USDCAD Daily Analysis – July 21, 2017 Forex Analysis

USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test 1.2460 (May 2016 … Continue reading "USDCAD Daily Analysis – July 21, 2017"

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USDJPY Daily Analysis – July 21, 2017 Forex Analysis

USDJPY remains in downtrend from 114.49 and the fall extended to as low as 111.47. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downtrend could be expected to continue and next target would be at 111.00 … Continue reading "USDJPY Daily Analysis – July 21, 2017"

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AUDUSD Daily Analysis – July 21, 2017 Forex Analysis

AUDUSD stays above the bullish trend line on its 4-hour chart and remains in the 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 and another rise towards 0.8050 is still possible after the consolidation. Key support is at 0.7897, only … Continue reading "AUDUSD Daily Analysis – July 21, 2017"

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GBPUSD Daily Analysis – July 21, 2017 Forex Analysis

GBPUSD’s fall from 1.3125 extended to as low as 1.2932. Deeper decline is still possible and the target would be at the bottom trend line of the price channel on the 4-hour chart. On the upside, as long as the channel support holds, the price action from 1.3029 could be treated as consolidation of the … Continue reading "GBPUSD Daily Analysis – July 21, 2017"

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EURUSD Daily Analysis – July 21, 2017 Forex Analysis

After consolidation, EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1657. Near term support is at the rising trend line on the 4-hour chart. As long as the pair is above the trend line, the uptrend could be expected to continue and next target would be at 1.1800 … Continue reading "EURUSD Daily Analysis – July 21, 2017"

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