USDCAD Daily Analysis – July 18, 2017 Forex Analysis

USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2627. Resistance is at 1.2770, as long as this level holds, further decline could be expected and next target would be at 1.2500 area. Only a break of 1.2770 resistance could indicate that correction of the downtrend is underway, then … Continue reading "USDCAD Daily Analysis – July 18, 2017"

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USDJPY Daily Analysis – July 18, 2017 Forex Analysis

USDJPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 111.50 area. On the upside, a clear break above the trend line resistance will indicate that the … Continue reading "USDJPY Daily Analysis – July 18, 2017"

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AUDUSD Daily Analysis – July 18, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7571, the fall from 0.7838 is likely consolidation of the uptrend. Near term support is located at the bottom trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the uptrend could be expected to continue and next target would be … Continue reading "AUDUSD Daily Analysis – July 18, 2017"

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GBPUSD Daily Analysis – July 18, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000 support holds, the uptrend could be expected to resume and further rise towards 1.3200 is still possible after … Continue reading "GBPUSD Daily Analysis – July 18, 2017"

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EURUSD Daily Analysis – July 18, 2017 Forex Analysis

EURUSD is facing 1.1489 resistance, a break out of this level will signal resumption of the uptrend from 1.1118, then next target would be at 1.1600 area. Near term support is at 1.1370 and the key support is at 1.1312, only break below these levels could bring price back towards 1.1100.

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