USDCAD Daily Analysis – July 26, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the import support at 1.2460 (May 2016 low) is possible. On the upside, a clear break above the trend line resistance could … Continue reading "USDCAD Daily Analysis – July 26, 2017"

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USDJPY Daily Analysis – July 26, 2017 Forex Analysis

USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected and a break of this level could trigger another rise towards 115.50. Support is at 110.62, only a … Continue reading "USDJPY Daily Analysis – July 26, 2017"

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AUDUSD Daily Analysis – July 26, 2017 Forex Analysis

Under pressure by the top trend line of the price channel on its weekly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571. Another rise towards 0.8150 is … Continue reading "AUDUSD Daily Analysis – July 26, 2017"

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GBPUSD Daily Analysis – July 26, 2017 Forex Analysis

GBPUSD formed a sideways movement in a trading range between 1.2811 and 1.3125. Another fall to test 1.2811 support would likely be seen in a couple of days. As long as this support level holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589 and further rise to test 1.3200 resistance … Continue reading "GBPUSD Daily Analysis – July 26, 2017"

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EURUSD Daily Analysis – July 26, 2017 Forex Analysis

EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next target would be at 1.1800 area. On the downside, a clear break below the trend line support will … Continue reading "EURUSD Daily Analysis – July 26, 2017"

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