the uptrend from 1.1118 is needed. Deeper decline could be expected in a couple of days and the target would be at 1.1350 area. However, as long as 1.1312 support holds, the uptrend from 1.1118 could be expected to … Continue reading "EURUSD Daily Analysis – July 13, 2017"

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