USDCAD Daily Analysis – July 25, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance is at 1.2608, only a … Continue reading "USDCAD Daily Analysis – July 25, 2017"

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USDJPY Daily Analysis – July 25, 2017 Forex Analysis

USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.49. As long as the channel resistance holds, the bounce from 110.62 could be treated as consolidation of the downtrend and further decline to 110.00 area is possible after the consolidation. On the upside, a clear break above … Continue reading "USDJPY Daily Analysis – July 25, 2017"

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AUDUSD Daily Analysis – July 25, 2017 Forex Analysis

AUDUSD is in consolidation of the uptrend from 0.7571. 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 the pair is above this level, the uptrend could be expected to resume, and another rise towards 0.8150 is still possible after the consolidation. … Continue reading "AUDUSD Daily Analysis – July 25, 2017"

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GBPUSD Daily Analysis – July 25, 2017 Forex Analysis

GBPUSD remains in uptrend from 1.2589, the price action from 1.3029 could be treated as consolidation of the uptrend. Deeper decline to test 1.2811 key support would likely be seen in a couple of days. As long as this level holds, another rise towards 1.3200 could be expected after the consolidation.

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EURUSD Daily Analysis – July 25, 2017 Forex Analysis

EURUSD stays above a bullish trend line on the 4-hour chart and remains in uptrend from 1.1312. As long as the price is above the trend line, the fall from 1.1684 could be treated as consolidation of the uptrend, and further rise towards 1.1800 is still possible after the consolidation. On the downside, a clear … Continue reading "EURUSD Daily Analysis – July 25, 2017"

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