USDCAD Daily Analysis – April 13, 2017 Forex Analysis

USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 13, 2017 Forex Analysis

USDJPY’s downward movement from 111.57 extended to as low as 108.81. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this level holds, the downtrend will continue.

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AUDUSD Daily Analysis – April 13, 2017 Forex Analysis

AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already. Further rise could be expected and next target would be at 0.7570, followed by 0.7600. Support levels are at 0.7500 and 0.7473, only break below these levels could bring price back to the downtrend.

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GBPUSD Daily Analysis – April 13, 2017 Forex Analysis

GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the price action from 1.2376 would possibly be consolidation of the downtrend from 1.2615, and another fall towards 1.2200 … Continue reading "GBPUSD Daily Analysis – April 13, 2017"

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EURUSD Daily Analysis – April 13, 2017 Forex Analysis

EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0620 and 1.0569, only break below these levels could trigger another fall towards 1.0500.

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USDCAD Daily Analysis – April 12, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3455. Further decline is possible in a couple of days, and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

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USDJPY Daily Analysis – April 12, 2017 Forex Analysis

USDJPY broke below 110.11 support and continued its downward movement from 115.50. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Key resistance is now at 111.57, only break above this level could signal completion of the downtrend.

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