USDCAD Daily Analysis – July 24, 2017 Forex Analysis

USDCAD extended its bearish movement to 1.2521. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and further decline to test 1.2460 (May 2016 low) support is still possible. Key resistance is at 1.2640, … Continue reading "USDCAD Daily Analysis – July 24, 2017"

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USDJPY Daily Analysis – July 24, 2017 Forex Analysis

USDJPY continued its bearish movement from 114.49 and the fall extended to as low as 110.76. Near term resistance is at the top trend line of the price channel on the 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. … Continue reading "USDJPY Daily Analysis – July 24, 2017"

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AUDUSD Daily Analysis – July 24, 2017 Forex Analysis

AUDUSD broke below the rising trend line on its 4-hour chart, indicating that the bullish movement from 0.7571 had completed at 0.7989 already. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of days. Support is at 0.7830, as long as this level holds, another rise towards 0.8150 is still possible. … Continue reading "AUDUSD Daily Analysis – July 24, 2017"

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GBPUSD Daily Analysis – July 24, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2589, the pullback from 1.3125 could be treated as correction of the uptrend. Deeper decline to wards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend could be expected to resume, … Continue reading "GBPUSD Daily Analysis – July 24, 2017"

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EURUSD Daily Analysis – July 24, 2017 Forex Analysis

EURUSD’s bullish movement from 1.1312 extended to as high as 1.1684. As long as the price is above the rising trend line on its 4-hour chart, the bullish move could be expected to continue and next target would be at 1.1800 area. Key support is at 1.1479, only a breakdown below this level could signal … Continue reading "EURUSD Daily Analysis – July 24, 2017"

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