USDCAD Daily Analysis – July 20, 2017 Forex Analysis

USDCAD is facing an important support level at 1.2460 (May 2016 low). Near term resistance is at 1.2701, a break above this level could take price to the key resistance at 1.2770 a break of this level will indicate that the downtrend from 1.3347 had completed at 1.2578 already, then the correction rebound could bring … Continue reading "USDCAD Daily Analysis – July 20, 2017"

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USDJPY Daily Analysis – July 20, 2017 Forex Analysis

USDJPY is facing the resistance of the descending trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend from 114.49 could be expected to continue and next target would be at 111.00 area. On the upside, a clear break above the trend line support could take price towards the … Continue reading "USDJPY Daily Analysis – July 20, 2017"

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AUDUSD Daily Analysis – July 20, 2017 Forex Analysis

AUDUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend. Further rise is still possible after consolidation and next target would be at 0.8050 area. On the downside, … Continue reading "AUDUSD Daily Analysis – July 20, 2017"

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GBPUSD Daily Analysis – July 20, 2017 Forex Analysis

GBPUSD failed to break above the top resistance trend line of the price channel on the weekly chart, and pulled back from 1.3125. Further decline would likely be seen over the next several days and the target would be at 1.2900 area. However, as long as 1.2811 key support holds, the uptrend from 1.2589 could … Continue reading "GBPUSD Daily Analysis – July 20, 2017"

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EURUSD Daily Analysis – July 20, 2017 Forex Analysis

EURUSD remains in uptrend from 1.1118, the fall from 1.1583 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1700. Key support is located at the ascending trend line on the 4-hour chart, only a clear break below the trend line support could signal … Continue reading "EURUSD Daily Analysis – July 20, 2017"

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